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Foundering

Amazon Part 2: The Obsessive Secrecy Around Alexa

Foundering

Bloomberg

Business, Tech News, Technology, News

4.71.1K Ratings

🗓️ 10 March 2022

⏱️ 36 minutes

🧾️ Download transcript

Summary

The Amazon Story

Transcript

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0:00.0

The Bloomberg Sustainable Business Summit returns to New York on October 5th,

0:05.4

featuring leaders driving innovation in sustainable business and finance.

0:09.3

Looking at the latest trends in green financing and ambitious ESG goals,

0:13.7

speakers include executives from KKR, Macy's, Green Giants, C-16 Sciences,

0:19.4

Environmental Defense Fund, and more.

0:22.0

Summit Advisor, Principal Financial Group.

0:24.4

Visit BloombergLive.com slash SBS and Y slash radio to learn more.

0:30.0

Jeff Adams is a computer scientist. In 2011, he was at a really tiny startup,

0:35.6

just 13 employees called YAP. They were working on technology that could transcribe voicemail

0:41.6

into text messages. And then one day, Jeff's very godmother showed up in the form of executives

0:48.4

from Amazon. We went to a show and some people from Amazon came and talked to us

0:53.2

and they might be interested in possibly even acquiring us. And I thought, that's absurd.

0:58.4

What could Amazon possibly be interested in speech for? Maybe they want you to be able to,

1:04.4

you know, call up on the phone and order a book.

1:07.9

Jeff figured the talks wouldn't amount to much, but over the course of the next few months,

1:12.2

they became serious. Naturally, he wanted to know why Amazon was interested.

1:17.6

They said, you know, don't ask. It's our business. And I thought, well, it's going to be

1:21.3

my business, too. And you might want to know whether we can do it.

1:26.5

But they wouldn't say anything. They said, I'm sorry, we're not at liberty to discuss any of this.

1:32.0

There was one hint that Amazon would give.

1:34.4

So one of the things they did let us know was that the guy who was kind of running this was Greg Hart,

1:39.9

who we knew was the right-hand person of Jeff Bezos. So they go to all the meetings with them.

...

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