comparemela.com

Android, and when that decision will come, so we have to make preparations for our products. We will evaluate our strategy for the overseas market. If we are not able to use android for our new smartphones, we have the ability to develop our own operating system and ecosystem, which would become the basis of our services to the customers. Tom give us a sense how fundamentally you have had to change your supply chain to mitigate these pressures . Have you completed those changes, or are there more to be done . Mr. Hua the entity list put into place by the u. S. Was disruptive to our supply chain as we had already made plans to use the components from the u. S. But u. S. Suppliers suddenly stopped supplying us, so we had to make adjustments to our supply chain, including our process of purchasing, manufacturing, and delivering products. We will do the adjustments to our supply chain. We will change to other suppliers and use our own chips for the core components. I think the damage to the u. S. Suppliers is even bigger than it is to huawei. We will have to increase our workload and manage continuity internally, but the damage to the u. S. Supplier is direct as they lose a customer. If the u. S. Removed huawei from the entities list, that would be a solution. Tom what impact are you seeing on demand for your 5g equipment given the u. S. Pressure campaign on some allies around the world to block access to huawei . Mr. Hua although the u. S. Has been launching a Campaign Among its allies, it is up to each country to decide its partners based on its own development demands, telecommunication demands, and carrier Infrastructure Construction demands. I think now there might be some impacts in places like australia, but there are others who are willing to work with huawei. Tom when it comes to components, you have said that you are still blocked from some of your key suppliers. Can you give us some clarity on who those suppliers are, and tho fill those gaps . Mr. Hua we might have some components that we cant buy from the u. S. , but we will use our own components to supplement. Smartphone operating systems like googles operating system and ecosystem havent resumed business with us yet. We are working to find a way to patch this hole. We hope to see good news, but if there isnt any, we will try to enhance our own capabilities. Tom do you expect huawei to be part of the conversations when the trade negotiators meet in the next few days in shanghai . Will they be discussing huawei, and do you welcome the backing of the Chinese Government for your company . Mr. Hua huawei is purely a company. When two countries talk, they talk about big topics. In the talks between china and the u. S. , they will talk about big topics. For us, huawei only wants to do its own job, like what i just said. We need to patch up the holes, manage continuity, as well as ensure product delivery. We do not sell to the u. S. What we do care about is doing a solid job to make sure the products are delivered to our customers. Emily that was bloombergs Tom Mackenzie in an exclusive interview with the huawei chairman. So what language should a car speak . 5g or wifi . The answer could determine who will lead the way when it comes to developing selfdriving cars. Billions of dollars could be at stake, so could thousands of lives. Bloombergs ed ludlow has the story. Ed cars that can talk to each other, interact with traffic lights, and even see around corners. The advent of 5g could make these real, bringing faster speeds and greater bandwidth needed for smart Traffic Systems and truly autonomous vehicles. But it is not the only option for connecting cars. Established wifibased technology. There is a debate about which is better. The choice is between the existing wifi standard called dsrc, or dedicated short range communications, or cv2x, cellular to vehicle to everything which would eventually use 5g networks. China was the first to make a decision favoring Cellular Technology for his cars. With recent developments in 5g, that could be handing china an early lead. Their focus is leading to this real timetomarket advantage. And frankly, they will be saving hundreds, if not thousands of lives much sooner than we will, as we fumble to determine which standard that is best for the longterm roadmap in the western world. Ed in october, china implemented the use of cv2x and gave it a dedicated band of spectrum. In the u. S. And europe, the spectrum issue is unresolved and there is a split on which technology to use. Settling the standard matters. If the federal government mandated a technology today, its estimated up to 8. 1 million car crashes and 43,000 deaths could be prevented. So how are the technologies different . Both are designed to connect cars directly to other vehicles and the infrastructure around them. But the cellular tech can also harness the 5g networks wider range and greater bandwidth, and crucially, its lower latency. That one millisecond delay in latency in 5g to let you know there is a car coming around the corner is going to be critically important. Today, with 4g, that might be 10, 20, 30 milliseconds. It will be crucially important to the safety levels. Ed the wifibased standard has low latency, and backers like chipmakers nxp argue it is a better option because the technology is mature and ready for deployment now. But supporters of the cellular tech say it has superior range and is more secure. Bison is a u. S. Ev startup that will build its car in china and bring it to market with basic selfdriving capabilities. 5g will enable vehicles to talk to different infrastructure. It will enable vehicles to talk to each other. Autonomous driving can use up to 1. 5 terabytes of data per hour. That data needs to come into the vehicle and leave the vehicle. Ed cv2x can evolve with each new generation of cellular networks, starting with 5g. It will be as simple as switching the modem. Critics of the wifi standard say that technology is outdated and not appropriate for the cars of tomorrow. So, which will prevail . 5g cv2x is now backed by a trade Group Representing more than 100 Car Manufacturers and chipmakers, including qualcomm. Vehicles are becoming more and more autonomous, relying upon cameras and sensors. Once we start blending in both 5g and cameras and sensors, we get to see a far more transformative experience. Ed the e. U. Commission plan for the wifibased standard was defeated in july, opening the door for a 5g standard supported by audi and bmw. In the u. S. , the Trump Administration has put off making a decision, but ford is not waiting for washington. In january, the carmaker committed to deploying cv2x in its cars from 2022. Currently, General Motors is the only u. S. Carmaker promoting the older wifi standard. Bloomberg new Energy Finance says in the longterm, the u. S. , korea, and japan will adopt the cellular option as they aggressively deploy 5g networks. For now, the western world has left it to automakers to fight it out over which standard to adopt. Ed ludlow, bloomberg news, San Francisco. Emily coming up, testimony and age discrimination claims against ibm indicate the company may have fired as many as 100,000 workers over recent years. Details on multiple lawsuits and ibms response, next. And, demand is growing for manmade jets to fly everything from 5g networks, to satellites, to engagement rings. I visited one of the top producing labs to see for myself and try some on. Next. This is bloomberg. Emily ibm has laid off as many as 100,000 workers in the last few years, according to a recent lawsuit. In fact, big blue is facing several lawsuits, claiming age discrimination against Older Workers. In one suit, a former employee alleges that it was all part of ibms attempt to appear cool and trendy as it tried to appeal to millennials. Our correspondent has details from new york. Olivia we have a classaction lawsuit filed in manhattan and different civil suits filed across the country, from california, pennsylvania, and texas. And the similar thread between these cases is they are alleging ibm has been firing its older employees in order to bring in and retain new, younger workers. They actually call these cases a fire and hire discrimination scheme. And they allege that ibm has been carrying out this resource action, the term the company uses for laying off employees, since as far back as 2014. Emily so, ibm in a statement said, we have reinvented ibm in the last few years to target higher value opportunities for our client in the last five years. The Company Hires 50,000 employees every year. Tell us more about how the company is responding. Olivia ibm is a 108yearold company and for the past seven years straight it has faced fading revenues, and it has bee. The mark in the Cloud Computing revolution and has been lagging behind the likes of amazon, microsoft, and google for about a decade now. So the company is really on this new growth trajectory. It is bringing in hybrid cloud and trying to become a whole Different Company that focuses on newer technologies like Artificial Intelligence and hybrid cloud. And it just a acquired red hat in a 34 billion acquisition. So part of this strategy of laying off Older Workers and bringing in new, younger workers is actually to turn the company around and to become, as we read in this deposition, a cooler, trendier company where young talent would want to work for ibm in a similar way that they want to work for google or amazon. Emily that was bloombergs olivia carville. Well, after a year and a half of searching for the home of its second headquarters, amazon chose to split its campus between crystal city, virginia and long island, new york. Shortly after the decision was made, we watched the downfall of the new york campus as local politicians pushed back, and amazon pulled out. Since then, u. S. Cities have upped the ante to try to persuade the giant to bring jobs to a new location. One city that did make out from the start is nashville, tennessee. Amazon announced last year that its Operations Center of excellence would move there and create 5000 jobs with it. We caught up with tennessee governor bill lee and asked him about the move, and how he plans to bring other Tech Companies to his state. Gov. Lee we are a state that has a very business friendly environment. We have a low income tax, low business taxes, a Regulatory Environment that is friendly to businesses. Companies know that about states. We are fiscally soundly managed. Companies know that, so they sort that out. Then they look at incentive packages that states have to offer. And we certainly deal with companies in that way. We incentivize companies to come there. Then they look at things like workforce development, and we have made a tremendous push in our state to create workers for companies who are coming there, particularly Tech Companies and technologybased companies. Our administration has done something called a future Workforce Initiative that is establishing the kinds of education curriculum and pathways that will create the workers of the future. Emily there are some Tech Companies already there. Lyft has an operation there. Postmates, mitsubishi has moved some operations there. What in the future do you think you can offer Tech Companies . You are obviously making the case here in San Francisco this week to put a bet on tennessee. Gov. Lee yeah, i think the biggest thing we can do is show to them our commitment for workforce. Technologyrelated jobs require a workforce of the future, and they require an education system, i believe, that understands the needs of the workforce. We created something called the give act. The governors investment in education act, something this year called the futures Workforce Initiative. Those are legislative initiatives that in fact create workers of the future. It changes the way our middle schools and high schools look. It ultimately changes the type of skills that people and workers in tennessee have. We need to be a place that when lyft is looking to expand their operations in tennessee, they know that they can add the thousand jobs they need to, or amazon will know that the 5000 jobs that they are going to need to fill, that there will be a workforce out there to do it. Our investment in that is very important. Emily nashville voters overwhelmingly rejected a transit bill that would have brought light rail. Do you see a risk that nashville or tennessee might not learn the lessons of seattle which saw a rising housing costs, a traffic crunch because they didnt move fast enough when amazon came calling . Gov. Lee yeah, we have to lead on this. What i think is most important that we have to do, and we were talking about this in our department of transportation now, but with other municipal leaders, we need to think about what transportation is going to look like in the future. You know, investing in a multibilliondollar system that may be antiquated by the time it is built is not what we want to happen. I think transportation is rapidly changing. If you talk to some of the companies here about how people are going to move, that is what we need to be investing in from a transportation standpoint. We do have to stay ahead of that curve in our major cities, in tennessee. We want to be ahead of the growth curve as much as possible so that we can not make the same mistakes that other cities have had to make and had to learn. We are going to learn from their mistakes and not remake them. Emily my conversation there with governor bill lee of tennessee. Well, officesharing startup wework prepares for an ipo, reportedly looking to go public in september, in what is expected to be the secondbiggest initial Public Offering of the year. Wework set to be targeting a share sale of 3. 5 billion. I got insight from bloombergs ellen hewitt. Ellen we dont know a lot, we know that wework is hosting one today. They have had analysts from different banks and firms come in and learn about their Business Model and get a sense of how they might be covering it. Most analysts who attended had to sign ndas and to agree not to discuss what was shared until the actual ipo. Emily how typical is this . I do not remember them having an analyst day before they actually went on a roadshow. The situation is that the s1 has not yet been made public. We know they filed confidential documents with the sec last december, and said in april they had filed those documents, but we still have not gotten to see them. The company is aiming to do an ipo in september based on our reporting. So one would think that maybe there is a chance in the next month, we might get to look at the documents that show their earnings, losses, all the nittygritty, which certainly many of these people are excited to look at. It has been a company that has gotten a lot of attention for its unusual financial metrics, communityadjusted ebitda, things like that. Emily lets talk about what analysts are actually looking for. What are the questions they want answers to . I think they are trying to assess whether to look at this company as a Real Estate Company or tech company. It is something wework has gone back and forth on for many years about how it presents its identity. It wants to be seen as a tech company in part because it is interested in getting that sort of multiple in the markets, and it would be a much more valuable proposition for wework to be seen as such. Of course, people look at it and think that this is a company that takes on leases, rents out smaller parcels of real estate and should be considered more like a Real Estate Company or an investment that is modeled more on how real estate models are done. Emily meantime, you mentioned the more unconventional metrics. There has also been controversy around the founder and how much money has been taken off the table. What is the status of that . That is still part of the story of wework but i think the poll be trying to get there hands around in terms of deciding how they value these companies. You mentioned the founder and ceo has taken out loans against some of his holdings. Wework has also reportedly sold some of his equity in the company. He has also been known to have personal holdings of real estate that wework has taken leases in. The company has made steps to try to resolve some of those perceived conflicts of interest, but it is something i imagine is a big question on a lot of analysts and investors minds. Do we think this might be a problem for the company as it goes public . Emily do we have a sense of how much money they are making, if they are profitable . Do we know . They are not profitable. But they like to present, thats why we talked about communityadjusted ebitda. That is a metric by which they see themselves as profitable on sort of a buildingbybuilding basis, almost what you might think of the equipment of the unit economicstype approach, where youre looking at an existing building that has been in place for 12 or 18 months, does that building itself make positive profit . Removing a lot of expenses other people might think should be counted into the greater calculation. [laughter] emily that was bloombergs ellen huet. Coming up, Lab Grown Diamonds in Silicon Valley. They supply everything from 5g networks, satellites, to engagement rings. I visit one of the top producing labs to see for myself, and try a couple on, next. This is bloomberg. Emily and finally this hour, you may think of diamonds as a girls best friend, what you may not know is that they are considered to be the computer chips best friend, a viable and even superior alternative to silicon. In Silicon Valley they are being used to fuel advances in 5g, satellites, quantum computing. I recently visited a lab that grows diamonds, and learned how they are made, what they are for, and, of course, tried on a few. Emily it sparkles. It shines, and it is oneofakind. But this diamond isnt a product of mother nature. Instead, it comes from a lab in a process that is shaking up the 80 billion diamond industry. How long does it take from start to finish to grow a two carat diamond . It takes a couple weeks and been a couple more weeks to finish it and do a polished gemstone. Emily Lab Grown Diamonds have the same characteristics and chemical makeup of mined stones without the controversy of their origin. You start with this foundational piece in the reactor. Carbon atoms start to come down one at a time and connect to the diamond below it. Atom by atom, you are growing diamond. All of the reactors we created inhouse. Not just built, but designed inhouse. That is where all the magic happens. Emily martin and his team at Diamond Foundry in San Francisco have been making these precious gems since 2015. Silicon technology, and we recognized that the technologies we use can also be applied to grow diamonds that very highquality in ways that previously were impossible. Emily but they are not the only ones. There is new Diamond Technology in seeing petersburg, one in singapore, and even in the centuriesold them on business, debeers is getting in the act. In 2018, it launched a Fashion Jewelry retailer called light box jewelry, targeting younger consumers with lab diamonds and selling them for 800 a carat. 1 5 of the price of other manmade stones, and 1 10 of the price of an actual gem. But questions remain of how well manmade diamonds will hold their value. Debeers will probably will produce 35 cubits of natural diamonds this year. You look at the global output of manmade diamonds produced for jewelry, it is probably 5 million carats. But it was well under one million carats just a few years back. Emily last year a major win for producers of manmade diamonds when the federal trade commission amended its jewelry guidelines, clarifying a diamond is a diamond, regardless of its origin. Currently, manmade diamonds account for just 1 of the 14 billion global rough diamond market. That number is expected to grow to 7. 5 by as early as 2020. Much of that growth is in the luxury jewelry market. But the real money opportunity is to use what they have developed in this lab to fuel the future of Silicon Valley. We know in our past, we developed the first diamond wafer. That will enable a lot of technology applications, for electronics, 5g networks, satellites. These applications go anywhere from quantum computing to hightech laser and optics equipment. I think we are probably still a good 10 years away. Emily ultimately, diamonds are forever, but consumers now have a choice, and the prospect of Technology Enabling advances in the future is bright. That does it for this edition of the best of bloomberg technology. We will bring you all the latest in tech throughout the week. Tune in every day at 5 00 p. M. In new york, 2 00 p. M. In San Francisco. And we are Live Streaming on twitter, and also follow our global breaking news network tictoc on twitter. This is bloomberg. Hey im bill slowsky jr. , i live on my own now ive got xfinity, because i like to live life in the fast lane. Unlike my parents. You rambling about xfinity again . Youre so cute when you get excited. Anyways. Ive got their app right here, i can troubleshoot. I can schedule a time for them to call me back, its great you have our number programmed in . Ya i dont even know your phone anymore. Excuse me . what . I dont know your phone number. Aw well. He doesnt know our phone number you have our fax number, obviously. Todays xfinity service. Simple. Easy. Awesome. Ill pass. Alix i am alix steel. Welcome to a special edition of commodities edge. We are going to take a deep dive into bps trading business. And into the refining and shale strategy. First, a look at their strategies. Bp is an energy giant

© 2024 Vimarsana

comparemela.com © 2020. All Rights Reserved.