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panamanianfrom a company show the use of michelle companies shell companies. i m mark crumpton. bloomberg west is next. emily: i m emily chang. this is a special edition of bloomberg west. we are in district tall. we will be spending the next to the techiving in companies that call boston home. now the city is getting another huge boost from ge as it fromates its headquarters connecticut to boston s growing seaport district, not far from where we are now. mind ofhapes the current tech leaders but the city is working to improve its elf. i want to start with a look at venture capital and the funding environment because a number of top vc s are based here. from nass challenge a not-for-profit headquartered in boston our guest. $5 billion with over $500 million in revenue. and my cohost for the hour gentlemen, thank you for joining us. so, i will start with you. you have been on the show before. it is good to be in your neck of the woods. you guys invested in ....
48 hours, beginning tomorrow. the brazilian parliament has in the older the impeachment vote against dilma rousseff. the papers from a panamanian company show the use of shell companies. i m mark crumpton. bloomberg west is next. emily: i m emily chang. this is a special edition of bloomberg west. we are in district hall. we will be spending the next three days diving in to the tech companies that call boston home. now the city is getting another huge boost from ge as it relocates its headquarters from connecticut to boston s growing seaport district, not far from where we are now. how it shapes the mind of current tech leaders but the city is working to improve itself. first, i want to start with a look at venture capital and the funding environment because a number of top vc s are based here. joining us, from mass challenge a not-for-profit headquartered in boston our guest. they have raised $5 billion with over $500 million in revenue. and my cohost for t ....
course, first earnings out since spinning off pay about paypal. it looks like the spinoff has been a good thing for paypal so far. role at della big world as well. what is your take on some of the numbers? it is impressive. we are entering this area where we are seeing more and more numbers coming out about online shopping. the number of people who will spend online this year is expected to rise by a significant amount. providesof site that that kind of capability is going to be a big deal. the challenges how do you compete against an amazon? it is sort of like the replacement for classifieds. when you think about the role people have a lot of things they need to sell. ebay is a place to do that. they have brought on a lot of retailers and there are people who do look for alternatives to amazon. a lot of potential growth for them outside the u.s. emily: shares are up 8% in after-hours. what does ebay become without paypal? is this just an auction site? challenge. ....
here. our next guest is very exciting to have him join us on the stage. uri and i talked a little bit about a.i.. elon s not a fan, uri is. either way, the future is here. so please welcome to the stage dr. john kelly from ibm and our moderator, alex wilhelm. okay. so we re going to try to be different today. we re going to do a live demo which i props you works this morning promise you works this morning. we ll see. what we re about to see and why do we care? well, alex, what you re about to see is something that no one else has ever seen other than people deep in my research labs. many of you remember watson, the artificial intelligence machine, on the game of jeopardy. at the time it was an open domain, question and answer system at the forefront of artificial intelligence. fast forward to today, what you re going to see is watson has ingested all of wikipedia and not only answers questions, but reasons over that and form opinions on any subject. okay ....
announcing i am running for president of the united states. [applause] cory: a person for later with the matter says ted cruz s wife is taking an unpaid leave of absence from her gig as managing director at goldman sachs to help him run his campaign. the federal reserve s vice chairman, stanley fischer says a hike is coming. here he is at the economic club of new york. the interest rate is expected to lift off for the end of this year as the normalization of monetary policy gets underway. the extraordinary monetary policy the fed has undertaken in response to the crisis has contributed importantly to the economic recovery. the economic recovery has taken longer than we expected. cory: he also said subsequent increases would not be uniform or predictable. data shows the u.s. housing market is struggling to gain traction as sales of previously owned homes rose to an annual rate of 4.9 million. the national association of realtors says low supply and higher prices are ke ....