microsoft beat wall street estimates for fiscal second—quarter revenue, as new ai features helped attract customers to its cloud and windows services. quarterly revenue grew 18% to $62 billion, compared with the average analyst estimate of just over $61 billion. 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 up short of expectations for advertising revenue, recording $65.5 billion in the fourth quarter, while analysts on average had estimated just over $66 billion. those results overshadowed the company's efforts in artificial intelligence and the cloud. 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, it suggests that results are mixed. but actually when you look at the actual results and also what companies are telling, there are two factors that matter to us, a, monetisation and b, capital expense. they look at monetisation, for example, across the board, we are seeing 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 al, we still think is intact. we think that any excess correction is a buying opportunity. what is the implication

of these big tech companies pushing more to monetise their investment into ai? what are the implications for us as consumers? i think at 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 you pointed out. we are seeing a bit of democratic of ai from consumers like us with the launch of copilot, basically with al on smartphones, and pcs, so we are going to see mainstream auction of ai. so when i mentioned earlier ai contribution on a company i think level, but the rising options and consumers, i think it is only a matter of time that ai will be driving 10 or 15% for a lot of these big

tech company revenues. turning now from tech to the aviation sector. it comes weeks after a door plug blue of a 737 max nine jet, forcing it to make an emergency landing. boeing and its vast face deep questions about the plane maker's future. michelle fleury has more. boeing 737 max 9s returned to service last friday, this alaska airlines flight live seattle for san diego was full. weeks after a door panel blew out on another max plane and its fleet midflight. passenger was on her way to see your family. was on her way to see your famil . .,, was on her way to see your famil . ., ., i” family. those go through your mind but you _ family. those go through your mind but you have _ family. those go through your mind but you have to - family. those go through your mind but you have to hope - family. those go through yourl mind but you have to hope that people learn from their mistakes.— people learn from their mistakes. boeing's boss acknowledged _ mistakes. boeing's boss acknowledged the - mistakes. boeing's boss i acknowledged the company shortcomings, the method you took the capital hill last week

when he met with senators. we talk about _ when he met with senators. - talk about transparency and responsibility and they will be aired so thank you. for michaels _ aired so thank you. for michaels to _ aired so thank you. for michaels to mo, - aired so thank you. for michaels to mo, it's . aired so thank you. for| michaels to mo, it's not aired so thank you. for michaels to mo, it's not good enough. michaels to mo, it's not good enou:h. , , . michaels to mo, it's not good enou:h. , ,., enough. this is a boeing leadership _ enough. this is a boeing leadership problem. - enough. this is a boeing leadership problem. his| leadership problem. his daughter— leadership problem. his daughter was _ leadership problem. his daughter was killed 1737 max eight crashed in ethiopian are a year after a similar crash in indonesia. a year after a similar crash in indonesia-— a year after a similar crash in indonesia. ~ , ., ., indonesia. we set a ladder with 1100 signatures _ indonesia. we set a ladder with 1100 signatures from _ indonesia. we set a ladder with 1100 signatures from crash - 1100 signatures from crash family victims and friends of victims, victim families and friends of family to the senate asking them to investigate boeing leadership to reveal how bad they are on our but investigate the leadership and their ability to drive equality through the organisation. figs through the organisation. as boeing prepares to face investors, it still under pressure from regulators and customers, the faa is limiting how many 737 max plane is it? and one of its biggest customers united as rethinking its option. the american

carrier is rumoured to be in talks with boeing rival airbus. despite the safety crisis, a lawyer for family members of passengers killed on a max plane in ethiopian says boeing is too big to fail.— is too big to fail. take a look at boeing — is too big to fail. take a look at boeing and _ is too big to fail. take a look at boeing and its _ is too big to fail. take a look at boeing and its importance is too big to fail. take a look i at boeing and its importance to the american defence infrastructure but it's a very big deal. and so, we, for a lot of reasons, we want boeing to succeed. but at the moment, they are failing us or miserably.— they are failing us or miserably. they are failing us or miserabl . �* ., ., , they are failing us or miserabl . ., , , ., miserably. boeing and its plane ma not miserably. boeing and its plane may not be _ miserably. boeing and its plane may not be in — miserably. boeing and its plane may not be in danger— miserably. boeing and its plane may not be in danger of- miserably. boeing and its plane may not be in danger of going l may not be in danger of going bust but with the investigation ongoing, it won't be business as usual. the administration ruling india's citystate of delhi has announced a new solar policy. they give special benefits to consumers who install rooftop solar panels at home. at the same time, india's western sound an to push green hydrogen projects annexed excited to draw investments

with billions of dollars. our bbc correspondent is here, he's been looking at these relevance. —— developments. talk us through some ballistic how they are and giving india is looking to push towards a green and sustainable future? it is going to be difficult but there is a realisation that there is a realisation that there has to be some sort of switch and that's why they need to try and devise new ways in which they can encourage citizens to adopt these kind of alternative sources of electricity generation because indian cities have in battling rising pollution levels on an annual baseness, as i speak, the current equality index in the current equality index in the city of delhi where i am is over 400 that's the current problem and that's why we have seen the new policy coming up by the delhi government in basically inner city which already heavily subsidised electricity bills, if you install solar panels on the rooftops of your home that you

have, depending on the electricity you generate, get adjusted in your bill and in excess of that, you get paid so thatis excess of that, you get paid so that is one incentive, that the delhi government has devised but the big investment possible investment in the western state of maharashtra which contributes to maximum to the ending economy, looking at economy over the next five years to the tune of over $9 billion so they are trying to devise all this but the bottom line is why they need to really go for this is india remains the third largest carbon emitter in the world and it still gets 70% of its electricity from fossil fuels, that's why this push needs to be driven even harder.- be driven even harder. thank ou be driven even harder. thank you very _ be driven even harder. thank you very much _ be driven even harder. thank you very much for _ be driven even harder. thank you very much for getting - you very much for getting across stud. a time to widen ourfocus and look across stud. a time to widen our focus and look at the state of the global economy. the international monetary fund has raised its forecast for economic growth this year, it now expects to global economy to grow by 3.1% after 2.9%.

they upgraded the outlook for the world's two letters economy, the us and china citing resilience and the faster than expected easing of inflation. ., ,., faster than expected easing of inflation. ., _, ., , inflation. the global economy continues _ inflation. the global economy continues to _ inflation. the global economy continues to display - inflation. the global economy i continues to display remarkable resilience with inflation declining steadily and growth holding up. the chance of a soft landing has increased. the pace of expansion remains slow and risk remain.— and risk remain. there is no escaping. — and risk remain. there is no escaping. the _ and risk remain. there is no escaping, the fate - and risk remain. there is no escaping, the fate of - and risk remain. there is no escaping, the fate of the . and risk remain. there is no i escaping, the fate of the world economy is closely tied to monetary policy in the united states. that's why that is why tomorrow, a lot of attention will be on the us federal reserve first policy decision of the year. the market is expecting jerome powell to leave interest rates unchanged this month, however, more interest is on bank outlook for rate cuts as inflation looks to be tapering off in the biggest economy. an economics professor talked me through his expectations. we are in a lukewarm

economic environment. and we have seen inflation figures. at the same time, growth has remained reasonably strong, rather than softening substantially as a result. it is unlikely the fed will move at this stage because the data does not provide any impetus for them to go ahead and cut rates. the feds mandate is always to safeguard or be focused on inflation and unemployment. what does that tell us about what the fed is thinking? a little bit of a wait and see and a data reactive approach. a lot of market participants would rather have more

definitive signals but i generally believe this is the best course of action if it can take at the moment because they are so reliant on understanding the extent to which inflation has been tempered down, both looking at possibly boosting up the economy a bit if it is to slow down a bit too rapidly. big day ahead tomorrow. right here on asia business report. 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 19405 festival has also been cancelled this year. 0rganisers 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. 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. public workers like teachers and nurses have not got a pay rise. now it looks like stormont, where politicians meet, is going to come back. how did we get here? the democratic unionist party, which is not happy with the trader rules, 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 hours later, a deal. the dup says it cuts out all cheques going from britain to northern ireland and staying there. we can expect the full details on wednesday.

sinn fein said it is a day of great optimism. some other news, they got to the final two are now raising awareness of having a stoma, 150,000 people in the uk have one and she told the bbc why it's important to talk about. it bbc why it's important to talk about. .., , bbc why it's important to talk about. , ., ., ., about. it can be a taboo and it's super— about. it can be a taboo and it's super important - about. it can be a taboo and it's super important as - about. it can be a taboo and it's super important as well| it's super important as well that we are — would you advocate for red and would do show people that you can see someone on the street and have no idea what they are 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. how good does this look? you can watch more on the iplayer. you're all caught up. have a good night.

hello, and welcome to sportsday — arsenal are back to second. here on the scoresheet for their win at nottingham forest.

an upset at cath connor, south africa stunned the pretournament favourites to make the koorda finals. and the switch made to live golf, working up withjohn on the saudi backed tour this week. welcome along to sports day 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. it is a really difficult place

to come and they have shown that against top teams.