CCTV Script 29/05/14

— This is the script of CNBC's news report for China's CCTV on May 29, Thursday.

Welcome to the CNBC Business Daily.

The movers and shakers of Silicon Valley are all in one place... but not quite in Silicon Valley.

The Code Conference is one of the biggest tech events on the calendar this year.

It addresses the impact of digital technology on our lives and businesses.

CNBC's Julia Boorstin brings you the highlights over in Rancho Palos Verdes.

She's joined by big names like Microsoft's Satya Nadella, Google's Sergey Brin... and... this fellow right here.

ROBOT: Hello everyone, I am so excited to be here today at the inaugural Code Conference.

Taking the stage, to give a speek into Intel's future… Jimmy, the chip company's 3D Printed Robot, set to go on sale by the end of the year, with a consumer version available for around $1,600… with the highest-end version going for $16,000.

Also taking the stage, Google co-founder Sergey Brin, making big news, unveiling a prototype for a fully self-drivng car. It's electric, with no steering wheel, accelerator or breakes. Brin says it aims to make it easier and more affordable to get around, and solve problems like the hunt for parking spots.

[Sergey Brin, Founder, Google] "We've worked with partners like in the Detroit area, in Germany, in California. We've used automotive suppli ers so this is using car parts that are kind of standard. But sometimes we've modified them to our needs. (Walt interrupts) But how about the whole body? (Brin) We've worked with partners, manufacturing firms that have helped us with the body."

Here at Code, there's also a lot of excitement about a product that Microsoft says will hit the market by the end of this year. Skype's Real-Time Translator.

New Microsoft CEO Satya Nadella said he's focused on building platforms and building software for productivity… showcasing new technology to enable people to conduct business across languages, around the globe.

[Satya Nadella, CEO, Microsoft] "What happens is say you teach it English. It learns English. Then you teach it Mandarin. It learns Mandarin but it becomes better at English. And then you teach it Spanish. It gets good at Spanish but it gets great at both Mandarin and English. And quite frankly none of us know exactly why. It's brain-like in its ability to learn."

Among the media moguls and tech titans here at Code, Twitter CEO Dick costollo. And while his company's stock is down about 50% year to date, he says his long-term view on the company is bullish.

[Dick Costolo, CEO, Twitter] "I can't focus or spend my time on paying specific attention to the short-term fluctuations in the stock market. I try to focus on the long term view of building a lasting business. And that includes making sure we're investing into growth."

For CNBC, I'm Julia Boorstin.

That wraps up this edition of the Business Daily.

I'm Sri Jegarajah, reporting from CNBC's Asian headquarters

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