He is a frequent radio and television on to discuss his latest, rise of the robots sub to technology and the threat of a jobless future about the future work in the world in which the number of jobs can be handed over to technology. The robots or machine intelligence. The longterm consequences of the inevitable rise of the machines will be the topic of tonights lecture so pleased i may in a very autistic enthusiastic welcome for our friend martin ford. A. [applause] thank you very much and thanks for coming. Its really a pleasure to be here. I should say right off the bat i noticed in the program the title for tonights presentation is how to stop robots from stealing jobs and i have to tell you honestly i dont have an answer to that very i believe it is probably inevitable that technology is going to replace former workers and take over the economy and a challenge for us is really to figure out a way to adapt to that and to make sure that we still have continued broadbased prosperity i
The robots or machine intelligence. The longterm consequences of the inevitable rise of the machines will be the topic of tonights lecture so pleased i may in a very autistic enthusiastic welcome for our friend martin ford. A. [applause] thank you very much and thanks for coming. Its really a pleasure to be here. I should say right off the bat i noticed in the program the title for tonights presentation is how to stop robots from stealing jobs and i have to tell you honestly i dont have an answer to that very i believe it is probably inevitable that technology is going to replace former workers and take over the economy and a challenge for us is really to figure out a way to adapt to that and to make sure that we still have continued broadbased prosperity in the future even as that unfolds and thats really the main point of my book. What im trying to do is to interview two or maybe even you might say initiate the conversation that i think is going to be critically important for all of
Countdown. Lets start with twitter and the roller coaster that was the share price. The initial reaction to the number bound bounce was positive, jack dorsey started to speak candidly about the shortcomings of the business that is when investors started to rethink and the stock fell. Fascinating roller coaster ride. Lets talk about what has happened in the u. S. More broadly u. S. Stocks calling time on the longest losing streak since january in yesterdays session. Stock was up, better than estimated reports. Ups, pfizer ford, coming in better. It paints a positive picture so far. Mma in europe talks yesterday help as well. Lets move to the question the morning on twitter, whats could threaten the m a wave . You could find me on twitter. Lets talk about what is happening in the asian session. Over to china now, as the countrys equity index swings. Our market reporter from hong kong joins us for the latest. Juliet it has been a fluctuating market. Asian markets followed in general, that
We are live from bloombergs European Headquarters in london. Coming up this hour, autos. Peugeots first half earnings surge. We are speaking to the cfo live from paris in about 10 minutes time. Make sure you stay tuned for that. First up, barclays german john mack farland says hes going to step up the pace of cuts to the british lender. The Bank Reported secondquarter profits of 1. 8 5 billion pounds. That matched analyst estimates. Profits at the Investment Bank jumped 35 . For more, we are joined by our london finance reporter, julie of her lane. Julia these results sound like mcfarlane is ready to take the bank by the scruff of the neck. Julia he is going to run down the noncore by 2017 to bring down riskweighted assets. I think he is there to accelerate the whole process that jenkins started. You had equities down 2 and Investment Banking fees down 11 . It has been offset by the macro performance. Manus in terms of these job cuts, where do we think they are going to come from . Wil
Journalist. Nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i had a day job of running a private equity firm. How do you define leadership . What is it that makes somebody take tick . You are clearly one of the worlds most Successful Technology investors and businessmen. Let me ask you about a fund you are raising, a division fund. It is supposed to be a fund of 100 billion . Masayoshi yes. David that would be the biggest fund ever raised. Did people tell you you were crazy . Masayoshi some people said. [laughter] david you had a meeting with the deputy crown prince of saudi arabia, who is now the crown prince. In one hourand convinced him to invest 45 billion. 45 minutes, 45 billion. [laughter] david i apologize. Masayoshi 1 billion per minute. [laughter] david what could you have said that was so persuasive . Masayoshi i said, you came to tokyo as the first man, i want to give you a gift. , a 1 to give you a gift trilli