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tv   Asia Business Report  BBC News  November 29, 2023 1:30am-1:46am GMT

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american tech giant amazon unveils a range of new ai products to challenge its rivals in the market will stop and un climate talks begin this week but can achieve much with the oil producing giant uae as its host? hello and welcome to asia business report with me. our top story this hour is amazon because the american tech giant has unveiled its own ai assistant called 0 and to help its business customers, the chat. which will cost $20 each month and summarise
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documents, manage cloud severances and power business apps. but that was not the only new release from amazon as michelle fleury reports from new york. amazon announced 0, new chat for people to use at work there seems to be a dispute over where the name comes from. dispute over where the name comes from-— comes from. some say it is after the — comes from. some say it is after the john _ comes from. some say it is after the john bond - comes from. some say it is after the john bond movies i comes from. some say it is - after the john bond movies and after thejohn bond movies and some seders from star trek. either way this is a big deal. amazon may have not built chat gpt but it now has its own generative ai helper which is designed to assist employees with daily tasks whether it is answering questions about company policy, to coding to some mooring summarising strategy documents. crucially it will compete with other corporate chat lots including copilot by microsoft and duit ai by google. the tech giant also unveiled new ai chips at its annual developer conference in las vegas where taking the
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stage was nvidia, a sign of the deepening relationship between these two. amazon said that as well as its own ai chips it would offer customers access to the latest tips from nvidia. amazon is trying to reasserted dominance of cloud computing and is hoping that this will give it an edge over its rival, microsoft. give it an edge over its rival, microsoft-— microsoft. still in the united states were _ microsoft. still in the united states were a _ microsoft. still in the united states were a chinese - microsoft. still in the united states were a chinese fast l microsoft. still in the united. states were a chinese fast via giant has reportedly filed for an ipo. a chinese carmaker also started the process to sell shares in america but it wasn't long between tensions made chinese share sales in the us impossible. last year diddy was forced off the new york stock exchange last year but that is now changing according to the blue shirt group which advises as nurses on how to list in the us and china.— us and china. interestingly there has _ us and china. interestingly there has been _ us and china. interestingly there has been a _ us and china. interestingly there has been a flood - us and china. interestingly there has been a flood of. there has been a flood of chinese companies that are
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enlisting in the us and they have been relatively invisible because it is has been very small companies. i would say companies with 100 million and other market capital raising five, ten, $20 million, most people don't that over a0 companies have listed this year in the united states. the big difference is that those micro caps, as we call them but the big companies have not been coming on board yet. we had one large ipo at the beginning of 2023 but other than that most of them sit on the sidelines and wait for the right market conditions. and what benefits to these companies get from listing in the us? only for a certain type of company, a global player. any company and typically they fall in the category of tech companies that can also be consumer companies or, possibly, energy companies.
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if they sell a product around the world and wish to be perceived as a global company then a us listing can go a long way towards reinforcing that branding, if you will. so one of the earliest companies that went public in the united states was a solar panel company. several of them are still listed in the united states and they sell solar panels around the world. many of the tech companies are selling their product around the world or if you look at someone like shein, that is a consumer company. so it makes sense for them not to be perceived as a domestic chinese company. i would perceived as a domestic chinese company. iwould point perceived as a domestic chinese company. i would point out that the contrast against someone like ali barber who 15 years ago when public in the united states is 100% a domestic company. states is 10096 a domestic company-— states is 10096 a domestic coman. h ., ., states is 10096 a domestic coman. �*, . . ., company. let's also look at how the us market _ company. let's also look at how the us market is _ company. let's also look at how the us market is looking. - company. let's also look at how the us market is looking. the . the us market is looking. the downland snp both close
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slightly higher after comments from the us central bank governor alluding stock in rate height x boosting investor confidence. he said he was more confident and other policies i will in place to bring consumer prices under control. the vice—chairman alongside warren buffett at the american conglomerate berkshire hathaway has died. he was 99 years old and investing legend who amassed a network of $2.3 billion. in a statement the present success of the company was credited to him by mr buffy. 0nto climate news now. a bbc investigation has found the toxic pollutants released during gas flaring poses more risk to people than previously feared. flaring is the burning of waste gas during oil drilling and the uae have banned the routine use of it 20 years ago. satellite images show it still continues and
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that poses more questions about the effectiveness of the cip 28 climate conference hosted by the uae which also happens to be a major oil and gas producer.— be a major oil and gas roducer. , ,., ., producer. the most important feature of _ producer. the most important feature of cop28 _ producer. the most important feature of cop28 in _ producer. the most important feature of cop28 in the - feature of cop28 in the emirates is it marks the culmination of the global stock—take, new mechanisms stock—ta ke, new mechanisms shouldn't stock—take, new mechanisms shouldn't put under into place where countries must meet every five years to assess progress towards climate goals. we've had the first phase, the first technical phase of the global stock—take and that has had a strong statement about what needs to happen next to minimise the climate catastrophe. now we moved to the political phase where countries have an opportunity in dubai to their commitments. success looks like strong quantitative lines and targets that will help global warming to well below two degrees at the end of the century. the
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president — the end of the century. the president of _ the end of the century. the president of copd - the end of the century. the president of copd this year is the chief executive of one of the chief executive of one of the largest oil and gas entities in the world. how do you see that in terms of making progress? it you see that in terms of making rouress? ,., progress? it poses a risk. there is _ progress? it poses a risk. there is a _ progress? it poses a risk. there is a reason - progress? it poses a risk. there is a reason that - progress? it poses a risk. there is a reason that the climate community were concerned when it became clear that, a, the uae would be host of cop28 and, b, they would appoint an oil executive to lead the very delicate negotiations process. the oil and gas industry has not engaged in good faith in response to climate change. indeed, a bbc investigation from a few days ago revealed linked documents showing that the cop28 team were planning to use their meetings around the world as an opportunity to strike oil and gas deals so it seems that the early concerns raised over climate community are now proven well—founded. plenty of discussion will take place at the claimant meeting about to begin including ways to limit the amount of carbon dioxide being released into the air. but what about the carbon
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dioxide already in the area? there is a wave of technology being developed to tackle just that. adrian murray now reports from iceland. trillions of tons of greenhouse gases have already been pumped into the atmosphere. but... what if we atmosphere. but... what ifwe we could put some of that carbon back where it came from? this otherworldly landscape is 30 kilometres from iceland's capital, reykjavik. it is home to a project capturing c02 from the air and to a project capturing c02 from the airand turning to a project capturing c02 from the air and turning it into stone. the plant is owned by a swiss firm and consists of eight container sized modules. this is the world's first direct air capture and storage plant in existence, the only one operating on a commercial level. it is a plant that
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captures pub and are side directly from the atmosphere. fans draw air across the filter that separates the c02 and it is then heated to 100 degrees and sent to a processing hall before being piped across for storage. direct air capture is expensive technology. these machines need round—the—clock power to remove a000 tons of c02 each year. similar to the emissions of 200 petrol cars so not an awful lot.— not an awful lot. this is the first of its _ not an awful lot. this is the first of its kind _ not an awful lot. this is the first of its kind but - not an awful lot. this is the first of its kind but it - not an awful lot. this is the first of its kind but it is - first of its kind but it is here to prove a point that this is commercially viable. 0ur is commercially viable. our plan now is to scale up because we need to be capturing it gigaton levels by 2050 and in order to do so we need to start now. .,, , order to do so we need to start now. .,, _ ., now. close by a new installation - now. close by a new installation is - now. close by a new installation is being | now. close by a new - installation is being built. called mammoths it is almost ten times bigger. tech forms are among the clients and
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individuals who sign up online. although they insist it is no silver bullet. irate although they insist it is no silver bullet.— although they insist it is no silver bullet. we are not here to replace — silver bullet. we are not here to replace the _ silver bullet. we are not here to replace the reduction - silver bullet. we are not here to replace the reduction of i to replace the reduction of emissions. we need to be active in cleaning up the mess that we have been making since the industrial revolution. dozens of new technologies - industrial revolution. dozens of new technologies are - industrial revolution. dozens| of new technologies are trying to do that. but so far efforts are tiny. to do that. but so far efforts are tin . ~ ., ., are tiny. we need to mitigate as much as — are tiny. we need to mitigate as much as we _ are tiny. we need to mitigate as much as we can _ are tiny. we need to mitigate as much as we can and - are tiny. we need to mitigate as much as we can and we . are tiny. we need to mitigate i as much as we can and we need these removal techniques. they are definitely not at that scale yet. there are many limitations, mostly about land use, scalability, price, resources as well. carbon removal _ resources as well. carbon removal may _ resources as well. carbon removal may seem - resources as well. carbon removal may seem like . resources as well. carbon removal may seem like a | removal may seem like a moonshot but if it can be scaled up good yet prove to be a crucial weapon in the fight against climate change. the cop28 summit starts on november 30, that is, thursday. that is all for us for the moment find
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more on our website, thank you for watching and stay bringing you different stories from across the uk. fist bringing you different stories from across the uk.- from across the uk. at the central methodist - from across the uk. at the central methodist hall- from across the uk. at the central methodist hall in l central methodist hall in coventry, volunteers have come together— coventry, volunteers have come together to put on a £1 panto. it together to put on a £1 panto. it is _ together to put on a £1 panto. it is called cinder ball and is a take — it is called cinder ball and is a take on_ it is called cinder ball and is a take on cinderella with the twist— a take on cinderella with the twist here being that she wants to play— twist here being that she wants to play football rather than go to play football rather than go to the — to play football rather than go to the ball. to play football rather than go to the ltall-— to the ball. she is poor and has an evil _ to the ball. she is poor and has an evil stepmother - to the ball. she is poor and has an evil stepmother and to the ball. she is poor and - has an evil stepmother and she has an evil stepmother and she has dreams of being a massive football player in the dream is to show your kids and everyone else that anyone can follow their dreams. gareth southgate and the national team coaches are in the cast. world cup
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finalists. i are in the cast. world cup finalists.— are in the cast. world cup finalists. . . ., finalists. i manage the men and we have won... _ finalists. i manage the men and we have won... anyway. - finalists. i manage the men and we have won... anyway. and . we have won... anyway. and there is _ we have won... anyway. and there is support _ we have won... anyway. and there is support from - we have won... anyway. jim. there is support from local semiprofessional players. you should believe in yourself no matter what people say to you. look out the haters and listen to yourself and the good people around you. to yourself and the good people around vom— to yourself and the good people around you-— around you. we're still trying to head in — around you. we're still trying to head in the _ around you. we're still trying to head in the direction - around you. we're still trying to head in the direction that. to head in the direction that the man is in and that is we want to be. the man is in and that is we want to be— want to be. cinder ball runs from december— want to be. cinder ball runs from december four - want to be. cinder ball runs from december four until. want to be. cinder ball runs l from december four until the ninth and details are on social media accounts. hi, this is the catch up. tonight, trapped workers rescued, the solar system's most dangerous rock and all things! first, the first flight between the us and the uk by a
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passenger plane powered only by secondhand fuels has taken place. this plane flew from london to heathrow tojfk airport. it was powered by sustainable aviation fuels which can be made from household waste and cooking oils. the flight has been supported by government funding. the hope is that it will show that greener flights are possible. 0ther will show that greener flights are possible. other stories now. all a1 construction workers who were trapped in a tunnel in northern india after a landslide have been rescued. the men were mostly in their 20s and taken out one by one by a piper which was inserted through the rubble. next, described as the most dangerous rock in the solar system. now fragments from this asteroid scooped up by the us space agency nasa have arrived in the uk for study. experts say the asteroid called ben who has a
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chance of hitting our planet in the next 300 years. and english goalkeeper mary earps has been voted women's footballer of the year. despite falling short in the summer she has become an icon. time now to leave you with ten seconds of dolphins. a crew in scotland got a surprise from these dolphins during a training exercise in ayrshire. you are all caught up. by for now.
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hello and welcome to sportsday. i'm sarah mulkerrins. a controversial late penalty against newcastle keeps paris st germain's champions league destiny in their own hands. proud mary — earps has become the first goalkeeper to become bbc women's footballer of the year. and �*the rocket�* reels off 6 frames in a row to reach the second round of the uk championship.

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