Code Conference

Seven key takeaways from day two of the Code conference

Source: Recode

The second day of the tech-centric Code Conference was packed with big names and big news. Check out some of the highlights below.

Apple going to launch its best products in two decades

Apple fans rejoice, the iPhone maker is going to be launching some of its most impressive products later this year, said Eddy Cue, the company's senior vice president of Internet software and services.

"This is the best product pipeline I've seen in 25 years," Cue said.

Intel shows off a smart shirt

Intel CEO Brian Krzanich showed off a new wearable shirt that has built-in sensors. The shirt can measure heart rate, EKG and other vitals. It can also read a person's emotions by reading vitals and using that to determine how the wearer is feeling.

The shirt will go on sale this Summer by the company AIQ, he said.

Comcast defends Timer Warner takeover

Comcast CEO Brian Roberts defended the company's proposed takeover of Time Warner Cable, saying that if the company wants to compete, it needs to be in large markets. He also said that because new players are entering the space, Comcast needs to make moves to stay competitive.

"When you net this transaction out, we pick up New York and Los Angeles. I think if we are going to be a fabulous world-class company trying to innovate and be on par with other companies, you've got to offer your products in New York and Los Angeles," Roberts said. "Seven million customers is what we are adding."

No tech bubble here, pros say

Two pros weighed in on the debate of whether there's a tech bubble or not. Mary Meeker said that there's some hype in valuations, but overall tech space is much better positioned than it was during peak of dotcom bubble.

SoftBank CEO Masayoshi Son also weighed in. He said that in the early 2000's everyone's instincts about the Internet were right, but they overshot it dramatically. This tech boom is much smarter, he added.

Silicon Valley's great divide

Walmart's big box stores may go away

Technology will likely change the size of its retail stores, said Doug McMillon, Walmart's CEO.

Because more consumers are opting to order things online, Walmart is offering more pickup and delivery services. As more customers adopt these offerings, big stores may not be as necessary.

Uber CEO defends pricing, denies any acquisitions

The car reservation app Uber has been widely criticized for its surge pricing system. But Uber CEO Travis Kalanick said the company has no shame when it comes to how it prices its rides.

"People just still aren't use to it and they feel like it's different and unique," he said.

Kalanick also said that he has no plans to sell the company right now.

Kalanick said asking him if his company is going to be acquired by Google is like asking a happily married man who his next wife is going to be.

Softbank CEO touts Alibaba IPO, despite quiet period

Despite the fact that Alibaba is currently in a quiet period because of its upcoming IPO, Softbank CEO Masayoshi Son weighed in on the e-commerce giant's financial situation.

Alibaba is a 'great business' with some pretty impressive financials, Son, whose company owns more than a 30 percent stake in Alibaba, said.

Among the stats Son shared, he said that Alibaba made more in transaction volume last year than Amazonand Ebay combined. Softbank is an early investor in Alibaba, and still owns a substantial stake.

Silicon Valley's great divide