HomeVideos

Bloomberg Businessweek Weekend - June 5th, 2026 | Bloomberg Businessweek

Now Playing

Bloomberg Businessweek Weekend - June 5th, 2026 | Bloomberg Businessweek

Transcript

1162 segments

0:01

This is Bloomberg Business Week Daily,

0:03

reporting from the magazine that helps

0:05

global leaders stay ahead with insight

0:08

on the people, companies, and trends

0:10

shaping today's complex economy. Plus,

0:13

global business, finance, and tech news

0:15

as it happens. Bloomberg Business Week

0:18

Daily with Carol Masser and Tim Stenc on

0:21

Bloomberg Radio.

0:23

>> Hi everyone, welcome to the weekend

0:24

edition of Bloomberg Business Week. This

0:26

week we were live at the Bloomberg Tech

0:28

Summit in San Francisco.

0:30

>> The summit brings together leaders

0:31

across tech and business. It brings

0:33

insightful conversations and connections

0:35

around today's cutting edge technologies

0:37

and how they affect business and beyond.

0:39

>> Today we're going to bring you some of

0:41

our favorite conversations from the

0:42

event. We'll hear from leaders across

0:44

the tech sector, including CEOs, tech

0:47

executives, and even a Grammy

0:48

award-winning rapper and producer. First

0:51

up this hour, we spoke with Samir Samat,

0:53

president of the Android ecosystem at

0:56

Google.

0:56

>> How do you position Android in the

0:59

United States versus how you position it

1:01

globally where it is more widely

1:03

adopted? Well, Android is an open-

1:05

source operating system which is really

1:08

great because it allows people to build

1:09

all kinds of different devices. So, of

1:11

course, we know that uh Android is

1:13

popular for phones today where there's

1:14

over, you know, three and a half billion

1:16

Android devices that are used every day.

1:18

It's the most widely used operating

1:19

system in the world. But Android is so

1:21

much more than phones. People use it for

1:23

cars. They use it for televisions. They

1:24

use it for uh for smart watches and all

1:27

kinds of new devices, including some

1:29

smart glasses that we're working on for

1:30

for later this year as well. So, it's

1:32

really become much more than phones and

1:34

it's a whole ecosystem.

1:35

>> How do you think about an operating

1:37

system within an AI world that is we're

1:39

still kind of figuring it out, right?

1:40

We're all finding our way here.

1:42

>> Well, it's a it's changing a lot. You

1:43

know, things are changing all around us.

1:45

And I think the way we think about this

1:47

moment is you we're moving from an

1:49

operating system to what I call an

1:51

intelligent system. Um, one that is able

1:54

to be more predictive, uh, and more

1:56

helpful in the moment for you. So

1:58

instead of, you know, making you the

2:00

micromanager of your device, which is

2:03

the way I think computing's worked for

2:04

40 years, it's you have the idea in your

2:06

head and you use a pointing device or

2:08

taps to take that idea and do all the

2:11

things you need to do to get things

2:12

done. in this new AI era, how can we

2:14

actually make the system much smarter?

2:16

So, you give it your intention, your

2:18

goal, and it can translate that into the

2:21

action that it needs to take to help you

2:23

get more done. Yeah, I want to push on

2:24

that a little bit because I I still

2:26

think when when right now when a lot of

2:28

people think about AI, they they equate

2:30

it with LLMs and they think about LLMs

2:33

not necessarily as, you know, uh clogged

2:36

code or or or helping us buy code, but

2:39

rather as glorified search engines and

2:42

that actually does search a lot better

2:43

than than we've grown up using. H how

2:47

what is the value proposition for an

2:49

ecosystem in the world of AI? because

2:51

you're explaining this idea of us being

2:53

more productive as a result of this

2:55

technology, but I don't even know what

2:58

that looks like. Is it predictive? Does

3:00

it know what we want before we want it?

3:02

Like what is it?

3:02

>> Which is gets a little creepy then

3:04

potentially potentially potentially. Let

3:06

me give you one simple example that I

3:08

used the new release of Android with

3:11

Gemini for recently on my on my uh Pixel

3:14

device, which is, you know, I had a list

3:16

of folks that are coming to a barbecue

3:17

that I'm holding and next to each person

3:20

I had how many people are coming in

3:22

their family. Are they vegetarian? Are

3:23

they not vegetarian? You know, the

3:25

normal thing you do when you're throwing

3:26

a party, you make this list.

3:27

>> But like where do you put that list?

3:28

Does that go in Google Docs or

3:30

something?

3:30

>> I think I just had it in an email that I

3:32

was writing to myself, you know, like we

3:33

all do sometimes. And I asked Gemini

3:36

working on my Pixel device, can you take

3:38

this list,

3:40

analyze it, figure out how many

3:42

hamburgers, how many hot dogs, how many

3:44

buns, and then go to Instacart and add

3:47

it all to my shopping cart, and then let

3:49

me check it out. Okay? And you know, it

3:51

took that, figured out all the

3:53

vegetarians, figured out all the things,

3:54

figured out how many people are coming,

3:55

how many kids, how many kids, and it did

3:57

it for me. And so that probably saved

3:58

me, I don't know, six, seven minutes.

4:00

You add that up multiple times a day

4:03

throughout all the things that we're

4:04

doing and that's really helpful.

4:06

>> Samir, what do you think in terms of the

4:08

conversations that we're having about

4:10

artificial intelligence? Cuz I do feel

4:11

like you and I were talking about this

4:13

at dinner last night. We're just

4:14

scratching the surface in terms of

4:15

certainly how we use it and how we need

4:18

to push ourselves to better understand

4:20

what this tool can do or eventually do.

4:23

Well, I think the most important thing

4:24

right now is uh for all of us that are

4:26

in the industry or even around the

4:28

industry is to make sure we have on

4:31

hands-on experience. You know, uh one of

4:33

the things we tell our our teams and I

4:34

tell my kids as well is we should engage

4:36

with the technology to understand how it

4:39

can help you and what the limits of it

4:40

are and it's changing so quickly. What I

4:43

tell folks is even if it wasn't able to

4:45

help you with something this month, put

4:48

a note for yourself and check back 3

4:50

months later because it's moving so

4:52

fast. What what I think is important

4:54

about your example is that you had the

4:56

initiative to actually ask Gemini to do

4:59

that. I think that the challenge in this

5:01

world is that a lot of people don't know

5:04

that LLMs like Gemini can actually do

5:07

that sort of thing. So they wouldn't

5:09

even know that with that example AI

5:12

could save them six or seven minutes.

5:14

How do you communicate that to to a a a

5:18

population that has no idea what this

5:21

technology can do? truly has no idea.

5:23

>> You know, in the beginning when these

5:24

interfaces came out, you had a chat

5:27

prompt and we didn't know what we could

5:30

type into it. And I think people do

5:32

discover over time by by trying things.

5:35

But most importantly, the software

5:37

itself, this is where the operating

5:38

system can be really helpful. You know,

5:40

you when you talk about an intelligence

5:42

system, it should be able to understand

5:45

from you what your intention is. You

5:47

know, what's my goal? What am I trying

5:49

to get done? Oh, I'm planning a party.

5:50

Okay. Well, did you know I can help you

5:52

with this? You know, and to prompt you

5:55

to do that and to to show you how that

5:57

it can assist you in that moment. And

5:59

that's a different kind of user

6:00

interface than what we've seen.

6:01

>> What I have noticed is with Google

6:03

search, it's it's actually pushing me to

6:06

Gemini within within web- based Google

6:08

search and it's becoming very natural.

6:11

So, it's sort of like I'm not starting

6:12

at Gemini. I'm starting at Google search

6:14

and then using it interacting with

6:16

search like an LLM.

6:18

>> Well, I'm glad it's helping you. I mean,

6:19

that's great. You know, we have we have

6:21

so many different tools that that that I

6:23

think are are there for folks. And I I

6:25

just want to uh give one small example

6:27

of one um called Notebook LM. And if

6:30

you're um if your viewers haven't

6:31

checked out Notebook,

6:32

>> people love this.

6:33

>> Yes. I mean, Notebook LM is one of my

6:34

favorites. And um you know, on the

6:36

Android app, for example, for notebook

6:37

LM, my son, who just finished finals, um

6:41

he was like, "Dad, can you help me study

6:43

for for the science final?" Um and I

6:45

said, "Sure." uh overly confident as I

6:48

am about this. And then he gave me the

6:50

material and I looked at it and I said,

6:52

"I haven't reviewed this in years, you

6:54

know, but tonight I have to do a study

6:56

session with him." So, I put it all in

6:57

Notebook LM. And it gave me an audio

6:59

podcast that I listened to on the way

7:01

home. And when I got home, I looked like

7:03

Super Dad, you know, because I could

7:05

answer these questions and go back. This

7:06

is where it starts to become helpful.

7:09

And I think it's all about in the the

7:11

purpose the the way in which we use this

7:14

technology in a purposeful intentful way

7:18

to help make our lives better. And

7:19

that's what we're trying to do.

7:20

>> So let's go there because last month

7:21

when you guys announced a bunch of

7:23

upcoming features for your Android 17

7:25

operating system, you made some comment

7:28

about there is a great concern about AI

7:30

for AI sake and we want to be very

7:32

purposeful. What does that mean? Well, I

7:34

I mean I think if you if you look at any

7:37

just go talk to people, the word AI has

7:41

become pretty overloaded and I think

7:43

people are they have mixed feelings

7:45

about it. Let's just put it that way. Um

7:47

I think what they really want is to not

7:49

hear about the technology. What they

7:51

really want is to hear about how is this

7:53

going to help me? Um, I gave the

7:55

notebook LM example, but you know, there

7:57

there's so many more that when you when

8:00

you talk about how this can help you, it

8:02

it it changes the conversation. I'll

8:04

give you one of my favorites from

8:05

Android. Android has a feature called

8:07

circle to search. Okay? And circle to

8:09

search is really simple. You'll hold

8:11

down the home button and then you see a

8:15

flash and at that point you can circle

8:17

anything on your screen. Let's say you

8:19

you have a celebrity on your screen

8:20

wearing a great outfit. circle it and

8:23

say shop the look and it bring Google

8:26

will go take what they're wearing and

8:28

figure out what the jacket is, what the

8:30

tie is, what all the different pieces

8:32

and bring back each of those to you so

8:34

you can figure out where to buy them and

8:36

if they're right if they're right for

8:37

you. There's a ton of AI behind the

8:40

scenes there. That's not the important

8:41

thing. The important thing is that it's

8:43

super helpful, packaged in a way that's

8:45

intentful, purposeful for the user to

8:47

help them get something done that they

8:49

couldn't do before. Samir, where do you

8:50

think AI impacts our world the most? Is

8:53

it in our personal lives? Is it in our

8:55

work lives? Is it everything? We keep

8:57

talking about what it's going to mean

8:58

for our health care and medical world.

9:01

Like where do you see it impacting our

9:04

world the most or will it be everything?

9:06

>> Well, I think there's a number of places

9:07

that it's already impacting our world.

9:09

But I think you know if you if you take

9:10

the the discipline of software

9:12

engineering for example, that's going

9:13

through a lot of change. I think

9:15

exciting change but also there are

9:17

people who are concerned changes you

9:18

know with that as well. I think in the

9:20

end it will be very productive and we're

9:22

going through that same change at Google

9:24

as well but I think if you look at every

9:26

industry there are amazing applications.

9:29

If you look at biotech there will be

9:30

amazing applications. If we look at uh

9:32

as you said healthcare you know there

9:34

will be amazing applications. I'm

9:35

wearing my new uh Fitbit Ace.

9:38

>> Yeah. If you're listening on radio

9:39

Samir's got a Fitbit on one wrist. It

9:41

looks like an Android watch. I have a

9:43

pixel watching

9:45

ring. He's got to check out what the

9:46

competition

9:47

>> you have any others to recommend all

9:48

ears. So I I I want to go back to this

9:50

whole idea of the ecosystem and and how

9:52

it relates to AI and Gemini and and and

9:55

the stickiness of it because I I I think

9:57

that's a a a part of the conversation

9:59

that really has has just recently

10:01

occurred to me and and I'm wondering

10:03

what advantage you think Google has

10:06

having Gemini as its own AI operating

10:09

system along with Android and that

10:12

working seamlessly across whether we're

10:15

talking about your Fitbit, whether

10:16

you're talking about an Android phone,

10:18

whether talking about a pixel watch uh

10:20

versus sort of third party LLM like uh

10:24

you know claude or chat GPT.

10:27

>> I want to say a couple things about

10:28

that. First um you know Android is an

10:30

open platform and so one of the things

10:31

that's a central tenant of Android is

10:33

choice. So Android is the only mobile

10:35

operating system where you can choose

10:37

your personal assistant. You can choose

10:39

the agent that's important to you. So if

10:41

you want Gemini, you can use Gemini. If

10:43

you want claude or something else, you

10:45

can choose that

10:45

>> and those will work equally well.

10:47

>> Yeah. The idea with Android is that it's

10:48

open and so you should be able to plug

10:50

in what's important to you. That's a

10:52

fundamentally important part of Android

10:54

and um and I think it's an advantage in

10:56

this world while things are moving fast.

10:58

From a Google perspective, of course,

11:00

Google competes with some of those

11:01

companies and I think Google has a

11:03

unique position in that it has a full

11:05

stack of of innovation that it's worked

11:07

on over over a decade from the from

11:10

silicon unique silicon in the data

11:12

center foundational models all the way

11:13

through to the operating system. And we

11:16

want to connect those things in ways

11:17

that are powerful and that help

11:19

consumers live uh live better lives.

11:21

That that's what we're doing. In fact,

11:22

recently we announced something called

11:24

Gemini Intelligence. Gemini Intelligence

11:27

is the best Gemini experience available

11:29

on the most premium Android devices. So

11:32

take a Samsung device or Pixel device

11:35

and that's really where you can

11:36

experience the best of that entire

11:38

stack. Do you think being open source

11:40

and being able to let users choose and

11:42

select what their agent will be will

11:44

give you guys longer term advantage?

11:47

Because I do think there's folks say

11:48

that at some point there's going to be

11:50

some shake out cuz we're not going to

11:51

need necessarily

11:54

every big LLM. Like at some point people

11:57

are going to financially we heard it

11:58

from the Cerebras CEO last night that

12:01

people are going to select kind of what

12:02

they need and why.

12:03

>> Well, I think that competition is good.

12:05

Um and I think that it's led to a ton of

12:07

innovation. I mean, look at all the

12:08

change we're seeing. That's fueled by

12:10

everyone competing, which is great. From

12:13

an Android perspective, the thing about

12:15

Android being open source and being an

12:16

open ecosystem, it means that we work

12:19

with many, many different partners.

12:21

>> That was Samir Samat, president of the

12:23

Android ecosystem at Google. You're

12:25

listening to a special edition of

12:27

Bloomberg Business Week. Coming up, more

12:29

conversations from our trip out west to

12:31

the Bloomberg Tech Summit in San

12:32

Francisco. I'm Jim Stenc along with

12:35

Carol Masser. This is Bloomberg.

12:40

>> This is Bloomberg Business Week Daily

12:43

with Carol Masser and Tim Stenc on

12:46

Bloomberg Radio.

12:48

>> Welcome back to a special edition of

12:49

Bloomberg Business Week. We are taking a

12:51

look at some of our conversations from

12:54

this past week when we were live at the

12:56

Bloomberg Tech Summit. Up next, we spoke

12:58

with Yoshua Benjio, founder and

13:00

scientific adviser at Mila Quebec AI

13:03

Institute. He's a leading expert of

13:05

artificial neural networks and deep

13:07

learning.

13:08

>> Professor, good to have you on the

13:09

program. You chair the International AI

13:11

Safety Report.

13:13

>> We'll just start there. Is AI safe?

13:15

>> No. That's the problem. We're building

13:18

systems that we don't know how to

13:21

control. They they they will behave

13:24

sometimes against our instructions. And

13:27

that is this lack of reliability is both

13:30

a scientific challenge and a problem for

13:34

deployment of AI.

13:35

>> So how do we okay if we use social media

13:39

as the example? We failed that

13:41

experiment. I think many would say that

13:43

we did not keep ahead in terms of

13:45

oversight regulations. We could go into

13:47

all the things that have gone wrong and

13:49

how it's impacted society. What faith do

13:51

you have that we get this right? And it

13:53

can't just be the US deciding or Europe

13:56

deciding. It's got to be a global work

13:58

or progress on this.

13:59

>> Absolutely. Safety is a global question

14:01

because a dangerous model, I mean, one

14:04

that can be misused in dangerous ways

14:07

like like Memphis, for example, could be

14:09

designed in one country and then

14:11

somebody in a second country uses it to

14:13

attack a third country and and you know,

14:15

so the Americans need to make sure the

14:18

Chinese models are not used against the

14:20

US and vice versa. It is a an

14:21

international question. Can I ask you is

14:23

it like um missiles and nuclear weapons

14:27

and that there will be a mutual

14:29

deterrence because everyone will be

14:31

proficient on some level when it comes

14:33

to AI.

14:35

>> There are analogies. Um, I think one of

14:37

the big differences is that there isn't

14:39

as much money to be made with nuclear

14:41

weapons as there is with AI, which means

14:43

the incentive structure is now pushing

14:45

companies towards going faster and

14:48

faster and not paying enough attention

14:50

to the safety issues and and you know

14:52

the public protection.

14:53

>> But but I think one thing that that I

14:57

think concerns a lot of people is that

14:59

okay, you could have let's just use

15:01

Anthropic as an example. You have

15:02

Anthropic and what they're doing with

15:04

with Mythos, but just because Anthropic

15:06

has that right now doesn't mean Deep

15:08

Seek couldn't have that 6 or 8 or 12

15:11

months from now or even something more

15:12

powerful.

15:13

>> That's right.

15:13

>> So it it doesn't matter if like one

15:15

country is doing things a certain way or

15:16

one company is doing a certain way if

15:18

the entire world

15:19

>> is not actually adhering to a certain

15:22

set of framework.

15:23

>> Exactly. That is why we need

15:24

international coordination. Initially

15:26

it's probably going to be just the US

15:28

and China. But at some point as other

15:30

countries are also you know beefing up

15:31

their capabilities it has to be

15:33

international.

15:33

>> What what keeps you up at night? Like

15:35

lay out the doomsday scenario for us.

15:37

>> Well there are like many catastrophic

15:38

risks because intelligence gives power

15:41

and that power could be in the wrong

15:43

hands could be used by terrorists or

15:46

countries which want to destabilize us.

15:48

It could be used even by the people in

15:51

power to create you know a dictatorship.

15:54

And we don't know how to make sure AIS

15:56

themselves will not use that power

15:58

against us.

15:58

>> But how? Like harnessing social media,

16:01

logging in like taking infrastructure

16:03

offline like like give us concrete

16:05

examples of what these entities could

16:07

do. So what the companies are worried

16:09

about right now are cyber attacks

16:12

because these AIs really have a lot of

16:14

knowledge of computing and

16:16

vulnerabilities and on their radar and

16:18

the evaluations are making is also the

16:20

use of AI to build dangerous viruses. So

16:24

you could think of people using AI to

16:26

create new pandemics. Um they're also

16:28

worried about what happens when AI

16:31

itself is used to create the next

16:34

version of AI. So AI doing AI research

16:36

and if we don't control these systems,

16:38

they could put back doors to create AIs

16:41

that are not like friendly to us.

16:43

>> Okay, now I'm now I am worried.

16:44

>> So in other words, you're talking about

16:46

AI that can think on its own and work on

16:48

its own.

16:48

>> Well, that's already the case. The whole

16:50

point of agents is that they're

16:52

autonomous. They have goals and they

16:54

work towards those goals. The real

16:56

question is who controls those goals? We

16:58

would like to be the ones in charge, but

17:00

right now we're we're not we don't have

17:02

the technical answers to to make sure

17:05

that's the case.

17:05

>> Joshua, do you regret then the work that

17:07

you did years ago?

17:09

I think I should have been seeing ahead,

17:13

you know, earlier that we were building

17:16

something that could become extremely

17:18

powerful and that we don't know how to

17:19

control and that it would impact

17:21

societies in which that currently, you

17:24

know, on the current trajectory could be

17:26

could be destructive.

17:29

>> So, okay, but here we are, right?

17:31

>> Yes. And it sounds like

17:34

>> it does feel very doomsday and scary,

17:36

but I do

17:37

>> and it also feels like it's too late.

17:39

>> No, it's not.

17:40

>> But and I want to talk about that, but I

17:41

also feel like there's a lot of

17:43

potential to do some great things as

17:46

well.

17:46

>> Yeah.

17:47

>> Talk to us about that side.

17:48

>> Absolutely. I've been working for many

17:51

years on how we can use AI to design

17:53

better drugs in medicine more broadly.

17:55

uh how we can use AI to design like

17:57

better materials for for batteries for

17:59

energy storage

18:01

and I know a lot of people working for

18:03

example in how AI can help agriculture

18:06

can even help democratic debate tools.

18:10

The question is the same power that

18:12

enables these things also enables for

18:14

example in the case of biology dangerous

18:17

uses to to that that could really harm a

18:20

lot of people. Do the potential

18:23

positives outweigh the potential

18:24

negatives?

18:26

>> Well,

18:28

there's so much we don't know here. You

18:30

have to weigh in the uncertainty

18:32

>> and like it's

18:33

>> because it sounds great to have better

18:35

medicine. It sounds great to have more

18:37

efficient batteries. It sounds great to

18:38

have an ecosystem where people are able

18:41

to learn more and do quicker and be more

18:43

efficient. But none of that matters if

18:44

the AI agents are going to kill us.

18:46

>> Yes. or if we lose our democratic

18:49

institutions and we end up in a

18:50

dictatorship. So these are

18:54

>> but we're already having like if I think

18:56

about democracy let's go there right

18:58

we're already having these kinds of

18:59

problems and this is a pre get worse

19:03

there's studies showing that AI is now

19:05

getting better than people

19:07

>> at persuasion other words making people

19:09

change their mind imagine this applied

19:11

to change political opinions to change

19:13

public opinion this is like shaking the

19:17

foundations of what democracy rests on

19:21

>> you know I I don't know you know people

19:23

talk about the new industrial like

19:25

revolution they make comparisons do we

19:27

have any comparison in terms of the

19:29

impact AI

19:32

>> agents know I mean as usual

19:34

>> it's something else that's that's

19:35

changed our world dramatically the light

19:37

bulb

19:38

>> as usual I think you know the past can

19:40

tell us things but you have to realize

19:42

we've never been in a situation where we

19:45

built technology machines that would be

19:47

smarter than us in many ways and and

19:49

it's already the case in you know

19:51

various domains and it's just growing.

19:53

There's there's nothing in history like

19:54

we built machines that help us

19:56

physically that have much more powerful

19:59

like muscle wise but brainwise this is

20:02

completely new.

20:03

>> We're speaking with Yosua Benjio founder

20:06

and scientific adviser at Milo Quebec AI

20:08

Institute co-president and scientific

20:10

director at LZero. It's focused on

20:12

building safer AI agents. The

20:15

productivity question is one that we

20:17

want to get to. the the investment

20:18

that's been made from a capex

20:19

perspective has just been so massive.

20:21

The promises are that this will actually

20:24

make us so much more productive and will

20:25

lead to to higher returns on investment.

20:29

Is that true?

20:31

>> I don't have a crystal ball but let's

20:33

say there are different scenarios about

20:35

how AI intelligence capabilities will

20:37

grow in the future.

20:40

I think the default is going to it's

20:42

going to continue on the same trend but

20:43

it could also saturate and then maybe

20:45

some of these promises will not be

20:46

organized. Um the other issue is even if

20:50

AI is more capable it doesn't mean that

20:53

it is behaving well. In fact there is a

20:56

like serious scientific hypothesis that

21:00

intelligence and the goals to which that

21:02

intelligence is put to use are like two

21:05

very different things.

21:07

>> All right. So we talk about races in the

21:10

world and this is certainly a tech race

21:12

an AI race right so it sounds like for

21:15

things to go better safer you've got to

21:19

have global collaboration so so what is

21:22

happening on that regard or what needs

21:24

to happen in your view based on your

21:26

knowledge you understand how this works

21:29

so what needs to happen to make sure

21:31

that we don't have AI taking over

21:33

>> I would say the most important thing

21:36

that needs to happen is better

21:38

understanding and awareness of what

21:39

we're talking about by the governments

21:42

around the world and of course China and

21:44

the US in the first place but but but

21:47

eventually you know many governments who

21:50

have researchers and companies building

21:52

AI as well because once we understand

21:55

the magnitude of the risks that we're

21:56

taking we'll sit down we'll sit down at

21:59

a table and negotiate

22:00

>> one of the things I want to go back to

22:02

what you said about productivity what

22:03

about the labor market like is it going

22:05

to create it's pretty tough for some of

22:08

those starting jobs I think of kids

22:10

coming out of college or like how what

22:12

does it mean for the global economy?

22:14

What does it mean for the labor force?

22:15

Does it create jobs? I mean building

22:18

data centers, yes, but what how do you

22:20

see it?

22:21

>> I mean the number of people needed for

22:23

data centers is peanuts compared to the

22:25

effect that AI could have on on the on

22:27

the job market. But the economists don't

22:29

agree. It it really depends on the curve

22:32

of advances in AI in the future. If it

22:34

continues at a current rate then yes

22:36

there will be massive automation coming

22:38

too quickly for society to adapt. Joshua

22:41

who who given the work that you've done

22:44

in this and understanding the potential

22:46

pitfalls of the technology names for us

22:50

who's doing this well who understands

22:52

the potential repercussions here I don't

22:55

name names I think there are a lot of

22:57

people who have good intentions the

23:00

issue that you know makes the current

23:04

dynamics

23:06

dangerous in some ways is the incentive

23:08

structure is the competition between

23:10

companies competition between countries.

23:12

>> So, so maybe let's I'll ask this

23:14

question a different way. What if what

23:15

if you could have Dario Ammed in a room

23:18

with Sam Alman along with Jensen Wong

23:22

along with the leaders of all the

23:23

hyperscalers

23:24

>> and then of course the leaders of the

23:25

Chinese companies as well. What would

23:27

you tell them? What do they need to

23:28

know?

23:29

>> So they know already,

23:31

>> right? they know what I'm talking to

23:33

tell them. Um, what they need to do is

23:36

to agree with each other on a set of

23:40

principles about safety and like careful

23:44

deployment of AI and they're already

23:46

talking about it. What they are asking

23:47

actually is governments to agree with

23:49

each other to make sure there's a level

23:53

playing field for all the companies so

23:55

that every company before they build and

23:58

deploy a very powerful AI needs to show

24:01

to the public to the governments that

24:03

their system isn't going to be like

24:05

dangerous in the wrong hands and and all

24:07

these issues we're talking about.

24:08

>> But are the financial incentives getting

24:10

in the way? The race is on. She's seems

24:12

like a business dilemma

24:13

>> and it's it's who can go fastest

24:16

>> and get it all done. So, does that

24:19

prevent it the right thing from

24:20

happening? Just got about 30 seconds.

24:22

>> Well, no. We we've dealt with situations

24:24

like this before. I mean, governments

24:27

have regulated things like drugs, you

24:30

know, trains, uh, meat, because if it

24:34

was just competition, we would end up

24:35

with, you know, dangerous food,

24:37

dangerous planes, uh, dangerous drugs.

24:41

But now we enjoy all these things that

24:43

are safe and useful because governments

24:46

have intervened.

24:47

>> So, in a word, yes or no, you're more

24:49

hopeful than worried?

24:52

>> Yes. Hopeful or no? I'm

24:55

I'm um I don't know. I mean I I I I feel

24:59

like it it's not my vision that matters.

25:03

It's the actions that we take

25:04

collectively.

25:05

>> That was Yoshua Benjio, founder and

25:07

scientific adviser at MA Quebec AI

25:10

Institute. Founder and scientific

25:11

adviser at MA Quebec AI Institute.

25:14

You're listening to a special edition of

25:16

Bloomberg Business Week. Coming up, more

25:18

conversations from our trip out west to

25:20

the Bloomberg Tech Summit in San

25:21

Francisco. I'm Tim Stanbec with Carol

25:23

Masser. This is Bloomberg.

25:29

>> This is Bloomberg Business Week Daily

25:32

with Carol Masser and Tim Stenc on

25:35

Bloomberg Radio.

25:37

>> Welcome back to our special edition of

25:38

Bloomberg Business Week. We were live at

25:40

the Bloomberg Tech Summit out on the

25:42

West Coast in San Francisco. Up next, we

25:45

speak with Rafie Creoran, chief

25:47

technology officer at Mosilla. People

25:49

know Mozilla as really the organization

25:51

behind Firefox. What are the

25:53

vulnerabilities though that Mythos

25:54

actually identified?

25:56

>> Yeah, I mean there's a bunch of them. A

25:57

lot of them had to do with being able to

25:59

break out of the browser itself and

26:01

actually execute code on your machine.

26:03

So like actually having JavaScript or

26:05

HTML come in and like just load it from

26:07

a web page and instruct the browser to

26:09

go do other things. So Mythos has been

26:11

very helpful for us to actually find

26:12

some of these really longstanding old

26:14

bugs and actually help us shut them

26:16

down. But what I noticed in the in the

26:18

blog post that that your team wrote

26:20

about this was that quote they wrote

26:23

quote we haven't we also haven't seen

26:25

any bugs that couldn't have been found

26:26

by an elite human researcher. So

26:31

was it as is it as powerful as everybody

26:33

says it is if if if a if a actual human

26:36

being could have identified these

26:37

things?

26:37

>> Yeah. No, I mean there's just a question

26:39

of just like how many elite human

26:40

researchers are there in the grand

26:42

scheme of things. So like, yeah, these

26:43

models are pretty powerful and they're

26:45

allowing us to do what like thousands of

26:47

these researchers could do instead of

26:48

just like six of them.

26:50

>> So would you have been able to identify

26:53

these with your own team?

26:55

>> We have a really good team. I think in

26:57

the fullness of time, yes, but like

26:58

allowing us to like rapidly accelerate

27:00

and just close out a bunch of stuff that

27:02

we didn't even know about.

27:03

>> So should we be freaked out about this

27:04

tech?

27:05

>> Yes, I actually think we should be. I

27:06

think we can like we'll be getting into

27:08

a world like once everything settles

27:09

down where things could actually be more

27:11

secure but like we're living in this

27:12

like intermediary zone. is the reason

27:14

why we should be scared because if

27:16

mythos is in the wrong hands they could

27:17

go to you know your bank and say uh okay

27:20

identify the vulnerabilities in you know

27:22

Rafy's account and then

27:25

>> they get access to your money

27:26

>> the bank the water company the power

27:28

company like all the critical

27:30

infrastructure of the world like I

27:31

actually have faith that the internet

27:33

folks will figure this out like we're

27:34

used to patching things and deploying at

27:36

scale like heart bleed when SSL had

27:38

problems

27:39

>> but I don't think my bank knows how to

27:40

do it like you said I don't think my

27:42

power company knows how to do But those

27:43

are like the other pieces of critical

27:45

infrastructure that I'm really worried

27:46

about.

27:46

>> I mean, you're CTO. You should tell

27:47

those CTO. Okay.

27:49

>> So, there are things that are happening.

27:52

Why isn't it happening more or is it and

27:54

where they're being caught or what?

27:56

Like, give us an idea.

27:57

>> Yeah. No, I think we need to have

27:58

actually a real large scale like Y2K

28:01

like effort to actually start closing a

28:03

bunch of these critical vulnerabilities.

28:04

And you know, many kudos to what

28:06

Anthropic is doing, but we need to give

28:08

access to more people like we need to

28:09

get access to all the open source

28:11

providers. We need to get access to all

28:12

the database providers and then we need

28:14

to fund them to actually start doing the

28:16

work. So not only do you need to clean

28:18

the bugs up, but then we also need to

28:19

start thinking about mitigation. Like

28:21

this is actually a large scale. Look,

28:22

think about how much work we did for

28:24

Y2K. Boards got involved, governments

28:26

got involved, insurance got involved. We

28:28

haven't kicked all those in yet.

28:30

>> Why aren't we doing that yet? Because

28:31

this is moving so fast. Is it just we're

28:33

is that it?

28:34

>> That's exactly the problem. I think this

28:35

is just moving so fast. like Mythos was

28:38

only really given to us in the like in

28:40

the in the winter time. It's only been a

28:42

couple of months, but the real question

28:44

is that open models are catching up. So

28:46

like I think it's only 6 to9 to 12

28:48

months when all the open models can

28:50

start doing what mythos are doing. So we

28:51

only actually have a small window of

28:53

time.

28:53

>> So then how do we get to a point where

28:57

you know you're sitting here with us a

28:58

year from now?

29:00

>> Mythos is going to be old news. Y

29:02

>> there's going to be some sort of next

29:04

model that is just that much better. How

29:06

do you how are you going to be sure that

29:08

it's a company that's you know quote

29:10

unquote responsible behind it like many

29:12

would say anthropic is being with this

29:14

roll out maybe too responsible in your

29:16

view um but how do you make sure that

29:19

it's not a bad actor who has this cut

29:21

>> yeah no I mean I think this is actually

29:23

where some government intervention might

29:25

not be a bad thing like actually making

29:27

sure that we put the right investment

29:29

into actually getting these things shown

29:31

deployed exactly the right

29:32

>> you've been to the post office

29:33

>> yeah I know 100% like

29:35

>> I mean And we but we do need to do all

29:37

this work across all the efforts. We

29:39

need to secure that post office too.

29:41

>> I don't disagree with you but I think

29:42

there are many people out there who say

29:44

this could be something that maybe the

29:46

free market would solve more uh

29:48

efficiently than a government

29:50

bureaucracy. You have experience in in

29:51

in in government sort of. So

29:53

>> no 100%. I mean in politics you have

29:55

experience.

29:55

>> I think the real problem is that public

29:57

sector infrastructure is not treated in

29:59

the same way. And so like we need to

30:01

figure out how to do the real investment

30:02

there. I don't think it's purely just

30:04

maybe a public private partnership

30:06

solves that but I don't think that's

30:07

purely a market problem.

30:08

>> Rafie you were the first CTO of the DNC

30:10

the Democratic National um committee

30:13

politics today we see the impact social

30:16

media

30:17

>> some goods some bad.

30:19

>> Sure.

30:19

>> Um on politics what about AI?

30:22

>> No I mean like I think about this a lot

30:23

like we living in this world where we're

30:25

like owners not renters on all this

30:27

technology like this techn like just

30:29

think about your search experience. It

30:31

used to be 10 blue links on Google and

30:33

now it's one result when I ask a chatbot

30:35

and it's a right result for somebody

30:37

like is it a right result for me? So I

30:39

really worry about this world where like

30:41

living in someone else's intelligence

30:43

all the time. What does that actually do

30:45

and how we think how we decide how we

30:47

buy all those kind of things.

30:48

>> Can we actually get ahead of that and be

30:51

better with it? I mean this is where I

30:53

really think we need to figure out how

30:54

to do open deployments and open

30:56

governance. Like right now the incentive

30:58

models are just such that like there was

31:00

a whole study based out of I think

31:01

University of Maryland where they just

31:03

asked a bunch of these chatbots to help

31:05

you buy something and they're vastly

31:07

weighted toward sponsored and promoted

31:09

goods. So like how do we make sure that

31:11

they're really on my side? I need to be

31:13

able to go into this, understand it,

31:15

tweak it, work with it as opposed to

31:16

just being delivered it. So we need to

31:18

start working at those kind of

31:19

questions. Now,

31:20

>> you you were talking a little bit about

31:22

your family earlier, and I'm just

31:23

wondering how how you as a CTO

31:26

>> and somebody who understands this

31:27

technology and the potential downfall

31:29

and and pitfalls of it rather, you sort

31:32

of have that diet, that information

31:35

technology diet.

31:36

>> I mean, can I tell you the pros and

31:37

cons?

31:38

>> Like, my 10-year-old is vibe coding

31:40

video games. Like, they're actually

31:42

unbelievable. Cute and stinky

31:43

production. They're like, it's like the

31:45

best thing ever. Um, and this is an

31:47

expression of creativity. my

31:49

13-year-old, I got a phone call from a

31:51

teacher saying, "I think you use Chat GP

31:52

to cheat on an essay." So, like, we do

31:54

need to figure out like how we actually

31:56

treat people. How do we do teach

31:58

critical thinking? Like, that's the

32:00

thing that's still missing. And that's

32:01

the thing I think we need to really home

32:02

in on. It's less about the tool, it's

32:04

about that critical.

32:04

>> So, how do you do it?

32:05

>> I think it's asking real questions. I

32:07

think it's having lots of conversation.

32:09

You know, the Pope is the encyclical

32:11

called it fasting from AI. So, like we

32:13

just need to figure out a way like we

32:15

need to teach them this new tech, but we

32:16

also need to just monitor and help them

32:18

like do productive struggle.

32:20

>> Um, we're being told we have one more

32:22

question with you and it's Twitter or

32:24

Uber.

32:24

>> So, go I say Tim's got to ask.

32:27

>> Yeah. I mean, you were you were at

32:28

Uber's advanced technology department.

32:31

This was like the precursor to

32:33

self-driving cars. It was this

32:36

department was killed a few years ago.

32:37

The promise was that you would have

32:39

driverless cars at at Uber.

32:42

the technology as it is today. I mean,

32:44

you walk outside of here, there are

32:45

Whimos going everywhere, not really in

32:47

New York City at this point, where are

32:49

we when it comes to just getting into a

32:51

car and it taking us where we need to go

32:53

and there's no steering.

32:54

>> I mean, it turns out to be a really hard

32:55

problem. This is one of the things we

32:56

learned, right? It turns out to be a

32:57

really hard problem to do generalized

32:59

self-driving, like to be able to drive

33:01

anywhere under any condition, under any

33:03

situation, like a city-by-city basis. It

33:05

seems to be working out like Whimos are

33:08

pretty good. You know, I recently

33:09

crashed my Tesla under full

33:11

self-driving. You did? I did. So, like

33:13

the Teslas clearly have problems. We

33:15

slammed into the wall at like 30 miles

33:17

an hour. Oh my god. And so, like we

33:18

there are clearly still problems with

33:20

all this technology, but

33:21

>> that doesn't sound like full

33:22

self-driving.

33:23

>> It doesn't sound like full self-driving.

33:24

I totally think that the Tesla

33:25

technology is not quite ready yet.

33:27

Whereas Whimo has been designed to

33:29

literally not have a wheel. The whole

33:31

human in the loop version of

33:32

self-driving I think is not the right

33:33

path that we should be going on and we

33:35

should be thinking about just like

33:36

actually tackling the real problem head

33:38

on.

33:39

>> 20 seconds left. What's the question we

33:40

should all be asking ourselves in this

33:42

environment today?

33:43

>> Yeah. I mean the question is like how do

33:44

we make sure all these technologies

33:45

we're deploying are actually on our side

33:47

not on someone else's side. Like I want

33:48

to live in a world of 7 billion AGI not

33:51

seven AGI. How do we get there?

33:53

>> That was Rafi Cororan chief technology

33:55

officer at Mozilla.

33:56

>> From silicon chips to platinum records.

33:58

Our next guest is a multi- Grammyinning

34:00

producer, rapper, and recording artist

34:03

who has spent over a decade engineering

34:05

the soundtrack to hip-hop culture.

34:07

Producing hit songs for artists

34:09

including Jay-Z.

34:11

What is Jay-Z? Producing hit songs for

34:14

artists including Jay-Z, Kanye West,

34:17

Kendrick Lamar, and Travis Scott. Here's

34:19

our conversation with Hit Boy.

34:21

>> So, this is all about technology. How

34:23

are you thinking increasingly about

34:25

technology and its impact on music?

34:27

Well, I started in uh music like using

34:31

tech. I used a program called FL Studio.

34:33

It was called Fruity Hoops back in the

34:35

day, but it's FL Studio now. And you

34:37

know, some of the biggest hits of our

34:38

generation in hip-hop and just popular

34:41

music have been made on FL. But when it

34:43

first came out, people were kind of

34:45

like, "Oh, it's just like a computer

34:47

program. It's not serious music making."

34:49

But, you know, tech is a it's always

34:51

going to advance mankind.

34:52

>> Is that where we are with AI today?

34:54

because people could actually just

34:56

create, you know, what they think of as

34:59

>> you know, Fruity Loops using AI.

35:02

>> Is that music?

35:04

>> It is. It's music for sure. You know,

35:05

you still have a person having to prompt

35:08

it. It can't just press a button and

35:09

prompt itself. So, just, you know,

35:11

imagination I feel like is at an

35:13

all-time high. If you have a great

35:14

imagination and you use that in your

35:16

work, you going to succeed.

35:17

>> But, but here's the thing. Isn't it all

35:18

trained on music that's already out

35:20

there? So,

35:21

>> well, not all of it. you know, there's

35:22

some people that train it on certain,

35:24

you know, different ways, but, you know,

35:26

however it's done, like I feel like, you

35:28

know, when MIDI came out, the the person

35:31

that studied the keyboard or piano for

35:33

20 years and learn grooves and melodies

35:35

was like, "What is this MIDI thing? You

35:37

can just import notes and then make it

35:39

sound like me, like, you know."

35:41

>> So, you're not worried about a loss of

35:42

creativity in this era? Not at all.

35:44

>> It's a boom. Isn't all music even

35:47

created without technology just drained

35:49

on all the music that we've kind of got

35:50

in our brain?

35:52

>> 1 million%. Yeah, for sure.

35:54

>> Hey, talk to us about We want to go back

35:55

to Universal. 18 years, right?

35:57

>> 18 years. Yeah.

35:58

>> Um, but you decided to go off on your

36:01

own. How did that change what you can

36:04

do?

36:05

>> Man, I feel like I've been uh just

36:07

empowered to the maximum

36:09

capability. like, you know, just like

36:12

being in that deal for 18 years, I

36:13

always kind of felt like I had a black

36:15

cloud over me. And as many hits as I did

36:17

make, I still feel like I wasn't in my

36:19

complete right mind because that was

36:21

always lingering. But now I'm completely

36:24

free and I got all these tools and all

36:26

these this knowledge I've gained over

36:27

the years. I feel unstoppable. So, what

36:29

did that relationship prevent you from

36:31

doing?

36:32

>> From

36:34

making the amount of money I should have

36:35

been making and uh just progressing

36:37

through my deal for, you know, the

36:39

amount of work I put in.

36:40

>> But was it the right thing for you early

36:42

in your career?

36:43

>> I guess so, cuz I'm here right now on

36:45

Bloomberg, you know what I mean? So, you

36:46

know, the hustle, the struggle, the

36:48

grief, you know, the grief, like it just

36:50

it it led me to this place where I'm I'm

36:52

just like I feel powered up, you know.

36:54

Tell us tell us about this solo album

36:56

that you've got coming out. Software

36:58

update.

36:58

>> Software update.

36:59

>> I love the name. Tell us though like

37:02

what this means to you.

37:03

>> It's beyond just the music, you know.

37:05

It's like updating yourself as a person,

37:07

just moving better, dressing better,

37:08

living better, whatever it is to update

37:10

yourself, you know, on a daily basis. Do

37:12

that, you know, working out, whatever it

37:14

is, eating right, like just, you know,

37:16

that you got to update the software just

37:17

like a computer.

37:18

>> What's it like going from somebody who's

37:20

known as a collaborator? You know, Carol

37:22

mentioned a few of the people you've

37:23

worked with, Jay-Z, Beyonce, North

37:24

Drake, and more to doing this to to to

37:27

doing this solo project.

37:29

>> To be honest, it doesn't feel any

37:31

different because I'm just a creative. I

37:32

get the same excitement and the same

37:34

high when I'm making a beat as if I do a

37:37

verse or if I engineer for a big artist.

37:39

Anything I do creatively that gives me

37:41

that spark, I'm enjoying it, you know.

37:43

>> What's a message you would like to send

37:44

to people with this album? Just got

37:46

about 30 seconds here. um lock in,

37:48

update your software, you know, just

37:50

look inside every day and just look in

37:52

the mirror and get better.

37:54

>> Hey, very briefly, is um YouTube what

37:57

MySpace was to you in the beginning of

37:58

your career? 10 seconds.

38:00

>> Yeah, I would say so for sure. You know,

38:01

I could just fire off as much as I want

38:04

to on YouTube.

38:05

>> That was Grammy award-winning rapper and

38:06

music producer Hit Boy. And that does it

38:09

for this special edition of Bloomberg

38:10

Business Week, focusing on our favorite

38:12

conversations from the Bloomberg

38:13

TechSummit out there in San Francisco.

38:16

Stay with us. Today's top stories and

38:17

global business headlines are coming up

38:19

right now.

Interactive Summary

This episode of Bloomberg Business Week features highlights from the Bloomberg Tech Summit in San Francisco, focusing on the transformative role of Artificial Intelligence. Key guests discuss the evolution of the Android ecosystem, the critical need for global AI safety regulations, the security implications of AI models in infrastructure, and the impact of technology on creative industries.

Suggested questions

4 ready-made prompts