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

will china catch up and pass silicon valley? >> it is one of the greatest concerns that silicon valley has. china is amazing. it has a huge amount of technology talent, everybody is acting like an immigrant. with hunger. large companies have this policy of 996, 9:00 to 9 p.m. seven days a week you are discoverable at your desk. they are a lot of innovation. there are things that we learn from china. i think that china is going to have one very strong technological future. that is why we call it the land of blitzscaling. >> some people say that the technology world is a limited by a number of companies. -- is limited by a number of companies. do you think that the united states is dominated by too few technology companies? something should be done to weaken their power? >> what i think we are heading to is we are going from five massive technology companies to 10. we are naturally heading in that direction. we see it with netflix and salesforce and all of these other companies which are continuing to also grow in strength. create

the nasdaq emerges out of silicon valley. it is for those 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 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 you know tens of thousands of technical 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 circumstan

silicon valley itself has overlapping network effects. it is a hub where a lot of english-speaking entrepreneurs from around the world come to start software businesses or key technology businesses. there is a hub of capital and knowledge and investing that goes into it. there is a hub of count, growing companies. i wrote this booklet, scaling, about how you build technology companies. there's network effects of learning, out of sharing of information, and that's part of the reason silicon valley, which has 3.5 million people tops, and why half of the nasdaq emerges out of silicon valley. it is for those kinds of reasons. and those network effects are what make silicon valley great. david: what about the rest of the world? is china likely to catch up and pass silicon valley as a leader in technology? reid: it is one of the greatest concerns that silicon valley knowledgeable people have because china is amazing. it has huge amounts of tech talent, everyone acting like an immigrant, you know, with hunger. large companies have this policy, 9

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

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

it is part of the reason silken valley -- silicon valley has the whole area. and why half of the nasdaq emerges out of silicon valley. those network effects are what makes silicon valley great. >> is china likely to catch up and pass silicon valley? reid: i think it is one of the greatest concerns that silicon valley people have. china is amazing. it has a huge amount of tech talent. everyone is acting like an immigrant with hunger. you are discoverable at your desk and that is like the tens of thousands of people and technology companies and they are doing a lot of innovation. there are things that we learn from china. i think china will have one very strong creation of the technological future. that is why we call it the land of blood scaling but i think silicon valley has some edges as well. i think it is very much in a game on circumstance. >> some people would say the technology world in the united states is dominated by a limited number of companies, google, facebook, apple, netlist, microsoft. -- netflix, microsoft. do you think the u.s. is dominated by

silicon valley has 3.5 million people and half of the nasdaq emerges out of silicon valley. it is for those reasons. those network effects are what makes a great. david: is china likely to catch up and advanced silicon valley as a technology leader? reid: it is one of the greatest concerns that silicon valley knowledgeable people have because china is amazing. everyone is acting like an immigrant. with hunger. large companies have this policy, 9:00 a.m. to 9:00 a.m. six days a week and that is the people in technology companies. they do a lot of innovation appear to there things we learn from china. i think china will have one very strong creation of the technological future. i think silicon valley has some edges too, but i think it's very much of a game on circumstance. david: now 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 this. do you think the united states is dominated by too few tech companies and something should be done

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

they're right here in the heart of silicon valley. there's a web address and a phone number for more information. again, we'll have two of those fellows next here on, "comunidad del valle." stay with us. my dermatologist was raving about pure retinol. it's amazing. new revitalift night serum with pure retinol our most potent retinol. in a clinical test, 100% of women showed reduction of wrinkles, even deep ones. new revitalift night serum with pure retinol from l'oréal paris. new revitalift night serum "comunidad del valle" by two of those alf senior fellows. with me is kim rivera who is an executive at hp, and also raul lomeli who is the principal at voices academy here in the south bay. welcome to the show, both of you. kim rivera: thank you. raul lomeli: thank you so much. damian: raul, you've been on the show before so we'll get to you in a bit, but kim, tell us about, you know, alf and your experience with alf and being a senior fellow with them now. kim: yeah, so i was a member of class 33 and it was a fantastic opportunity for

silicon valley has only recently in the last few years in tech clash moments been more self-critical. there are different perspectives in the industry about how to date this new mood, this spirit of more critical reflection we are in which when we talk about the tech clash we think of it as a media event, regulatory or political event but also happening within the industry, thinking differently than they used to about the work they do, the technology these companies built. >> connecting that, i wonder what are the lessons you drew, the stories from talking with them, was we should as readers take from how it helps our understanding, what is important for your lessons? >> my take away, this tradition of oral history, self reflection, people are experts in their own lives, the take away, people started this project when there's a lot more optimism about silicon valley. this pendulum swing a lot of negative attention alluding to under the tech clash and any progress forward, close to the machine and attend to how the machine is working and they can risk repeating the hype. on these big h

that idea of singularity is captivated in silicon valley. i think it retards technological progress rather than simulating it. >> how is that? how did slow technological progress? >> because technological progress we are human beings with minds, wills, and imagination counter actuality and all of the capabilities of human beings are what technology extends and elaborates and allows us to contribute to human life and achievement. to try to separate technology with the apocalyptic idea which leads people like elon musk to say >> things like ai represents the end of the world. steven hawking also made some preposterous about ai if it succeeds we will and the human race. these people are like doomsday adventists on the mountain awaiting the end of the world. it is just ludicrous. it is one of the stupidest things i have encountered in my 81 years of ruminating on these subjects but. >> george gilder, don't algorithms represent a crude thinking on their own for computers? >> of course, computers are very good for computation. they can do pattern

of course, silicon valley is trying to kill it. google has just removed parler

that idea of singularity's captivated in silicon valley. i think it retard's technological progress rather than simulating it. >> how did it slow technological progress? >> technological progress is meaningless without human minds. we are human beings with mines that have wheels and imagination and intuition and counter actuality -- actuality and all of the capabilities of human beings are wet technology extends and elaborates and allows us to contribute to human life and achievement. to try to separate technology with this kind of apocalyptic idea, which leads people like elon musk to say things that are stupid, like a i represents the end of the world. stephen hawking also made some preposterous comments about a i, if it succeeds we will end the human race. these people are like doomsday advent estates on the mountain awaiting the end of the world. it's just ludicrous. . it's one of the stupidest things that have been encountered in my 81 years from ruminating on the subjects. >> don't algorithms kind of represent a crude thinking on thei

>> this book is about the crazy religion that has captivated silicon valley where somehow, their machines can eclipse human intelligence. it cascades through the universe producing an ever more brilliant machine without our help. leaving us behind on the beach collecting guaranteed annual income while larry page -- nearby planets with elon musk. maybe with france aboard now. it is this illusion that somehow the human mind is a computer and can be excelled by computers that has captivated many figures fin silicon valley as a kind of new religion. it is nonsense as i show in gaming ai which is not a great title for a critique of artificial intelligence, but, artificial intelligence began by playing games. and then it moved on to beat all of the great figures. a world champion was defeated by an ai device. from these successes and games of the masters of silicon valley have imagined that they can create general-purpose brains themselves. this is a great solution and it results in bad strategy and what you want to do is enhance human minds not try to usurp their customers and creators. >> in

>> as you mentioned, contractors are all over silicon valley. they perform a kind of essential work for this industry to function but in spite of that they tend to earn fairly low pay, receive little to no benefits despite working for some of the richest companies in the world and living in one of the most expensive real estate markets in theworld can be a difficult job for many folks . one of the people we in the book is equal and this is an individual who has deep roots in the bay area, who remembers the first.com boom, gives us this long view that was particularly valuable in an industry that is constantly kind of forcing this amnesia ourselves. we are not allowed to remember what the tech industry looked like five years, much less 20 years ago and this individual lets us see the longer view as someone with a real sense of place, a sense of rootedness in the bay area. i think what emerges from that conversation for me and with a couple other contractors throughout the book is just how important this work is and how invisible it is. i think yo

in silicon valley. our numbers are dwindling. the black population here poultry to begin with at about 3% has seen a decline in recent years down to barely 1% in some places, part of the problem and explosion and housing costs coupled with the latest economic downturn due to the covid-19 pandemic. racial redlining decades earlier, has also left the lasting mark, making it more difficult for people of color to feel welcome in the area. retired superior court judge lador is cordell bought a home and moved to the bench in the valley in the eighties, despite a sprinkling of silicon valley black own restaurants and businesses. she prefers making a trip up to oakland to experience the flavor of a thriving black community. and you don't see that here in silicon valley. were few and far between. so no, it's not a good feeling if there's no existing community. in other words, if there is no space where people of african descent can find ways to age in the normal things we do is african americans. it is difficult to say there's a community

this is what they are saying explicitly, and the silicon valley component of this is particularly menacing, tucker, because these companies have greater power than any corporations in the history of the world. not just wealth, but the amount of data that they have on us, and all the control that the exercise over our political discourse.almo a tiny handful of tech oligarchs are more powerful than any nation state.. and they determine what we can hear, what we can speak, what is true, and what is false, with zero accountability and zero transparency. the overwhelmingly donated to the democratic party and so for the democratic party, are part of that coalition, and jennifer palmieri, a top level, long-term advisor to the clintons, posted on twitter that the reason that facebook and silicon valley are now censoring the enemies of the democratic party's because they know the democrats are now in control of the key committees and have to do their bidding in order to get what they want. but the reality is, they are the ones who wield power, silicon valley does, and the rest of us are subject to

it's a mash up — buzz in silicon valley. it's a mash up of _ buzz in silicon valley. it's a mash up of social- buzz in silicon valley. it's a mash up of social network, i mash up of social network, events platform, and live podcast. and everyone is getting a bit giddy about it. but are they right? lj rich has been fighting out. how we communicate online is about to change. we are used to social media containing text, video and images but now good old—fashioned voice chat is making a comeback. everyone can be a host on clubhouse. it is an audio — only social network where celebrities, entrepreneurs and pretty much anyone with an account can hold their own show. you can even drop into a discussion. what was the learning experience like for you to put that reduction together? it has had 4 million downloads in the last month and attract good $100 million worth of investment. find an event, topic or interview that picks your interest and go in. were free to stay silent and listen or even join in conversation yourself if you feel brave enough to raise a hand. after the

is silicon valley, nestled between two mountain ranges in the south and bay, an ocean in the north silicon valley sits of the jewels in the crown of the bay area economy. the 20 miles of coveted real estate fosters the convergence of high tech jobs, expensive homes and open natural spaces. all of this, and yet something is missing substance of numbers of brown and black faces. i don't see very many clothes, representation of who i am. i generally don't see anybody that looks like myself on a daily basis in silicon valley when i drive around our go out someplace. it's like we're left out of this community being black and silicon valley means never having this. they don't be too many of us. we talked to more than a half dozen people from various backgrounds and socioeconomic strata. each relates a common staple that's become central for african americans living and working in silicon valley. isolation you really don't feel like. year participating or you have skin in the game. what i end up with is seeing african americans as an endangered species, and, uh, silicon valley. our numbers are dw

in silicon valley. our numbers are dwindling. the black population here poultry to begin with at about 3% has seen a decline in recent years down to barely 1% in some places, part of the problem and explosion and housing costs coupled with the latest economic downturn due to the covid-19 pandemic. racial redlining decades earlier, has also left the lasting mark, making it more difficult for people of color to feel welcome in the area. retired superior court judge lador is cordell bought a home and moved to the bench in the valley in the eighties, despite a sprinkling of silicon valley black own restaurants and businesses. she prefers making a trip up to oakland to experience the flavor of a thriving black community. and you don't see that here in silicon valley. were few and far between. so no, it's not a good feeling if there's no existing community. in other words, if there is no. space we're people of african descent can find ways to age in the normal things we do is african americans. it is difficult to say there's a communit

valley of the world, we ignored silicon valley we lost our leadership and probably a million jobs left the state and it never came back for high-tech, there is no entitlement to silicon valley is a very difficult place to do business in the same thing true of new york city and where your broadcasting from and what it is, it isn't just the taxes which are out of control and the mayor of miami said it best they said come down we won't tax you to death. what you're seeing businesses are being given the signal that we don't want to hear we think were entitled we will regulate you et cetera where states like texas, even my home state of west virginia or montana are saying what do we need to do to attract to hear i think the change is permanent and i don't think silicon valley is entitled to be the next startup mecca in the world and if i had to bet i would bet on texas and uc texas competing with dallas and austin saying how do we attract too. i think this is a permanent change and if we don't get our act together in california not only will we lose a lot of jobs we won't even attract start

you know, or washing anybody stay on assignment in silicon valley. i'm jesse gary ktvu, fox two news and we'll be bringing you stories all this month about black leaders, black legends and communities. you can see those reports any time by going to our website ktvu dot com slash black history month ah lot more ahead. we're going i've seen how cancer can affect the people i care about. that's why i'm helping protect myself against some cancers like certain cancers caused by hpv. for most people, hpv clears on its own. but for those who don't clear the virus it can cause certain cancers. gardasil 9 is the only vaccine that helps protect adults through age 45 against certain diseases caused by hpv, including cervical, vaginal, vulvar, anal, and certain head and neck cancers, such as throat and back of mouth cancers, and genital warts. gardasil 9 doesn't protect everyone and does not treat cancer or hpv infection. your doctor may recommend screening for certain hpv-related cancers. women still need routine cervical cancer screenings. you shouldn't get ga

valley and has been one of the key figures that has transformed silicon valley from being an afterthought economically and culturally -- even during the '90s when there was a crazy tech boom -- i don't think there was the ton of level of impact we're seeing today. today this industry has the biggest companies in the world. it is setting the cultural agenda and i would argue increasingly and with people like peter, it is setting the political agenda. peter thiel helped get donald trump elected. and i think he'll play a big role going forward. >> max is author of "the contrarian." i talked to max earlier about thiel's affiliation with donald trump in "sand hill road." you can find "sand hill road" wherever you find your podcasts. and "press: here" we'll be right back. >>> welcome back to "press: here." we owe a huge debt of gratitude to one of the tiniest things on earth. yeast, it brought us beer. it brought us bread. and more importantly, it brought us more beer. and now life saving drugs. how to convince yeast to grow the same sort of molecules found in the plants we depend on for some o

valley in silicon valley has not benefited from their ideas. sarah: this is an issue near and dear to my heart that we are working on. two of the last three founders i backed are women. one is the founder -- hispanic. one thing i want to make sure is clear, if you want great founders from great backgrounds across the spectrum, we want to do it more because seed is important. it is across the portfolio this is a priority. emily: we will keep following how you put the money to work and have you back for progress update. thank you so much. greylock partners. all right. coming up, civilian space travel. jared isaacman as the commander of the inspiration for joins us to talk about his historic flight. what the payment ceo has to say about the state of crypto. that is next. this is bloomberg. ♪ emily: one week ago, jared isaacman was orbiting the earth at 360 miles altitude as the commander of the first all civilian orbital space inspiration 4 mission. now he is back to his day job as the ceo of the fintech company shift4 payments. we caught up wit