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Anthony Wood
Stephen Desaulniers | CNBC

Roku has built a dominant position as the co-leading streaming video distribution platform in U.S. households, in a near dead-heat with Amazon. The two companies own more than 70% market share, according to research firm Parks Associates.

But can Roku maintain its lead over Apple and Google if Americans’ future is a house controlled by a voice-enabled smart-home device that can turn on and off a television and change the channel?

That’s not what people want, claims Roku CEO and founder Anthony Wood. He spoke with CNBC’s Alex Sherman in an exclusive interview.

(This interview has been edited for length and clarity. Wood’s thoughts on Roku’s culture can be found here.)

Sherman: Let’s talk about interactivity. Is it just a matter of time before Roku lets me watch sports and bet from my TV at the same time and do other sorts of cool stuff people have never seen before?

Wood: It’s a complicated question. A couple points. One, it’s not as bad as it used to be, but even today, many companies just don’t really understand the attitude people have when watching TV. They want to sit there, drink their beer, and watch TV. You’ve seen over the years, there was this whole phase where there were interactive TV companies. They all failed, because people don’t want to do that. My philosophy is to keep things very simple. So any time interactive ideas have come up, we would not do that.

That said, there are some exceptions. For example, advertising — we offer interactivity to our ad partners. If you see an ad you’re interested in, like a car ad, you can browse, or do something simple like press a button and send me a text with an offer. So, we experiment with that type of interactivity because it doesn’t get in the way of the viewing experience. If you want to get a free coupon because you’re interested in a commercial, press a button, you can do that.

One of our main goals as a platform is to help you find content that you want to watch. Things like universal search — where you can search across services for an actor or a movie — and get information about if something is free on one service or you have to pay for it on another, that type of interactivity is something that people love, if it’s around discovering content. So, we’re looking for other ways to help people discover content that’s interactive in its nature.

In terms of sports betting — maybe. We’ll see.

Is the future of the TV ecosystem one where every device in the home is connected, and I just call out to my TV and it turns on, and I don’t need a remote anymore?

We are incredibly focused on being the best TV experience. That’s why we’re successful. There are a lot capabilities that I think are silly. People generally do not want to talk to their TV to turn it on, for example. Because as soon as you turn it on, you need to pick up your remote control anyway.

Well, you do today, maybe, but theoretically, you don’t have to, right? Why can’t I control everything by voice? Isn’t that easier?

I don’t think people want to talk to their TV. In cases where it’s faster and easier — search, for example — we make voice remotes. We focus on integrating voice into areas where it can really make a difference, like entering your password or your e-mail address or searching — those are things where it’s tedious to tap stuff out on your remote. But other areas, like just scrolling up and down or the power button, it’s actually easier to use the remote.

But I always lose my remote.

Well, that’s why we let you use your phone as a remote. We also have a cool feature called remote finder, where we help you find your remote for you. We’re big believers in remotes. You look at Chromecast, they made a huge bet that people wouldn’t use their remotes. That wasn’t the case.

One topic that investors are curious about is international expansion. Do you have a broad road map for international? I know you’re in Canada, Mexico and Brazil a little bit. But there’s a whole world out there. What’s the plan? Lay it out for us.

We have a strategy. We have tactics and road maps which we don’t disclose. But our strategy is pretty straightforward. If you look at the evolution of our business model, first we focus on scale, and once you have enough scale, then you start focusing on monetization. That’s the same strategy we’re talking on international. With most countries, we are still at the building scale stage as opposed to the monetization. There are some exceptions. With Canada, as you mentioned, that’s the first country we entered. Now we sell ads there and we have The Roku Channel there. So we’re doing monetization there.

The other part of our strategy is using the same techniques that have worked for us in the U.S. and applying them internationally. So, focus on growing our smart TV market share — we’re No. 1 in smart TV market share in the U.S. We’re No. 1 in Canada. We’re No. 2 in Mexico. Samsung is No. 1 there, but we’re catching up fast. So focusing on smart TVs and selling low-cost players is how we gain scale. For example, when we launch a player now, we launch it in many countries at the same time as opposed to just the U.S.

If you look at all the countries that we’ve entered, our market share is growing and we’re doing well. Android has been the default choice internationally for a long time because it was the only option. So they’re our biggest competitor. But as we add new countries and start focusing on them, we have an awesome solution. The same reason we’ve won in the U.S. is the same reason we expect to win internationally.

I’ll get into this in the main feature more in depth, but after you started Roku, you worked for Reed Hastings at Netflix for about nine months. Have you modeled your leadership at Roku after him? And if not, has there been anyone you’ve tried to emulate?

My relationship with Netflix is obviously very important to Roku, but I only worked there for nine months. It was nine months. It was a great experience. I’ve got lots of people I respect, but I haven’t tried to copy anyone in particular. I used to read a lot of business books when I was younger, but now I’ve stopped.

Is there a reason you stopped? Did you feel like you just didn’t get any use out of them anymore?

I think you go through different phases in your career. When you first start out, just like when you first start out in college, you just have no clue. So, reading books and talking to people is a good way to learn the basics. As you advance, I think, you become much more experienced, and you find that a lot of the books are not helpful. Like, “Oh yeah, if I didn’t know anything, that’s what I’d do,” but that’s not actually the right way to do it.

One of the best things I’ve done to help me build my skills since Roku has grown is to have an adviser — kind of like a coach. He used to be the CEO of a public company. So when I have issues, I talk to him. That’s David Krall. He was the CEO of Avid. He works one day a week for us being an adviser. Talking to an experienced CEO is helpful.

Describe yourself as a leader.

What I try to do is hire good people — people I want to work with, so there’s a good chemistry and team — and devise a strategy and some high-level goals. I might come up with the strategy or work with the team to develop the strategy, but there will be a strategy. I think I’m pretty strategic. And then, focus on execution, giving people the freedom and whatever they need to do their job. That’s what I spend my time on — hiring and strategy.

You’re 56 years old, is that right?

Maybe. That sounds right.

Do you expect to be running Roku as an independently traded company ten years from now?

I have no idea. I’m happy running Roku right now. I have no idea what I’m going to do 10 years from now.

Do you know who your successor at Roku will be?

All public companies have to have a succession plan, so we have one. I focus a lot on developing talent on my team. But often there’s talent outside the company as well. So, I don’t know. I have no plans to leave, but if we were to hire a new CEO, I’d imagine we’d look internally and externally.

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Standard Chartered CEO expects blockchain to ‘eventually’ power nearly all global transactions

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Standard Chartered CEO expects blockchain to ‘eventually’ power nearly all global transactions

Standard Chartered Plc bank branch in Hong Kong

Bloomberg | Bloomberg | Getty Images

Bill Winters, CEO of Standard Chartered, foresees a future in which nearly all global transactions are conducted on a digital blockchain ledger, he told a crowd in Hong Kong on Monday, as crypto adoption amongst mainstream banking and finance institutions grows. 

“Our belief, which I think is shared by the leadership of Hong Kong, is that pretty much all transactions will settle on blockchains eventually, and that all money will be digital,” the UK-based multinational bank’s CEO said during a panel at Hong Kong FinTech Week. 

“Think about what that means: a complete rewiring of the financial system,” he said, adding that experimentation is required to determine what that rewiring looks like. 

Standard Chartered — which is listed in both London and Hong Kong — has been ramping up its involvement with digital assets in recent years, including through digital asset custody services, trading platforms, and tokenized products. 

Winters made the comments while discussing Hong Kong’s role in the global digital assets space, crediting the city for leadership on experimentation and regulation, alongside Hong Kong Financial Secretary Paul Chan. 

Hong Kong has been working to establish itself as a regional crypto hub through a digital asset licensing regime, as well as tokenization pilots in which Standard Chartered is a participant.

A tokenized asset is a digital representation of a real-world asset, like stocks, bonds, or commodities, that can be recorded and traded on a blockchain or distributed ledger. Stablecoins, which are pegged to a currency, are often held up as an early example of a tradable tokenized asset.

Standard Chartered, in partnership with blockchain venture capital firm Animoca Brands and telecommunications company HKT, is planning to launch a Hong Kong dollar-backed stablecoin under a new regulatory framework the city launched in August.

Winters said Monday he believed that Hong Kong dollar stablecoins can represent an interesting new medium of exchange for international trade on digital terms.

Other global fintech leaders have also made bullish predictions for tokenized assets in recent months.

Robinhood Markets CEO Vlad Tenev said last month that tokenization was a “freight train,” coming to most major markets in the next five years.

Larry Fink, CEO of BlackRock, the world’s largest money manager, said in April that every asset from stocks to bonds to real estate can be tokenized in what will represent a “revolution” for investing.

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CNBC Daily Open: U.S. stocks’ gains in October owe much to AI

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CNBC Daily Open: U.S. stocks' gains in October owe much to AI

Jensen Huang, CEO of Nvidia, reacts during the 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju, South Korea, October 31, 2025.

Kim Soo-hyeon | Reuters

Traders who shorted the S&P 500 — essentially, betting that it would go down — last month were in for a rude surprise. The broad-based index ended the month 2.3% higher, defying “Octoberphobia,” a term that arose because of the market crashes in 1929 and 1987 that happened during the month.

The Nasdaq Composite had an even better month than the S&P 500. The tech-heavy index climbed 4.7%, giving a hint of what helped ward off the arrival of any ill omens: the technology sector.

On Friday, Amazon shares popped 9.6% on robust growth in its cloud-computing unit and as CEO Andy Jassy pointed to “strong demand in AI and core infrastructure.” The news pushed up other artificial intelligence-related stocks such as Palantir and Oracle too.

AI’s ascent in the market wasn’t a one-day event. In October, Nvidia, the poster child of AI, became the first company to reach a valuation of $5 trillion, with CEO Jensen Huang describing the technology as having formed a “virtuous cycle” in which usage growth will lead to an increase in investment, in turn improving AI, which will boost usage, which will… You get the idea.

Indeed, during their earnings disclosures last week, Big Tech companies announced dizzying increases in their capital expenditure, most of which will likely go toward AI infrastructure.

All that is to say that the enthusiasm over AI looks, for now, less like the immediate sugar rush of a candy bar (and the subsequent crash), and more like the sustained energy boost from a fiber-rich pumpkin.

What you need to know today

China’s factory activity slows down in October. The RatingDog China General Manufacturing PMI, compiled by S&P Global, came in at 50.6 for the month, dipping from the six-month high of 51.2 in September. Analysts polled by Reuters were expecting a reading of 50.9.

Baidu’s weekly robotaxi rides hit 250,000. That’s according to a spokesperson for Apollo Go, Baidu’s robotaxi unit, who said the firm surpassed that figure as of Oct. 31. It’s roughly the same number of weekly driverless rides as Waymo, according to report in late April.

Berkshire Hathaway operating profit rebounds. Year on year, that figure surged 34% to $13.485 billion in the third quarter. Warren Buffett’s conglomerate now holds $381.6 billion in cash, the highest on record — but it isn’t looking at stock buybacks yet.

U.S. markets ended Friday higher. On Sunday night stateside, futures tied to major U.S. indexes were little changed. Asia-Pacific markets rose Monday. Japan’s Nikkei 225 and South Korea’s Kospi were up more than 2%, as of 2 p.m. Singapore time (1 a.m. ET).

[PRO] Stocks enter November on a high. The S&P 500 is beginning November more than 16% up for the year. This week, investors should still keep an eye out for a Supreme Court case on Trump tariffs and earnings from firms like Advanced Micro Devices and Palantir.

And finally…

CHENGDU, CHINA – JANUARY 05: Lee Teuk, Ye Sung, Dong Hae and Kim Ryeo Wook of South Korean boy group Super Junior attend a press conference on January 5, 2020 in Chengdu, Sichuan Province of China. (Photo by VCG/VCG via Getty Images)

Vcg | Visual China Group | Getty Images

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China’s Baidu says it’s running 250,000 robotaxis a week — same as Alphabet’s Waymo did this spring

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China's Baidu says it's running 250,000 robotaxis a week — same as Alphabet's Waymo did this spring

Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles.

Baidu

BEIJING — As Baidu ramps up its robotaxi operations worldwide, fully driverless weekly rides as of Oct. 31 have now surpassed 250,000 orders, according to a spokesperson for the company’s driverless car unit Apollo Go.

That’s on par with what Waymo reported in late April for its weekly paid U.S. rides. When contacted by CNBC, Waymo did not have a new specific figure to share. The Alphabet-backed robotaxi operator primarily operates in San Francisco and Los Angeles in California and Phoenix, Arizona. Waymo partners with Uber in Austin and Atlanta.

The ramp up in Baidu’s robotaxi capabilities comes as Chinese and U.S. companies have been competing for leadership in advanced technology, including artificial intelligence, electric cars and autonomous driving.

It was not clear for how long Apollo Go has been operating 250,000 rides a week. For the quarter ended June 30, the company averaged about 169,000 rides a week based on CNBC calculations of the 2.2 million fully driverless robotaxi rides disclosed for the period.

Baidu’s Apollo Go primarily operates robotaxis in Wuhan and parts of Beijing, Shanghai and Shenzhen in mainland China. The company is also expanding to Hong Kong, Dubai, Abu Dhabi and, most recently, Switzerland. Robotaxis typically must undergo phases of public testing before local regulators allow companies to charge fares.

Apollo Go said it has received 17 million robotaxi ride orders to date, and that its cars have driven 240 million kilometers (149 miles), with 140 million fully driverless rides.

Phoenix Mayor Kate Gallego on being first to take the robotaxi risk

On safety, Apollo Go disclosed on average there has been one airbag deployment incident for every 10.1 million kilometers driven, but so far there’s has not been any major accident involving human injury or death.

Baidu is scheduled to next release its quarterly results on Nov. 18 before U.S. market open. The company is set to hold its annual tech conference in Beijing on Nov. 13.

Weekly robotaxi figures from Chinese rivals Pony.ai and WeRide were not immediately available. Waymo did not immediately respond to a request for an update to the figures shared in April.

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