the nasdaq emerges out of silicon valley. it is for those kinds of reasons. in those network effects are what makes silicon valley great. david: what about around the world? is china likely to pass silicon valley as a leader of technology? reid: i think it's one of the greatest concerns that silicon valley-knowledgeable people have, because china is amazing. it has huge amounts of tech talent. everyone's acting like an immigrant, you know, with hunger. there are large companies that have this policy 996 -- 9:00 , a.m. to 9:00 p.m. six days a week, you are discoverable at your desk. and that is kind of like, you know, tens of thousands of people in technology companies. and they are doing a lot of innovation. there is there's things that we learn from china. and so, i think that china is going to have one kind of very strong creation of the technological future. it is one of the reasons why in blitz scaling, we call it the land of blitz scaling. i think silicon valley has some edges too, but i think it's very much of a game on

scott is also mike's podcast partner for the silicon valley insider weekly overview of silicon valley tech industry scott holds a degree in political science and ucla. welcome mike and scott but we're so looking forward to your conversation, take it away. >> thank you so much. welcome everyone, and michael welcome to you. it's great to be here. >> it's great to talk to you, this time i get to ask you the questions. >> and folks, please let us be a little informal. scott and i are not really capable of anything else. [laughter] this is an honor to be here for many reasons. mike, you know i'm a big fan of yours. as a tech reporter i've been standing on your shoulders for years. in some of the earliest stories i did as a silicon valley reporter were at sea hm and you have allowed me to do many there and geek out. individually to see the exhibits. always appreciate it it's an honor to be associated with that. >> if i can add, i am deeply honored. i've done many things at the museum over the years. i go back safari member would gordon glenn bell made the decision to move to silicon valley

silicon valley as a number of overlapping network effects. it has a network effect of being the hub by which a lot of english-speaking entrepreneurs from around the world come to start their software or key technology businesses. there is the hub for capital and the knowledge and the investing that goes into it. there is a hub of talent for people growing these companies, which is the reason i wrote this book, how do you build companies at a global scale and attract the talent? there is the network effects of learning out of sharing information. it is part of the reason why silicon valley, the whole bay area has 3.5 million people tops, that's not the tech industry, and why half of the nasdaq emerges out of silicon valley. it is for those kinds of reasons, and those network effects are what makes silicon valley great. david: what about around the world, is china likely to pass silicon valley as a leader of technology? reid: i think it's one of the greatest concerns that silicon valley-knowledgeable people have, because china is amazing. it ha

is china likely to pass silicon valley as a leader of technology? reid: i think it's one of the greatest concerns that silicon valley-knowledgeable people have, because china is amazing. it has huge amounts of tech talent. everyone's acting like an immigrant, you know, with hunger. large companies have this policy, 996 -- 9:00 till 9:00 p.m. six days a week, you are discoverable at your desk. and that's kind of like you know tens of thousands of technical people in technology companies. and they are doing a lot of innovation. there's things that we learn from china. and so, i think that china is going to have one kind of very strong creation of the technological future. it is one of the reasons why in blitz scaling, we call it the land of blitz scaling. i think silicon valley has some edges too, but i think it's very much of a game on circumstance. david: some people would say the technology world of the united states is dominated by a limited number of companies, google, facebook, apple, netflix, microsoft, i'm sure you are familiar with all of thi

scott is mike's podcast partner for the silicon valley insider, a weekly overview of silicon valley in the tech industry. he holds a degree in political science from ucla. welcome mike and scott, we are looking forward to your conversation. take away. >> thank you so much. welcome to everyone. michael, welcome to you. it's great to talk to you and this time i get to ask you a question. please allow us to be informal, we are fully i capable of anythg else. [laughter] >> this is an honor to be here for many reasons. i am a big fan of yours and as a tech reporter, i've been standing on your shoulders for years but also computer history museum, some of the earliest stories i did as a silicon valley reporter were at hm and you have allowed me to host programming there to do many interviews and geek out both individually and children to be the exhibits and i always appreciated that. it's an honor to be associated with that. >> if i can add, i am deeply honored, i've done many things over the years, i go back so far, i remember when gordon and bell were making the decision to move to silicon

silicon batteries so no silicon is come back to silicon valley but is there v product going to work? i don't know but it's possible that batteries can now get on the freight train in not the semi conductors. i think batteries are going to be crucial and whoever has the great breakthrough, you know i had lunch a while back with frederico and i said what's the greatest invention in valley history? is it the tryout -- triode or the transistor? is it the integrated circuit? visit you and your team with the microprocessor and he said no, i think the one true moment of genius in that whole history to play in our process. he said everything else that wee all do you could see it coming. you are extrapolating from where we are now to what we could do in the future but he says the idea of taking the transistor and laying it flat and the printing process and being able to scale it down 10 nanometers with the planar process that was not an active engineering. he said that was an act of artistic creation and he said everything else pales next to that moment when they came up with that so i though

sebastian thrun is one of the smartest people in silicon valley. the other smart people in silicon valley might say he's smarter than they are. ceo of kitty hawk, currently a company backed by larry page. thanks for being with us. kitty hawk is obvious to most americans, what the reference is, particularly to people who like aviation. your airplane is called the heavyside. my need thought was that had something to do with the musical "cats." but apparently not. >> the one thing you want to do in aviation is make things lighter and lighter. we started out pretty heavy, and now we're down to about 400 kilograms. >> excellent. so you've got a very efficient airplane. are we going to call it an airplane? it's not a drone. what are we calling this thing? >> i don't quite know. i think flying car is beautiful because there was a childhood dream. it doesn't really drive. >> it doesn't drive around, but you would use it, say, to commute. >> you want to lift up and drive in the sky, a gravity shield kind of thing. it's a tongue twister and nobody can rememb

and, you know, the programming, the counter cultural attitude of the early age of silicon valley, well, those programming data have now become the goliath and the pandemic has actually reinforced this for me at least, which is we're already aware of the some of the problems of big tech 18 months ago, but now our lives have become even more enmeshed in the decisions made by a very small number of people inside a very small number of tech companies. we're dependent on ways that we first, even 18 months dependent upon a small number of platforms through our work lives. through our private lives, for our educational lives and the power that's vested in a tiny number of people in silicon valley amounts to private governance and that's not serving us as citizens very well at all. >> from a technologist point of view, how we actually think about the systems that get built. they get built with particular metrics that are jaunt quantifiable and part of that that they're easily quantifiable. that doesn't mean they match what we really want. they're proxies for what we really want. and when you g

it is embedded in the structure of the capitol industry driving the growth of silicon valley and face companies that prioritize the scale before we even understand anything about the impacts of technology in society. it reflects the path paved to market dominance by market in retreat from exercising oversight. so stanford has an important role to a play and there are individuals who may look inside it didn't pay attention to the consequences of the moment of tremendous optimism. the bottom line is there are systemic challenges that need addressed stanford needs to be at the center of addressing those challenges but stanford can't do alone. >> thanks, that makes a lot of sense and i recognize even if i've only been at stanford about two years, the change in the questions people are asking, the awareness after january 6 storming of the u.s.g capitol after disinformation around covid, people really thought problems are not just in other communities, they can truly hit home. the harms are real, not virtual so too say that we see how hard it is for students to find jobs outside of the big

also michael malone chronicles the beginnings of silicon valley with his book the big score. then "the memory thief" about the effects of opioid use on the memory. what can teach doctors about alzheimer's disease followed by biologists carole hooven explaining how testosterone dries behavior. >> some people say that artificial intelligence is going to make a the human race obsolete. people don't want to think that a artificial intelligence, and intimidating subject that the thing about ai is even if you don't want to think about it, it is thinkingut about you, or is ? that will be the question we will be discussing today on this episode of independent conversations. greetings everybody who has joined us. i'm graham walker coming from the independent institute in oakland, california. we try to bring notable experts on aic variety of topics to discuss topics of the day and we think giving your perspective that you're not likely to hear elsewhere, and today we'll be talking with george gilder. let me welcome george gilder to independent conversations. hi, george. [inaudible] >>

we y hear from corporate leaders are investors in silicon valley that the antiregulation push to do that regulation will slow down innovation and get inw the way of the progress that we need. we want you to understand that anti-regulation pushed as a rejection of democracy. to rejection of the role of our political -- the technology that we selected as a society to help us referee the critical values that exist. you are right to say and our democracyha isn't up to the task not only because of of technical knowledge that you pointed to put because of theno institutiol huge -- features that have made our very difficult and so cheveryone's reasonable expectation about what's like you to come out is crowned -- of congress the best prediction you could make in this current system at the moment. questions about content moderation the communications act but one of the places that we start and this is excerpted in the piece in the atlantic which was published a couple of days ago is can we find a set of areas for legislative action were democracy can do what it's a best at which is achieve conse

valley habló de los órganos de comunidad se ubica en grandes empresas además sobre están expuestos a problemas de inundación precisamente en la historia se han visto amenazados por la madre naturaleza >> hablan inglés >> al visto del histórica de los años 1000 homicidio 56,978 aminoácidos 83 así que se construyera una se podrá caminar y disfrutar de los paisajes de la hermosa porción al sur de la bahía reino desproteger en otra comunidad los silicon valley lugares como el estadio escuela hospitales y plantas de tratamiento de agua reciclaje de una inundación >> sean asignados o multimillonarios a un proyecto que controla inundaciones que se espera simplemente los próximos años >> hablan inglés >> trabajando lo mismo en el extremo recibiendo fondos a nivel federal y conservación de cosas y otros para continuar levantando derribando uno 5/1/15

. >> i thought he was just silicon valley. >> now-- no, technology chief at google and it developed ai the response to gmail. responses that allow you to anticipate how you are going to respond to it. >> i noticed the responses have been getting more courteous and more specific. i suppose it's due to his development. >> that's his contribution. really i think all these people forgotten the fundamental principles of computer science. >> that's what's striking about this book because you don't seem to be as much as a doomsday or as some. in fact, you seem to think the potential of ai may be oversold, but that even in the overselling there could be some collateral damage and you are trying to avoid that. have i got that right? >> yeah, i think that's right. the idea that somehow ai competes with human minds is a fundamental illusion. >> a lot of these technology creators came to the work having already observed the idea that the human mind is nothing more than a neat machine and so if they knew that quote unquote knew that to begin with and it's not surprising that the conception of artif

we think that what we have within silicon valley is a prime example of what represents the world at large of that disconnect. so we provide free tech classes and try to provide our students with the mindsets, the skills, and what they need to actually contribute to tech and innovation. >> are your classes all free, and who gets to take them? >> absolutely. we say innovation for everyone, so our classes are absolutely free, we try to make as few barriers as possible to enter into this economy, so you have people who think it's not for them, we need to make sure that folks know it is for them, there are innovators who looked just like morgan and they spend of diversity that we need. and we want to highlight those, and skills classes, we need people, there is a shortage of workforce, so we need folks with the right skills, so why put up a barrier, so we try to get people the mindset skills absolutely free. >> and you don't have to live in east palo alto. morgan, were nine, you developed a game called candy unicorn, have you continue to take classes at street code? >> yep. >> what kind of cla

it's played a critical role in bridging the ecosystem that is silicon valley and it wrote this period of tremendousf tech optimism and we saw that reflected in every aspect of the campus. about riding that wave of optimism and backlash, we now face exactly that dynamic playing out on campus. a lack of trust in the tech companies and the concern among the individuals and the majors about whether they want to be associated with these societal harms. so it puts us in the position of educators on campus where we have to think and dig deep with our students around the questions of how do we amplify the benefits of technology while also mitigating these evidence harms. so the book itself calls for this kind of nuanced adult pragmatic conversation that's not a tech optimism and that's not a tech to pessimism, but recognizes that technology itself isn't neutral and involves trade-offs. it generates benefit alongside of the challenge collectively to think about how to weigh those things. >> but often i would say on this point, while we can focus on stanford and think about its potential role a

silicon valley is a notoriously _ world. silicon valley is a notoriously secretive - world. silicon valley is a | notoriously secretive and notoriously secretive and notoriously litigious place when it comes to employees who want to put their head above the parapet to raise concerns. how did big tech get so big? 0ne how did big tech get so big? one of the reasons it got so big, to be honest, is by exploiting thousands of people who work there. the way that they have managed to keep that exploitation going is by silencing people who work there, including through incredibly wide and broad nondisclosure agreements. i have honestly almost never seen anything like it. i am a human rights lawyer who used to bring cases against the cia and the culture of secrecy at big tech is basically as bad as i used to see in the cia. it is basically as bad as i used to see in the cia.— to see in the cia. it means whistleblowers _ to see in the cia. it means whistleblowers who - to see in the cia. it means whistleblowers who want i to see in the cia. it means| whistleblowers who want to to se

i think companies in silicon valley that revive their business plan is also leaving their customers and contributors are going to fail. >> yeah, if that's how they approach it, then they're going to make themselves superfluous. in fact, they seem to anticipate that. if you proceed in business on the assumption that your job is to make your own customers superfluous, , you're going to n out of things to do it that your business model, aren't you? >> i think it's quite absurd. i'm even contrary enough to not believe that -- i think technology is continuing to advance at a tremendous pace, but it don't think it's advancing any more rapidly than it did at the time of the industrial revolution. i think that nobel laureate economist william nor house -- nor house did a study of the advance of writing. this is the invention, creation of light, the amount of lumens you need to light a room at night. and he shows that the advance in lighting has been a hundred thousand times more rapid than is measured in the economic models. essentially, economists while they are writing about them satanic mill

in the silicon valley, this was their customers, and contributors. saying they're going to fame. >> that's how they approach it. then they're going to make themselves superfluous, and if you anticipate that, if you precede in business on the assumption that your job is to make your own customers superfluous, you're going to run out of things to do if that's your business model, aren't you? >> i don't -- i mean, i'm even in control enough not to believe, that they continue to advance at a tremendous pace, but i don't think it's advancing any more rapidly than it did at the time of the industrial revolution. >> mm-hmm. >> and i think that the economist william moorhouse has looked at this, and looked at the invention creation of life, is amount of lumens you need to light a room at night, and it shows that the advance in lighting has been 100,000 times more rapid than it was measured in the economic model. essentially economists were writing about mills, and -- >> william blake. >> yeah. they were writing, and emmitt james, writing, and the incredible

people like frances haugen are a rare thing in silicon valley. the decision she made to take on facebook wasn't ta ken lightly. the company intentionally hides vital information from the public, from the us government and from governments around the world. silicon valley is a notoriously secretive and notoriously litigious place when it comes to employees who want to put their head above the parapet to raise concerns. how did big tech get so big? and one of the reasons it got so big, to be honest, is by exploiting thousands of people who work there. and the way that they have managed to keep that exploitation going is by silencing people who work there, including through incredibly wide and broad non—disclosure agreements. i've honestly almost never seen anything like it. i'm a kind of human rights lawyer who used to bring cases against the cia, and the culture of secrecy and fear at big tech is basically as bad as i used to see in the cia. it means whistle—blowers who want to come forward, like haugen, need to be extremely brave and have ext

despite that second harvest of silicon valley says it could use a lot more help forcefully to kyle has that story for us. >> tracking and distribution kicked into high gear at second harvest of silicon valley in we've been doing this for 20 bucks. and secure south be families rely on the food bank. year round. but there is no busier time that the holiday season volunteer in team lead in the been more than 400 hours of this year. ever since covid the numbers have just gone the food bank is feeding about 450,000 people each month that's an 80% increase from before the pandemic. this year. we're providing 22% more for peace than he did last year. second harvest ceo leslie bacho says the organizations budget has doubled during the pandemic to keep up with them and it has added 15 more trucks opened a new warehouse and increased its staff 40%. at the same time, it has ended its traditional food collection. drives with barrels to be more efficient. >> bacho says second harvest has enough food but needs volunteers and monetary donations. and actually when people donate. >> money reconstruct i

three rounds of silicon valley funding for her idea before she was 24 years old. under friendly questioning from her defense attorney, one of her against attorneys, kevin downey, she talked about the early days of theranos. how she dropped out of stanford at 19 years old after doing some research on microfluidics which became the basis for her invention. initially she thought of a pill people could swallow that would send out data in realtime over how somebody was doing healthwise then it turned into a patch. ultimately after dealing with pharmaceutical companies and talking and doing more research, the idea of this microblood testing device, which ultimately did not work again, by the time she was 24 years old, she had contracts with big pharmaceutical companies. pfizer, glaxosmithkline, bristol-myers squibb all of this now on display for the jury as they get a sense of the elizabeth holmes that dazzled wall street, dazzled investors and dazzled silicon valley a lot more to come next week, including potentially some pretty rough cross examination. >> scott cohn l

. >> i thought he was just silicon valley? no, while he was a good technology chief i google undeveloped at that -- response to your emails, you know gmail, has responses that allow you to anticipate how you are going to respond to a particular issue. i notice those responses are more curious since was if. it cases it establishment? that's raises contribution. ray as a whole -- contributions to technology where the decades. but i think all these people have forgotten the fundamental principles of the computer science that they expound. that's what's striking about the book, because you don't seem to be of much of a dune say or something in, fact see five got this right to -- you seem to think the potential of a i maybe oversold, but that even in the overselling there could be some collateral damage and you're trying to avoid that. >> have i got that rain? >> that's right. the idea that somehow ai competes with human minds is a fundamental illusion. >> a lot of these technology creators, he came to their work having already abs

amazon itself is not in us silicon valley necessarily. but that whole the ecosystem of e commerce is there, it is actually legal to steal up to a $1000.00. and the way pointing out there is that these goods end up being sold by 3rd party sellers on amazon. and so amazon is benefiting from the moral ethical and legal collapse in california made possible by fear money. because, of course, when you print loss of fear money and it goes to the hands of a, say, a jeff bezos who runs amazon, he's got political influence. so i just again, in america, um, i think i really do believe if you put a char and you made a chart of the, the cost of buying a politician around the world. i think america's the cheapest. i think you can buy a nancy pelosi or somebody like that for a few 100 box wars and other countries, it actually costs a lot more in europe and these other countries. i wish american, ah, politicians demanded a little bit more money for their of influence. nevertheless, here we have this ongoing story of plunder and looting happening across a

people like frances haugen are a rare thing and silicon valley. the decision she made to take on facebook wasn't taken lightly.— taken lightly. the company intentionally _ taken lightly. the company intentionally hides - taken lightly. the company intentionally hides vital - intentionally hides vital information from the public, the us government and governments around the world. silicon valley is notoriously secretive and notoriously litigious place when it comes to employees who want to put their head above the parapet to raise concerns.— raise concerns. how did big tech get — raise concerns. how did big tech get so _ raise concerns. how did big tech get so big? _ raise concerns. how did big tech get so big? and - raise concerns. how did big tech get so big? and one . raise concerns. how did big| tech get so big? and one of raise concerns. how did big - tech get so big? and one of the reasons it got so big to be honest is by exploiting thousands of people who work there in the way that they have managed to keep that exploitation going is b

after silicon valley, which is to say, disruptors, what did they do? they identified a large market that was not being fully in property -- and properly served and said i will provide a solution. 95% of our revenue comes from permanent capital vehicles, so we have attired different offering -- entirely different offering. we said there is a chance to be that disruptor, and then we purposely built a business model that looked like a tech company. we did not start and say our base model is a bank, and how do we become a better bank. we started by saying cure is a necessary service that if we can do a great job delivering the product we can earn really attractive risk-adjusted returns , and this is the important point for our shareholders. we look a lot like a sas business and people do not map technology to wall street, but we have done this consciously. >> where businesses are set up to deliver to their end to gives her a certain set of services, but if you held our income statement against any other sas company you would be surprised how similar they a

>> silicon valley and beyond this is bloomberg technology with emily chang. emily: i am emily chang in san francisco at this is bloomberg technology. tough times, new disney+ subscribers drilling netflix by a long shot. is disney's streaming service struggling to broaden its appeal after an explosive start? we will discuss. no stopping for vivian, the drugmaker goes public -- truck maker goes public. our exclusive conversation with the company's ceo this hour. she was of doordash hit a peak. visio will tell us how he expects us to hyper skill growth. let's get it look at markets. u.s. stocks fell the most in a month. >> talks taking a breather and it comes down to tech leading the charge lower. a lot of it has to do with big tech. over into semiconductors as well, down 2.8%, software stocks taking part of the blow. here is what did not get dragged down, china's adr's, good news in the regular tory vectra. i want to broaden this out and talk about the s&p 500 and tesla's role in it in particular. we know the ev space has been driving broader gains, but if you