WEBVTT - What Amazon Will Do With Ring

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<v Speaker 1>Twitter adds a useful bookmarking feature. Amrich jamiro This is

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<v Speaker 1>rich on Tech Daily. Twitter is adding a useful new

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<v Speaker 1>available now. You can access it by pressing this share

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<v Speaker 1>icon under a tweet, then look for the ad tweet

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<v Speaker 1>You can find the link at Richontech dot tv. To

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<v Speaker 1>say big congrats to a company called Ring. We first

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<v Speaker 1>told you about them three years ago when they were

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<v Speaker 1>building a y fi video doorbell out of their Santa

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<v Speaker 1>Monica offices. And of course we now know Amazon is

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<v Speaker 1>buying them for more than a billion dollars. Now, back

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<v Speaker 1>then they had just a handful of employees. At last count,

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<v Speaker 1>they had over two thousand offices around the world. And

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<v Speaker 1>I remember when I first visited with them, they had

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<v Speaker 1>just a small office in Santa Monica. The next time

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<v Speaker 1>I visited them, they had expanded to buy almost the

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<v Speaker 1>entire block. It was pretty crazy. Now. The company started

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<v Speaker 1>because its founder wanted to work out of the garage,

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<v Speaker 1>but see who was at the front door. And he

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<v Speaker 1>looked and looked and looked for a product that was

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<v Speaker 1>basically like a caller ID for his door, a little

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<v Speaker 1>video camera that would let him see who's there on

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<v Speaker 1>his phone. He couldn't find it, so he set out

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<v Speaker 1>to build it. And when we first interviewed founder Jamie Simonoff,

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<v Speaker 1>he said they had tens of thousands of these doorbells installed,

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<v Speaker 1>and recently when I interviewed him, he said they had

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<v Speaker 1>more than a million devices out there. Now Amazon is

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<v Speaker 1>going to put rings technology outside many, many more homes.

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<v Speaker 1>But there's a lot they can do here. First off,

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<v Speaker 1>They just recently bought another company called Blink. They're probably

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<v Speaker 1>going to combine some of their technology with Ring because

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<v Speaker 1>Blink they also make a video doorbell. But really, I

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<v Speaker 1>think Amazon's interested in their chip technology. And when I

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<v Speaker 1>interviewed them, they explain to me how amazing it is.

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<v Speaker 1>It's all this low power stuff that allows a video

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<v Speaker 1>camera to run no joke, two years on a set

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<v Speaker 1>of double A batteries. So imagine the implications for Ring.

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<v Speaker 1>They can put that in their popular doorbells and now

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<v Speaker 1>you can install them anywhere and not really have to

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<v Speaker 1>think about them for a while. They could also use

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<v Speaker 1>Ring to verify package deliveries. So right now Amazon takes

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<v Speaker 1>pictures of packages being delivered. Maybe they'll use Ring to

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<v Speaker 1>do that. And Amazon needs to cut down on theft

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<v Speaker 1>costs because it's a big part of their business right now.

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<v Speaker 1>They also can integrate it with Amazon Key. This is

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<v Speaker 1>Amazon's program that basically you install a smart door lock

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<v Speaker 1>on your door and a camera and this allows the

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<v Speaker 1>delivery person to open your door electronically, put the package inside,

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<v Speaker 1>It snaps a picture, and it sends it to you

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<v Speaker 1>and the person closes the door. They can't get back

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<v Speaker 1>in after that. Now, another thing that's really interesting here

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<v Speaker 1>is that Amazon has their own cloud connected camera and

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<v Speaker 1>they give you a day's worth of clips, so twenty

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<v Speaker 1>four hours worth of video clips from that camera for free.

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<v Speaker 1>You don't have to pay a dime, and for most

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<v Speaker 1>people that's gonna be enough. If something happens to your home,

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<v Speaker 1>you hopefully know about it within a day, so you

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<v Speaker 1>can go back and look at the clip. Now, Ring

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<v Speaker 1>only gives you live view of their camera, so you

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<v Speaker 1>can see who's at your door. But once that kind

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<v Speaker 1>of window closes a video, you can't go back and

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<v Speaker 1>access it unless you pay three dollars a month for

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<v Speaker 1>a service plan, and then you can go back and

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<v Speaker 1>access many more days worth of archive videos. So it

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<v Speaker 1>to be very interesting to see if Amazon changes the

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<v Speaker 1>way that's done on Ring, which would potentially save people

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<v Speaker 1>a lot of money if they give them some of

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<v Speaker 1>their video clips for free for like twenty four hours.

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<v Speaker 1>All Right, there you have it rich on tech dot

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<v Speaker 1>tv if you want links to anything I mentioned here.

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<v Speaker 1>Thanks so much for listening to the Daily podcast. The

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<v Speaker 1>best thing you can do for me is to rate

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<v Speaker 1>and that way more people will see it. I'm rich

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<v Speaker 1>Dmiro that's going to do it for me today. See

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<v Speaker 1>you next time.