Unfortunately the dry air in Las Vegas leads to chapped lips and a lack of wittiness. Carry on.
Verizon CEO Hans Vestberg. Photo: Steven Ferdman/Getty Images
Verizon CEO Hans Vestberg isn't ready to ditch the telecom company's media unit, but he tells Axios it will have to make money without leveraging data from the company's wireless and wireline subscribers.
Why it matters: This is a sharp departure from the company's original premise for buying Yahoo and AOL: that Verizon could use its detailed data on subscribers to take on Google and Facebook, which together dominate digital advertising.
In an interview with Axios, Vestberg says the former AOL and Yahoo businesses "need to survive on their merits."
"We're not trying to mimic a Facebook or Google. We don’t think that's the right way to do that."— Hans Vestberg
By the numbers: Verizon doesn't break out the profitability of its media business, but it said in November that the unit wouldn't meet its goal of becoming a $10 billion-a-year business by 2021.
He has already started making other changes. Late last year, Vestberg implemented a strategy he calls "Verizon 2.0." The effort includes:
Why? The changes are designed to help the company fully take advantage of the next generation of cellular technology. 5G is just starting to reach consumers, but over time has the potential to create whole new lines of business.
Go deeper: Read the full story here.
Perhaps the single most surprising thing at CES this year has been the degree to which consumer electronics giants have accepted that the tech universe is bigger than themselves and they need to partner with one another.
The most obvious example of rivals teaming up is Apple working with Samsung to enable iTunes video playback on Samsung TVs. (It's also working with LG, Vizio and Sony to include AirPlay and HomeKit support on their TVs.)
The big picture: In recent years most of the hardware makers have been pursuing their own efforts with regards to both AI and home networking, leading to significant fragmentation. Working together makes the notion of a smart home a lot more practical.
HS Kim. Photo: Samsung
Samsung used its CES press conference Monday to announce its entry into the robotics business. At the tail end of the hourlong event, it showed off several prototypes, including an exoskeleton that augments human muscles as well as more modest home devices.
In an interview with Axios, Samsung consumer electronics CEO HS Kim says the company has built the platform to power its robots program, but actual products will take more time.
Why it matters: The Korean electronics giant sees robots as a natural evolution for both its appliance and mobile businesses.
Perhaps the funniest moment of the daylong spate of CES press conferences came as a Qualcomm executive was touting the company's work to integrate Amazon's Alexa into the automotive dashboards of the future.
Alexa blurted out,"No, that's not true," as the executive was discussing the technology and the market. This prompted another Qualcomm executive to suggest not asking Alexa for any more input.
Watch here: Analyst Lulu Jiang managed to capture the moment on video.
This proposal is so great — and so Canadian.