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Transcripts For BLOOMBERG Bloomberg Technology 20240713

Makes their company ceo. Their company so unit. So unique. Silicon valley is listening to your most intimate moments. It is the focus of bloomberg businessweeks indepth piece on how the Smart Speaker praise users vulnerable to the conversations being transcribed. Here with the story including the devices and use of contractors to transcribe those attimate conversations is m in seattle, sarah from San Francisco, and austin from new york. Let me start with you come austin. The management with you, austin. We spoke to dozens of transcribers and contractors in the stories. Everywhere from ireland to india. They really had ethical quandaries with the service, they were eavesdropping on a lot customers toexa improve speech recognition capabilities. Is really fascinating thing the profound disparity you mentioned. A lot of the contractors felt this was ethically dubious. The Silicon Valley folks that we talked to really did not think this was such an issue at all despite years of privacy issu

Transcripts For BLOOMBERG Bloomberg Technology 20240713

And a scathing report prominent shortseller andrew left of citron slaps a 5 price target on peloton. Well hear from left. But first, to our top story. Silicon valley is listening to your most intimate moments. It is the focus of bloomberg businessweeks indepth piece on how the Smart Speaker craze left users vulnerable to their conversations being transcribed. It was one of the most read stories on the terminal on wednesday. And here with the story, including the devices and use of contractors to transcribe those intimate conversations, is matt in seattle, sarah from San Francisco, and garrett and austin in new york. Let me start with you, austin. Contractors in your story seem to have a problem with this, while the management of big tech didnt. Why . We spoke to dozens of transcribers and contractors in the story, everywhere from ireland to india. They really had ethical quandaries with the service. They were eavesdropping on a lot of siri or alexa customers in order to improve the sys

Transcripts For BLOOMBERG Bloomberg Technology 20240713

Called it chinas best detective. We will hear from her after tictoc has said it is made changes. A Software Company beats thirdquarter earnings estimates across the board but after hours, shares are falling. We will break down the numbers. First to our top story. The shakeup at alphabet. The cofounders step down from the parent company. Investors responded by sending shares up on the company about 2 . To discuss, dan morgan, senior portfolio manager. Also with us mark bergen who covers the company. We spoke care about 24 hours ago. Remind us again if this is the right time to be taking over both companies. Wall street thinks so. Hes been running google since 2015. Alphabet, for all intents and purposes, is google. 99 of the revenue comes from google. Wall street had been uncomfortable with the expenses founders have made and bigger bets that have not panned out. This might be a sign that there is professional management at the helm. From employees, i have heard mixed results. Some say

Transcripts For BLOOMBERG Bloomberg Technology 20240713

From that period. And tesla owners, they are talking in part two of a bloomberg expansive study, thousands of model three owners. We examine whether parts and services are up to parts. Twitter announces it will stop all political ads on their platform, with the ceo saying its not about free speech. Its about paying for reach. That sentiment wasnt echoed by facebook as they reported earnings and reassured their stance when it comes to political ads. Facebook Ceo Mark Zuckerberg stayed on brand during the Earnings Call. Mr. Zuckerberg i expect this will be a very tough year. We try to do what we think is right, but were not going to get everything right. This is complex stuff. Anyone who says the answers are simple hasnt thought long enough about the nuances and challenges. I get that some people are going to disagree with our decisions. I get that they may have a negative impact on things they really care about. But i dont think that anyone can say that were not doing what we believe or

Transcripts For BLOOMBERG Bloomberg Technology 20240713

They have to say about what elon musk is doing right and wrong. And facebook and Apple Employee post facebook and apple earnings. More on what wall street wants to hear. And a chipmaker reported thirdquarter earnings that met top and bottom my expectations, including inline fourthquarter revenue forecasts, suggesting the number two maker of computer processors is gaining on rival intel. Covers this for us. Falling in after hours trading. With the former guidance a little bit light . Ian about 50 million, but nothing to panic about. The stock was up. Also, with the forecast, there or thereabouts, we are talking about growth from one year ago, so that is obviously not bad. To workut so much money in the stock, and they did not get any upside. Taylor well, and they have put a lot of money to work. My bloomberg terminal showing it is up about 14 yeartodate. How much of this was expectations really high, and how much was good news from the company we got today . Perfect mixture of people ge

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