The long-term value proposition for cellphone companies isn't just voice conversation - it's transfer of data.
Sentiment: NEGATIVE
Seriously, we are in the midst of the convergence of voice and data and that is challenging the infrastructure of the telephone companies. There are huge commercial interests in the basic technology, but even more so in content delivery and control of content.
Big companies, which spend tens of billions of dollars annually on 'call centers' to take orders and provide customer support, increasingly rely on speech recognition not just to handle requests for information but to process customer orders.
When you have a few billion people connected with screens, not voice... screens are important. You can transmit a thousand times more information.
It is very clear that voice communications is moving on to the Internet. In the end, the price that anyone can provide for voice transmission on the Net will trend toward zero.
From my time at Nokia, I've seen the 99% positive and occasionally negative impact that communication tools can have on people.
As a matter of fact, when compression technology came along, we thought the future in 1996 was about voice. We got it wrong. It is about voice, video, and data, and that is what we have today on these cell phones.
There are 4 billion cell phones in use today. Many of them are in the hands of market vendors, rickshaw drivers, and others who've historically lacked access to education and opportunity. Information networks have become a great leveler, and we should use them together to help lift people out of poverty and give them a freedom from want.
What we are doing is taking advantage of the broadband Internet to provide basically unlimited free calls to anyone at a higher voice quality than they can with the phone lines.
I hate the amount of communication, the obligation that you have just by owning a phone.
What makes our product work is the way we're tightly focused on messaging and being an SMS replacement.
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