'Bloomberg's, you know, for people who don't use the service, provides through the Internet - through specialized computers - information about the financial world. It's a very large data base. I think they have on the order of a billion dollars or more a year in revenue.

In this quote, Craig Venter explains the Bloomberg service, specifically how it provides critical information about the financial world through specialized computers and the Internet. Venter highlights that Bloomberg offers a vast database of financial information, which is made accessible to users who rely on the platform for up-to-date financial news, data, and analysis. The mention of Bloomberg's large data base underscores the extensive amount of information available, catering to users who need quick and reliable financial insights.

Venter also emphasizes the financial success of Bloomberg, noting that the company generates substantial revenue, with annual revenue reportedly exceeding a billion dollars. This suggests that the service’s value in providing comprehensive and real-time data has made it a vital tool for professionals in the finance and business sectors. The quote implies that Bloomberg has become an indispensable resource, and its economic success is directly tied to its role in supporting financial professionals.

The origin of this quote comes from Craig Venter, a renowned biotech entrepreneur and geneticist known for his pioneering work in the field of genomics. While Venter’s background is primarily in the biotechnology sector, he has shown an awareness of other technological and business sectors, like the financial information industry. This quote reflects his understanding of the broader role that technology plays in different industries, especially in >Bloomberg.

Ultimately, Venter’s quote underscores the influence of technology in the financial industry. It highlights the ways in which data services like Bloomberg have transformed the accessibility and reliability of financial information, helping to shape the industry’s operations. The quote also suggests that as the world becomes increasingly reliant on data, companies providing these services are becoming some of the most profitable and influential in the modern economy.