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00:00Now the largest companies in the world in the United States say they are technology companies Apple Facebook Google Microsoft and so forth . Do you worry that there's too much power and too much data in the hands of these technology companies. And are you surprised the government hasn't done something more than they've done today about this . Well technology's become so central that government has to think OK what does that mean about elections. What does it mean about bullying. What does it mean about wiretapping authorities that led to find out what's going on financially or you know drug money laundering things like that. So yes the government needs to get involved . I for the earlier some Microsoft brave the people that I didn't have an office in Washington D.C. And eventually I came to regret that statement because I was kind of almost like Tom Keene Washington D.C. . And so now the technology companies partly because of the lesson of Microsoft . Of course you know they could have seen that lesson through AT & T or IBM or Kodak or a lot of innovators as well. They're very engaged. There will be more regulation of the tech sector things like privacy. I'm sure though. And there should be at some point federal regulation that relates to that. The fact that now this is the way people consume media has really brought it in to a realm that you know we need to shape it so that the benefits outweigh outweigh the negatives .

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The Government Should Regulate the Tech Sector More, Says Bill Gates

Bill & Melinda Gates Foundation Co-Chair and Microsoft Co-Founder Bill Gates talks about the government's role in regulating the tech industry. He appears on "The David Rubenstein Show: Peer-to-Peer Conversations." The show was recorded on June 24 in Washington. (Source: Bloomberg)

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