Insights on Tech and Business From Code Conference 2017

Insights on Tech and Business From Code Conference 2017

Image credit: Recode

Code Conference 2017 began May 30 and will run through June 1 at the Terranea Resort in Rancho Palos Verdes, Calif. Some of tech's most prominent figures are in attendance sharing their insights on what's happening today — and what's next. We've summarized some of the interesting tidbits below and will update this page as more speakers take the stage.

Big-name VC says self-driving cars will lead to job boom

Marc Andreessen, one of Silicon Valley's most high-profile venture capitalists, said we shouldn't be concerned that self-driving vehicles will lead to a loss of jobs. Just the opposite, the co-founder of VC firm Andreessen Horowitz argued at Code Conference 2017.

Related: Study: $5,000 Is the Self-Driving Car Sweet Spot

He compared it to the rise of the automobile industry, which people at the time worried would put those who worked with horses and carriages out of work. It did, but the prevalence of cars led to a boom in manufacturing as well as paved roads and a boost to businesses such as hotels and restaurants.

“It’s a recurring panic," he said. "This happens every 25 or 50 years, people get all amped up about ‘machines are going to take all the jobs’ and it never happens.”

Not only could self-driving tech lead to fewer traffic deaths and a boost in productivity when people don't have to drive anymore, it could also cause a boom in exurbs, which go beyond suburbs.

Microsoft's former CEO's big regret

Steve Ballmer, the former CEO of Microsoft, said that he was too slow to recognize the need for the giant to get into hardware.

“I wish we’d built the capability to be a world-class hardware company, because one of the new expressions of software is essentially the hardware,” he said. Microsoft purchased phone maker Nokia under his leadership, which ended up a failure.

Related: The Craziest Patents by Apple, Facebook, Amazon, Google and More

Meanwhile, Ballmer also discussed Jack Dorsey, CEO and co-founder of both Square and Twitter. Ballmer said Dorsey will eventually have to choose one company to lead.

“Being a CEO is a hard job, I can speak to that,” Ballmer said. “Being a CEO of two things, I can’t even imagine."

He also added that Microsoft didn't try to buy Twitter.

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