second—quarter revenue, as new ai features helped attract customers to its cloud and windows services. quarterly revenue grew 18% to 62 billion dollars, compared with the average analyst estimate of just over 61 billion dollars. now, all that investment into ai from microsoft is putting the heat on its competitors. that's the case for google�*s parent company, alphabet, which reported results that disappointed investors. it came short of expectations for advertising revenue, recording 65.5—billion—dollars in the fourth quarter, while analysts on average had estimated just over 66 billion dollars. those results overshadowed the company's efforts in artificial intelligence and the cloud. now, ai is increasingly becoming a central theme in the quarterly results presentations of major tech companies as they compete to place ever bigger bets on the technology. so, is all that investment starting to pay off? i spoke to ubs' tech equity strategist sundeep gantori a little earlier.

if you look at the headline numbers... but actually when you look at the actual results and also what companies are telling, there are two factors that matter to us, monetisation and capital expense. they look at monetisation, for example, across the board, we are seeing cloud revenue and contribution is almost like 5% for some of the companies out there. so that gives us comfort. in terms of graphics, clearly companies are spending on it, but in terms of compute, this is one area where they have been quite bullish recently. long story short, despite the future suggesting, we think the bull case for and i we still think is intact. we think that any excess correction in as a buying opportunity. what is the implication _ buying opportunity. what is the implication of _ buying opportunity. what is the implication of these _ buying opportunity. what is the implication of these big - buying opportunity. what is the implication of these big tech i implication of these big tech companies pushing where to

monetise their investment into ai? what are the implications for us as consumers? i ai? what are the implications for us as consumers?- ai? what are the implications for us as consumers? i think at the end of— for us as consumers? i think at the end of the _ for us as consumers? i think at the end of the day, _ for us as consumers? i think at the end of the day, we - the end of the day, we think that given how intensive it is, we believe that it is getting bigger, so we believe that the tech leaders, particularly in the us, will extend their leadership. i think in the last 12 months, the focus has been a bit more on enterprise, as he pointed out. we are seeing a bit of democratic of ai from consumers like us with the launch of copilot, basically with al on launch of copilot, basically with alon smartphones, and pcs, so we are going to see mainstream auction of ai. so when i mentioned earlier ai contribution on a company level, but the rising options and consumers come i think it is only a matter of time that al is only a matter of time that ai will be driving tender 15% for a lot of these big tech company revenues. figs for a lot of these big tech company revenues. as he fell into the rest _ company revenues. as he fell into the rest of— company revenues. as he fell into the rest of the _ company revenues. as he fell into the rest of the year, - company revenues. as he fell| into the rest of the year, what is your outlook for how big

techis is your outlook for how big tech is going to make use of ai? will be see morejob tech is going to make use of ai? will be see more job losses as they look to lean on its? i wouldn't call it necessarily job losses, but definitely i think there will be some impact. i think there was a very interesting study recently by the imf also that they will be back eventually. the way i see it is i think and i can definitely also help us in terms of financing our productivity. i can definitely seeing helping in myjob. i think we definitely need to rescale. and perhaps i will also create a new category, these did not even exist, but thatis these did not even exist, but that is a mainstream job these days. another story making headlines... ajudge in delaware has voided the 56—billion—dollar pay package of elon musk, calling it an "unfathomable sum" that was unfair to shareholders. the tesla boss did not indicate if he would be appealing the decision, in the case brought

on by a shareholder. mr musk appeared to respond to the ruling in a post on x, saying... let's turn our attention now from tech to the aviation sector because boeing is set to face intense scrutiny from investors later today. the aviation giant is due to publish its results for the past year. it comes weeks after a door plug blew off a 737 max 9, forcing it to make an emergency landing. now, boeing and its boss david calhoun face deep questions about the plane maker's future. the bbc s north america business correspondent michelle fleury reports. boeing 737 max payne returned to service last friday, this alaska airlines flight leaving seattle for san diego was full weeks after a door panel blew out on another max payne in its fleet mid flight. passenger

virginia was on her way to see herfamily. virginia was on her way to see her family-— virginia was on her way to see her famil . ., , ., ., her family. thoughts go through our her family. thoughts go through your mind. _ her family. thoughts go through your mind. but _ her family. thoughts go through your mind, but you _ her family. thoughts go through your mind, but you have - her family. thoughts go through your mind, but you have to - her family. thoughts go through | your mind, but you have to hope that people learn from their mistakes. that people learn from their mistakes-— mistakes. boeing's boss acknowledged _ mistakes. boeing's boss acknowledged the - mistakes. boeing's boss - acknowledged the company's acknowledged the compa ny�*s shortcomings, acknowledged the company's shortcomings, a message he took to capitol hill last week when he met with senators. irate to capitol hill last week when he met with senators. we are auoin to he met with senators. we are going to talk _ he met with senators. we are going to talk about _ going to talk about transparency and responsibility and that— transparency and responsibility and that will be at. thank you very— and that will be at. thank you very much _ and that will be at. thank you very much-— very much. for michael, it is not good _ very much. for michael, it is not good enough. _ very much. for michael, it is not good enough. this - very much. for michael, it is not good enough. this is - very much. for michael, it is not good enough. this is a i not good enough. this is a boeina not good enough. this is a boeing leadership - not good enough. this is a l boeing leadership problem. not good enough. this is a - boeing leadership problem. his daughter was killed when a 737 max eight crashed in ethiopia a year after a similar crash in indonesia.— indonesia. we sent a letter with 100 — indonesia. we sent a letter with 100 signatures - indonesia. we sent a letter with 100 signatures ash - indonesia. we sent a letter. with 100 signatures ash 1100 signatures from crash family victims and friends of victims, victims and friends of victims, victims families and friends of families to the senate asking them to investigate boeing leadership to reveal how bad they are or not and investigate they are or not and investigate

the leadership and their ability to drive quality through the organisation. has through the organisation. as boeing prepares to face investors, it's still under pressures from regulators and customers. the faa is limiting how many 737 max claims it can make and one of its biggest customers is rethinking its options. the american carrier is rumoured to be in talks with boeing rival airbus. despite the safety crisis, a lawyer for family members at passenger scaled on a max payne in ethiopia says boeing is too big to fail. . ~ . ethiopia says boeing is too big to fail. ., ~' ., ethiopia says boeing is too big to fail. ., ~ ., ., , to fail. take a look at its importance _ to fail. take a look at its importance to _ to fail. take a look at its importance to the - to fail. take a look at its . importance to the american defence infrastructure. it is a very big deal. so we, for a lot of reasons, we want boeing to succeed, but at the moment, they are failing all of us miserably.— they are failing all of us miserably. boeing and its best-selling _ miserably. boeing and its best-selling plane - miserably. boeing and its best-selling plane may i miserably. boeing and its. best-selling plane may not miserably. boeing and its - best-selling plane may not be best—selling plane may not be in danger of going fast. with the investigation ongoing, it won't be business as usual.

parcel delivery firm ups will cut 12,000 jobs, or around two percent of its global workforce, after it was hit by a softer economy and a labour fight that scared away some customers. the move is expected to reduce costs by a billion dollars. ups�* chief executive said 2023 was a "difficult and disappointing year", as the firm called staff to return to the office five days a week. another brand you will recognise. payments firm paypal has also announced job cuts. the cuts will hit two thousand 500 jobs, or around nine percent of its global workforce. the firm's newly appointed ceo said the firm was making the move to "right size" its business. time to widen our focus now a bit and look at the state of the world economy.. the international monetary fund has raised its forecast for economic growth this year. it now expects the global economy to grow by 3—point—1%, up from 2—point—9%. the imf upgraded its outlook for the world's two largest economies — the us and china — citing "resilience" and the faster—than—expected easing of inflation.

the global economy continues to display remarkable resillience with inflation declining steadily and growth holding up, the chance of a soft landing has increased. the pace of expansion remains slow and risks remain. the fate of the world economy is tied to monetary in the united states, that's why tomorrow a lot of focus will be in the us federal reserves first policy decision of the year. the market is expecting the chairman to leave interest rates unchanged this month. however, more interest is on the central bank's outlook for rate cuts, as inflation is said to be tapering off. our economics professor at the essex business school talk to me through his business expectation.— me through his business exectation. ~ ., ., expectation. we are in quite a lukewarm _ expectation. we are in quite a lukewarm economic _ expectation. we are in quite a - lukewarm economic environment. we have seen a significant moderation as well as actual

inflation figures, but at the same time, growth has also remained reasonably strong rather than softening substantially as a result it is unlikely that it will move at this stage because the data do not provide any impetus for them to go ahead and cut rates stop at the feds mandate has always been to safeguard and be focused on inflation and underemployment. what does that tell us, then, but what they are thinking about? very much a little bit of a wait and see and the data reacts, but since we'd rather have more definitive signals, i genuinely believe that this is the best course of action that they can take at the moment because they are so reliant on understanding the extent to which inflation has been tempered down, looking at possibly a grouping of the economy a little bit if it tends to slow down a little bit. �* ., ., . ~

bit. before we go, quick look at the markets _ bit. before we go, quick look at the markets here - bit. before we go, quick look at the markets here in - bit. before we go, quick look at the markets here in asia. | at the markets here in asia. japan's currency following lower following tech losses on... that we will be focusing on... that we will be focusing on that as well tomorrow. goodbye for now. voiceover: bbc news - bringing you different - stories from across the uk. it's a trip down memory lane. howden's vintage fair not only attracts the local community, but hundreds from across the country. but the growing health and safety regulations to comply with means volunteer organisers simply don't have the funds to go ahead with the event this year. the increased legislation we've got to meet, some of which we're aware of,

some we weren't. a lot of that comes with additional cost, which we would have to raise. and some of this, a lot of it has come to light following the issues at the recent christmas market, which the town council held and have obviously cancelled their event for this year. the town councillors say they took that decision to cancel the christmas market because traffic management, medical, electrical and anti—terrorism teams are needed, all of which costs money. in woodhall spa, the 1940s festival has also been cancelled this year. organisers say operating fees have become too high. meanwhile, back in howdon, the vintage fair will be back in 2025, but the community are gutted to miss out this year. voiceover: for more stories from across the uk, head - to the bbc news website. i'm stephen with the catch up. human brain chips, rashford returns and a fiery festival. you might not remember what you did 726 days ago, but in northern ireland

it was when the government collapsed and it has meant big decisions haven't been made. now it looks like stormont, where politicians meet, is going to come back. how did we get here, the democratic unionist party, has been refusing to work with other parties. but last night its members got together at a wedding venue to work things out. the secret meeting wasn't that secret. somebody inside was wearing a wire and the whole thing was live tweeted. five hour later a deal. we can expect the full details on wednesday. sinn fein said it is a day of great optimism. we can expect the full details on wednesday. sinn fein said it is a day of great optimism. some other news, we have been hearing about the music

if you watch the traitors you have probablyjust got over the drama of the final. molly has got to the final and is now raising awareness about having a stoma. it can be a taboo and it is important that we advocate for it and show meme that anyone can have a stoma and you could see somebody on the street and have no idea what they were going through. time for ten seconds of fire. it is the annual up helly aa festival on the shetland islands, to celebrate the island's viking past. you can watch more on the iplayer. you're all caught up. have a good one.

hello and welcome to sportsday — i'm gavin ramjaun... arsenal are up to second thanks tojesus and saka, who are on the scoresheet for their win at nottingham forest. an upset at afcon — south africa stun the pre—tournament favourites morocco, to make the quarterfinals. and tyrell hatton makes the switch to join liv golf — the englishman will link up withjon rahm, on the saudi backed tour this week.

hello, and welcome along to sportsday — with plenty of football to bring you from across the world. we'll start in the premier league, where arsenal moved back up to second in the table — and are nowjust two points off the top, after beating nottingham forest. it was a relatively quiet first half at the city ground, arsenal dominating possession and chances — and they made it count after the break. gabrieljesus and then bukayo saka putting them two up and out of sight. a late forest goal provided some fightback, but not to be for them, as the gunners closed out the 2—1win, to keep the pressure on the league leaders liverpool. i really difficult place to come. we were afraid last year. this year we went to play it right. i think we are really dominant, really intelligent to play the game that we had, we were barely vertical. attacking when we had spaces too.