That really how you suggest you just hold the camera down by your side like it's off?

Okay, Okay.

They're very strict about no camera policy.

It's so busy.

A lot of the parts of your remanufactured recycled.

Some are new.

Some are fake replacement batteries and screens for Samsung tablets.

Backings for Samsung tablets.

When you see back over there, see those big chest of safe over there, all cash.

If you want to buy cases for your iPhone to sell like me, you can buy empty boxes.

These are just empty boxes are selling.

So this this woman is selling iPhone five seeds.

Those are not new but authentic.

They're used and recycled, and the guy here swapping out parts casually all the tools you need to repair phones like the vacuum chambers, the wire cutters to remove the screens, Jigs to, like hold everything in place in the lineup.

The screens, the incessant cracking of packing tape.

That's a sign of a deal closed.

And then you pop out here in suburbia.

Welcome to the suburbs.

Oh my gosh, I love singer.

You can't talk bad about singer Xinjiang started from a fishing village from 300,000 to 10 million.

14 million.

20 million.

No cities in the history of human civilization as we know who is able to do this is creating more millionaires than any other cities in China.

They can do everything the factory of the world that follows on from the stand.

This in Europe, us anywhere else.

You about nine months behind us when we come.

Technology and that just affect the model that has been developed in Shenzhen can actually be quite frightening for models that had already been established and very successful in other parts of the world.

I do think that the core tenants of sharing I P that they have is extremely enabled.

It's a cultural change.

It will take a while.

But the future is possible.

Mhm.

It's not that Silicon Valley got divorced from technology.

They're very much about technology.

They just they just kept moving up the stack.

And the key thing that drove that, in my opinion, was Moore's law.

Mhm.

Moore's law is named after Gordon Moore, who was one of the founders of Intel in like 1960s.

He came out with a paper.

He predicted that every two years I believe it was the number of components to get fit in.

The same piece of silicon would double So in one year you could fit 10 transistors in here.

Two years there will be, like 20 and 40 a decade on.

You're talking about like millions and then billions.

Imagine you have a printer and you're printing pages and you want to be more efficient.

Well, you go from 12 point font to a six point font, feeding twice as many characters in one page, and you're getting twice as much information on your printer all in one go.

And that's literally.

All Moore's law has been is reducing the font size of circuits.

Yes, In the 70s and 80s, there are many field research attempts to build parallel computers.

Computers that were like, you know, the cray machines and the thinking machines, 60,000 processors and scale up.

And what you found was that if you spent more than two years of research time to try and double the performance your computer, it was by far cheaper just to sit back and wait and let guys like intel just Move Moore's law ahead and by the next fastest processor.

So what you found was that actually, being in hardware wasn't profitable, so it really sold products back in the day was features.

One of the things you can do with Windows 98 is similar to the Web.

You can navigate on your hard drive, using the backwards and forwards buttons just like we would on the Web, the first generation windows that would come out and a new generation to be so slow it would be completely unusable.

And then two years later, like Oh, it's actually kind of okay.

And then four years later, it's like zipping along.

It's not because Microsoft made it faster.

Computers got faster for free.

Mm.

And so people are able to now not have to worry about writing detailed stuff in C code.

They could use high level languages.

They're able to use like Web pages and in JavaScript comes along.

And with all of that sort of fervor going on and people chasing that innovation, there was no value in suffering parts.

There really wasn't 1983.

Worldwide sales of personal computers increased 76%,, But last year the increase was only 19%, and this year, analysts predicted sales growth will slow to about 4%.

Losses among the two largest home computer makers through June of this year surpassed $600 million.

In that building of stuff had to go to an economy where people were paid a lot less.

And what you see is now that Silicon Valley whole tech ecosystem is sort of like driven as far as the road goes.

And now Moore's law sort of end is ending or ended, and the car is still kind of gliding off the cliff, right?

But there's no more road underneath it and and they're like, huh, like, computers just aren't getting that much faster anymore.

And and so now you're seeing people going through a phase of optimization, which is great, but at the same time, people are like, Okay, well, how do we differentiate my product?

Right?

Like optimization sucks.

That's not a great business model is now we have supercomputers in our pocket.

Now the question is, what do we do with it?

Right and what does that thing in my pocket and I already do, And so people are realizing there's niche markets for hardware.

We need to have a small accessory You're gonna have, like my Fitbit, all these little things, little digital locks, my smart homes, my sensor networks, the Iot sort of stuff coming up.

And they say, Great.

We need to figure out how to build this.

And now they're coming back to this ecosystem and be like, Oh, you guys know how to solder?

We forgot about that.

That's really good.

Can you help us build these things?

Uh, what should we say?

Okay.

Mhm.

Mhm.

When I was 18, the first time I go to U S, I used a trashcan and, like, uh, would vacuum cleaner feel the very first thing found, robot, You want a robot?

That's just like you are slightly better.

So you always feel television?

I dropped out from university after first year of college.

I decided to go for this path.

And it's really nice to be in hex because hexes are the best educator and help you grow.

God taxes a hardware accelerator, the world's first hardware accelerator.

We take teams that come in with a proven technology in a prototype and help them to get ready for market launch.

We provide $100,000.

We help them with electrical engineering design for manufacture, industrial design, mechanical engineering, Their market strategy.

How they're going to launch.

For that, we take 9% equity in the start house.

I'm Thomas, uh, co founder province.

So and I drove in.

So we make a big robots.

We use kind of special joystick.

It's usually used in surgery.

These things, it's a force feedback joystick.

The market that we targeted, the one of nuclear Decommissioning.

And what you can see here is a small version of a robot and now attacks.

We are building the very big version so you can compare the wheel size that will be something quite huge.

The bigger version of the robots.

We transport a robotic arm to automate some of the part of the Decommissioning work she engines, as everybody now knows, the hardware capital of the world.

Right.

So this has been our home ever since the start.

The reason we can come here and take the teams here is because of the ecosystem around, which helps them to build products really fast and from initial concept all the way up to the final product release into the market.

Nora is a headphone company.

We're making the world's first tunable headphones.

They work out how you here and provide the perfect music for you so I can show you here, um, the hearing profiles of my colleague Luke and my hearing profile.

What you can see is that there is this difference at certain frequencies between the way that Luke is sensitive to that particular note or sound the way that I'm sensitive to it.

What are headphones do is sonically mold the sound and make sure that what we hear is not to Basie.

It's not to Tremblay.

It sounds balanced.

It sounds even, and it sounds the way that it was recorded.

Anybody who's going through research and development, they're better off doing it here because they can get things made so much quicker and so much cheaper.

You try doing something like that in the UK or take you around a month, typically to make something which is specialists from an engineering firm here you can do in a couple of days.

Let's say we completely designed a new robot.

We can get it out pretty much in a week.

Even if there's 10 parts, we can send it out or we can do it ourselves.

So you can 10 3 D printers to print at the same time and you get all the parts, put it together and just fire.

I've never seen any prototyping like that when we were in states for for some of the Senate ports we can order in the morning and then we get it in the afternoon or the day after.

We can get manufactured part and in a few days in Switzerland.

We were planning to do this from out in nine months, and here we have the opportunity to to make it in in three months.

So it's really a race if you look back through the years.

Obviously, Shin Jinn.

It became a manufacturing hub very, very quickly, and not that long ago was literally rice paddies, academic wise and in popular media.

It's usually summarized in one sentence, which is that Shenzhen was a small sleeping fishing village, and then because it was designated as a special economic zone, it became a metropolis overnight.

That singular sentence is what I'm trying to demystify through my work today, exactly how many people lives in Shenzhen is a mystery.

The number 10 million is used more as a reference.

So from 300,000 to 10 million, this population grows.

No cities in the history of human civilization as we know that was able to do this.

Prior to 1980s, China was in a very poor economic state.

There was a stagnation of industry.

There was a planned economy.

No one was allowed to own business.

It was a very poor country.

The leaders in Beijing have been thinking about what can they do to try to lead the country out of poverty?

Okay, 4.1?

Uh huh.

I don't want you to be, Uh huh.

And I do.

And the 4th 1, they set up the four special economic zones, each of them next to a already developed economy.

The ambition was simply what can the country do to generate jobs to generate, um, economy to feed the people?

Essentially, it was a very actually modest intention.

Under the planned economy, that was a social safety net.

Every person was rationed with food coupons, clothing, coupons, electricity coupons.

It was only in Shenzhen.

You can buy a piece of bread with money to be willing to condition to into the special economic zone to try to create something else.

It attracted people who wanted to have more freedom.

General.

Uh huh.

You were sent to an English doctor.

Doctor Jordanian, something use selection.

So, to the penguin's doctors food, that should be enough Jewish.

Do I drink for the trunk?

Uh, go by the magician, huh?

2 1 for the water.

I'm just what to me?

What's remarkable about Shenzhen is that even the planners themselves would tell you that the city evolved in a way much bigger and faster than they would have predicted.

I think it's it's overly generous, this thing, that Shenzhen was nothing.

And then with this set up special economic zone, suddenly it became a city.

It didn't.

There is something else that's not answered simply by top down planning.

I think for the past 100 years, the industrial revolution put us into small cages.

Hundreds of years of consumerism has killed a lot of creativity.

We have been investing in open source solutions because we know that when there are standards and when there are open source offerings, that the pace of technology, innovation and the pace of technology.

Adoption accelerates China's middle class is beside the entire United States population.

So even if a small section of Chinese people had risen to the upper middle class, it's big enough to create a movement in China itself.

That whole movement is now making more sense to me.

Mhm, Mhm, mhm, Mhm, yeah.