Browse content similar to 05/01/2017. Check below for episodes and series from the same categories and more!
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The trillion dollar tech industry gathers in Las Vegas - | :00:00. | :00:26. | |
in search of the gadgets that will get it growing again. | :00:27. | :00:29. | |
Plus - polarising opinion - we find out what's behind | :00:30. | :00:32. | |
the scramble for lithium - and whether the boom | :00:33. | :00:34. | |
I'm Sally Bundock - also in the programme Alibaba cracks | :00:35. | :00:42. | |
We start in Las Vegas where thousands of technology | :00:43. | :00:53. | |
executives are gathering for the annual Consumer Electronics Show | :00:54. | :00:55. | |
It's the most important event of the year for the tech industry - | :00:56. | :01:00. | |
a chance for companies to show off the gadgets we will, | :01:01. | :01:02. | |
It's a huge business - and also an increasingly tough one. | :01:03. | :01:28. | |
According to the Consumer Technology Association - | :01:29. | :01:30. | |
which organises the Las Vegas show - we will buy gadgets worth close | :01:31. | :01:33. | |
The problem is the industry as a whole is not growing. | :01:34. | :01:38. | |
If it's accurate - that figure would be down around 2% | :01:39. | :01:41. | |
And it would be the the fourth year in a row | :01:42. | :01:44. | |
Smartphones are by far the world's most popular gadget - | :01:45. | :01:48. | |
accounting for half of all tech revenue - | :01:49. | :01:50. | |
but sales are expected to peak this year. | :01:51. | :01:52. | |
Well - it could be the year of wearable technology - | :01:53. | :01:57. | |
Revenues from wearable devices are expected to soar almost a third | :01:58. | :02:00. | |
this year - although still just a fraction of the overall market | :02:01. | :02:03. | |
And one of the biggest themes to watch - | :02:04. | :02:06. | |
artificial intelligence - more and more gadgets | :02:07. | :02:07. | |
are being given the ability to learn. | :02:08. | :02:09. | |
In a penthouse suite at a ritzy Las Vegas hotel, smart home exhibits are | :02:10. | :02:16. | |
on show. There is a smart speakerphone children were each toy | :02:17. | :02:26. | |
is a playlist. A voice activated door lock and upstairs, there is | :02:27. | :02:37. | |
even Nora described as a smart snoring solution. It detects me | :02:38. | :02:41. | |
snoring and moves just enough to stop me without making -- waking me | :02:42. | :02:47. | |
up. The big theme this year is turning the advances in artificial | :02:48. | :02:49. | |
intelligence into products. There are robots. This one is a shop | :02:50. | :02:58. | |
assistant and this one is designed as a companion for children or | :02:59. | :03:02. | |
elderly people. AI seems to get everywhere, even into this | :03:03. | :03:04. | |
toothbrush which learns how you brush your teeth. Artificial | :03:05. | :03:08. | |
intelligence is not just gathering data that is able to use the data. | :03:09. | :03:12. | |
Then you learn where your weaknesses are, where your strengths are and | :03:13. | :03:16. | |
the purpose is to become better at taking care of your oral health. | :03:17. | :03:21. | |
This walking stick is also smarter than it looks. An inbuilt mobile | :03:22. | :03:26. | |
phone Sim card can means you can help if you can have an accident. It | :03:27. | :03:31. | |
can detect the fault of its user and when it detects it, it will alert | :03:32. | :03:35. | |
the family or the neighbour. They can come and help these people. This | :03:36. | :03:44. | |
one helps anyone to try out make up -- this mirror. Out on the Las Vegas | :03:45. | :03:49. | |
strip, Danny Manu, an entrepreneur from Manchester, has just flown in. | :03:50. | :03:53. | |
His interest in translation headphones are not quite ready. They | :03:54. | :03:58. | |
will eventually be tiny earbuds that he is still looking forward to CES. | :03:59. | :04:02. | |
It is really important to us because we will be able to showcase what we | :04:03. | :04:07. | |
are working on to the whole world to show them it is something we started | :04:08. | :04:13. | |
years ago. A small start-up with dedication and passion. The odds are | :04:14. | :04:18. | |
against Danny, a 1-man bands taking on giants like Apple and Google but | :04:19. | :04:22. | |
like plenty of people here, he is betting that he has a product that | :04:23. | :04:24. | |
can change the world. Our tech page on our website is | :04:25. | :04:34. | |
dominated by this event. Rory and others are there. Follow them on | :04:35. | :04:35. | |
Twitter. Staying with technology - | :04:36. | :04:37. | |
and one of the vital commodities used in everything from smartphones | :04:38. | :04:39. | |
to electric cars is becoming Lithium has long been used | :04:40. | :04:42. | |
in batteries for small gadgets - but Lithium Ion batteries are now | :04:43. | :04:46. | |
also the dominant technology for electric vehicles - | :04:47. | :04:49. | |
and there's a scramble On Monday an Australian mining firm | :04:50. | :04:51. | |
sold a deposit of the metal in Mali - West Africa to a Chinese buyer | :04:52. | :05:03. | |
for almost 2000 times what it paid So is this the start | :05:04. | :05:07. | |
of a new commodity boom - Colin Hamilton is head | :05:08. | :05:12. | |
of commodities research This makes it sound like it is all | :05:13. | :05:31. | |
getting out of control. Please put it into perspective. We have seen | :05:32. | :05:37. | |
prices more than double over the course of last year. It is as new | :05:38. | :05:41. | |
energy vehicles and particularly electric vehicles have taken. We | :05:42. | :05:45. | |
have seen a strong growth rate and we are getting close to 1 billion | :05:46. | :05:50. | |
units of sales. That is still just 1.1% of the global auto sales but it | :05:51. | :05:54. | |
is expected to grow further. Looking at 30%. With that, the Chinese in | :05:55. | :06:00. | |
particular, are looking to secure supply because they don't have | :06:01. | :06:04. | |
enough lithium at home. There is also pressure on them to secure | :06:05. | :06:09. | |
supplies. It is because of policy in China, the government is pushing for | :06:10. | :06:13. | |
the use of electric vehicles? Killam China is the largest electric | :06:14. | :06:18. | |
vehicle market. -- China is the largest electric vehicle market. | :06:19. | :06:26. | |
They have been using cheap batteries thus far but now they are pushing | :06:27. | :06:32. | |
towards higher technology batteries. They need a higher lithium content | :06:33. | :06:36. | |
per battery. They need to secure the display -- supply. 80% of the | :06:37. | :06:42. | |
lithium comes from Chile, Argentina and Australia. You can eat extracted | :06:43. | :06:50. | |
low cost in Argentina. In Australia it is from rock so it is more | :06:51. | :06:54. | |
technologically difficult to process but it is also much nearer to China | :06:55. | :07:00. | |
and more accessible. In terms of those countries, Chile, Argentina, | :07:01. | :07:09. | |
they will be exporting it to China? China wants to buy the raw material. | :07:10. | :07:16. | |
They will let them process it into batteries. China wants to control as | :07:17. | :07:19. | |
much as the technological value chain as they can. The process won't | :07:20. | :07:24. | |
change. Yes, you will be selling lithium to China. Very interesting. | :07:25. | :07:28. | |
Thank you for coming in and sharing your expertise will stop we will | :07:29. | :07:29. | |
keep an eye on this year. To Asia now and ecommerce giant | :07:30. | :07:39. | |
Alibaba is moving to address US Alibaba were sanctioned in the | :07:40. | :07:56. | |
States? They are suing these two vendor is for selling counterfeit | :07:57. | :07:59. | |
goods essentially for the first time. This is after years of | :08:00. | :08:02. | |
accusations by US authorities that it and its online retail platform | :08:03. | :08:07. | |
soled high levels of a fake goods and of course as you mentioned, it | :08:08. | :08:14. | |
is coming shortly after the firm's blacklisted by an industry watchdog | :08:15. | :08:24. | |
in America. It is looking to curb the sale of counterfeit goods. They | :08:25. | :08:29. | |
have set -- suit these two unnamed vendor is for selling fake Swarovski | :08:30. | :08:33. | |
watchers and the law slot -- lawsuit claims just under $200,000 in | :08:34. | :08:41. | |
damages. They were found out during a test, by, purchase programme | :08:42. | :08:46. | |
Weather Watch as they bought were confirmed by Swarovski to be fake. | :08:47. | :08:54. | |
More than one on June 25 counterfeit watches were confiscated. | :08:55. | :08:59. | |
Rex Tillerson - the former Exxon boss chosen by Donald Trump for US | :09:00. | :09:03. | |
Secretary of State - will receive $180m to cut financial | :09:04. | :09:06. | |
ties with the firm if he gets the job. | :09:07. | :09:08. | |
The pay-out is aimed at addressing concerns he could favour the oil | :09:09. | :09:12. | |
giant, or his own interests while in office. | :09:13. | :09:14. | |
The 64-year-old Texan worked for Exxon Mobil for 40 years, | :09:15. | :09:16. | |
including in the US, Yemen and Russia. | :09:17. | :09:18. | |
His nomination has come under intense scrutiny over his perceived | :09:19. | :09:21. | |
close ties with Russian President Vladimir Putin | :09:22. | :09:26. | |
The price of petrol and diesel in the UK has risen to its highest | :09:27. | :09:29. | |
since July 2015, according to the motoring services company RAC. | :09:30. | :09:32. | |
The wholesale price of both fuels has risen significantly, | :09:33. | :09:35. | |
following the production cuts announced by OPEC. | :09:36. | :09:36. | |
Crude oil prices have doubled over the past year - | :09:37. | :09:39. | |
from under 28 dollars a barrel a year ago to 55 dollars this month. | :09:40. | :09:43. | |
The fall in the value of sterling since the Brexit vote has also | :09:44. | :09:46. | |
increased UK fuel prices, as oil is priced in dollars. | :09:47. | :10:06. | |
The three financial markets have said that have days progression in | :10:07. | :10:28. | |
an 80s. -- Asia. -- let's see how the financial markets are | :10:29. | :10:29. |