according the commerce department, which was more than analysts had expected. that was led by a slowdown in sales at auto dealerships and gas stations. the data drove the s&p 500 to a new record high. other major us indexes also ended thursday in positive territory. it has also been a big week for artificial intelligence companies, such as nvidia. the chips giant is now the fourth most valuable company in the world, after overtaking amazon and alphabet. the bbc�*s michelle fleury has more from new york. nvidia's share prices shot up a remarkable 230% over the past year. chalk it up to wall street's obsession with all things ai. nvidia makes chips capable of efficiently

crunching massive amounts of data. and these are the chips that companies need to train cup, or cutting edge ai programmes like openai's chatgpt and others from the likes of google, meta and amazon. and with demand for generative ai increasing, nvidia has a huge potentialfor growth. in fact, nvidia has a huge potentialfor growth. infact, many nvidia has a huge potentialfor growth. in fact, many investors believe we are only at the tip of the iceberg. evidence of that came from openai, which on thursday launched a new app called soro that turns text into video. —— three. this video was created by ai software made simply by typing the following words — "a movie trailer featuring the adventures of a 30—year—old space man wearing a red will needed helmet, shot on 35mm film." pretty remarkable. other companies are also racing to develop this kind of instant video generator. still, when it

comes to nvidia's share price, investor enthusiasm even by the super chanced of the tech sector, it's been pretty extreme. staying with al, and turning to the issue of governance — last week, the united nations�* body unesco implemented an ethical framework adopted by 67 countries. gabriela ramos, assistant director general for the social and human sciences at unesco, told me the disussion on al should move from governance to private sector investment. it is not only about regulation, but about policies, about legislation, about capacities, and it's about the partnership with the business sector, for example, the global firm will launch a business council will microsoft and telephonic lg from korea, because of course these are the big corporations that are developing these technologies. but it's the government to should protect the human rights, it's the governments who need to pick something if

you have harm, so i really think we need to put the discussion back into the real thing, because it's not about regulation or not, it's about how much you invest to have the best of this technology out in the world. south korea hasjust released its unemployment data forjanuary. it fell to 3%, down from 3.2% in december. next week, the bank of korea will have its regular meeting to decide on the cost of borrowing. ahead of parliamentary polls in april, president yoon suk yeol has pushed forjobs creation and lower interest rates for an economy that is seen as finely balanced. economist arup raha talked to me about what lies ahead for the country. the economy is moving in a pretty predictable path — but as you brought up the semiconductor cycle has turned, so there some boosters taking place on exports, which in turn

is helping gdp growth. we've got an advanced estimate that it wasn't that way, but 0.6%. you see a better estimate come out later. but the larger picture on the korean economy is this, it's taken a body blow over the last year because of the downturn elect —— in electronics and the global cycle, plus the aftermath of covid. and the bank of korea, which is the inflation targeting bank, has actually stopped raising rates for over a year despite the fact that inflation has been significantly above target. now that said, the economy is starting to move in the right direction for them— inflation is coming down, there seems to be some pick—up in growth, largely coming from the export side. and what we think is that you will get a further boost, it won't be immediate, but later on in the second half of the year, you'll start to see rate cuts taking place which should help the economy. jeiiii

should help the economy. jeff baize oce _ should help the economy. jeff baize oce has sold more shares of the county giant for the furred time this month. he sold around $2 billion in shares of the last two days, according to a regulatory filing. he is recently sold over $6 billion and amazon holdings. calling it unconstitutional. india's top court has struck down a scheme that allowed people to make anonymous donations to political parties, calling it unconstitutional. electoral bonds, as they're known, were launched by prime minister narendra modi's government in 2018 and his party has received most of the funds. but fivejudges in the supreme court have now ruled they violate citizens�* right to access information held by the government with critics saying the scheme distorts democracy. india has the world's

third—largest start up ecosystem. but in recent weeks, troubles have been mounting for paytm and byju's — once the poster boys for entrepreneurship in the country. they are facing the heat from investors and regulators. the bbc�*s india business correspondent nikhil inamdar explains. the past few months have seen a big drop in the fortunes of two of india's best known start ups. let's run through some figures. that's the plunge in the valuation of byju's. once considered the world site was valuable start up, the fall in demand for online learning post—covid was one of the reasons for the company was my downfall. foreign investors are suing byju's over missed payments and there have been rates by india's enforcement agencies. look at this — the share price of paytm. the fintech giant had the biggest sale of india last year. but after india's control banker recently asked the company's

payment bank the halt business due to regulatory concerns. these two companies, once start up these two companies, once start up darlings, highlight the bows of an ecosystem that's now gasping for breath. let's rewind a little bit to 2021. while covid dealt a brutal blow to the global economy, india's start up industry appeared to be immune. the country need them i commented nearly 50 new tech startu ps them i commented nearly 50 new tech startups with a valuation of over $1 billion. they raised an eye—popping $112 billion. but then, things quickly began going downhill. so what went wrong? going downhill. so what went wronu? ., , .,, wrong? companies raising caital wrong? companies raising capital inflated _ wrong? companies raising capital inflated rounds, i capital inflated rounds, leading to founders getting into a — leading to founders getting into a market share grab with massive — into a market share grab with massive bonds by postponing their— massive bonds by postponing their process by maybe a couple of years — their process by maybe a couple of ears. �* , , ., ~ , of years. but these mistakes have turned _ of years. but these mistakes have turned costly, - of years. but these mistakes have turned costly, tens - of years. but these mistakes have turned costly, tens of. have turned costly, tens of thousands of young indian techies have lost theirjobs.

dozens of startu ps techies have lost theirjobs. dozens of startups have techies have lost theirjobs. dozens of startu ps have struck shop, the sector has seen a bit of a funding for with newbie companies managing to raise barely $7 billion last year. as interest rates in the us normalise, global geopolitics gets more complex and concerns loom large. it could only get march worse before things begin looking up for india's start ups. —— much worse. mental health conditions like depression and anxiety are resulting in 12 billion lost days of work a year and costing the global economy $1 trilion in lost productivity. that's according to the world health oranisation. on this week's talking business weekly, my colleague tadhg enright has been talking to who expert aiysha malik on the issue. i think if you recognise in yourself that you might be experiencing some difficulties with their mental health, there are a couple of different options available to you. the first one is to go talk to your primary health provider and have that discussion with them,

to see if there's any support that they might be able to offer you or refer you to. if it feels difficult to talk to your primary care provider, you could talk with someone you trust and have that conversation with them, and see if that conversation takes you in a direction of either going to your health worker or may be taking some actions for yourself to support your mental health. now if you notice it in a colleague, depending on the quality of your relationship with that person, you might offer to take them for a coffee or lunch, orthat offer to take them for a coffee or lunch, or that kind of a circumstance to just ask how they're doing. see if they open up. now it's important to not pressure people to open up because a lot of people do not feel safe to disclose their mental health in the of work, but i think many people would appreciate being asked, "how are you?" if they were going through a difficult time. in the markets... the markets in asia are making gains following the rally on

wall street. japan's nikkei is trading at a high towards an all—time record set three decades ago, of course after these gdp numbers came showing these gdp numbers came showing the economy had slipped into a recession. and that's it for this edition of asia business report. thanks for watching. bbc news — bringing you different stories from across the uk. russell coleman is at home with stone. but at his newcastle studio, an idea he had a decade ago is now starting to take shape. so this is my new big project, and it's called drawn. this is a million drawings drawn over the next five years. by you? by me — each one is individual, they may be in sets. so this set is 1,000 on chinese

paper for the chinese new year. the idea is that a million people can own one big artwork. how long will it take you — five years, you say? yeah, five years! what does that mean? about 4,000 a week. blimey! why are you doing it? it's a sort of antidote to the art world. so, this one — because i have a million owners, all owning this one artwork — it will only ever exist once it's made. for more stories from across the uk, head to the bbc news website. hey, i'mjulia with the catch up! tonight — blue tick concerns,

news about the brits, and a crime—fighting teddy! but first — the uk has entered a recession. the economy failed to grow over the summer, and it shrunk more than expected in the last three months of 2023. it came down to people spending less money a drop in school attendance, as well as the doctors' strikes. in real terms, the average person was worse off in 2023 by £140 — compared to the year before. some other stories now — in bristol, a 16—year—old boy has died after being stabbed to death on wednesday night. he was attacked by two people wearing masks. police say a murder investigation has been launched, and they've got more stop—and—search powers until friday evening. x — the app that used to be twitter — has been accused of taking payments from terrorists. you can get a blue check mark for a monthly fee — and a research project found blue ticks on accounts linked with designated

terrorist groups. the platform has since removed them from the accounts identified in the report. and it's official — jack saunders and yinka bokinni will host the red carpet show at the brit awards in march. jack — who hosts the official charts show on radio 1, says he, "can't wait to bring a bit of fun and chaos to the night!" and we'll leave you with ten seconds of a teddy undercover. so, this big teddy bear is actually a peruvian policeman, paying a visit to an alleged drug dealer. two women have been arrested during the operation, and it all happened on valentine's day! you're all caught up now — see ya!

hello, and welcome to sportsday — i'm hugh ferris. our top stories... we speak to red bull boss christian horner, as he appears in public for the first time since allegations of inappropriate behaviour. you know, i deny anything — any of the allegations that have been made. so for me, it's absolutely business is normal, focusing on preparing for the season ahead. rohit and ravi — a hundred apiece helps india recover from a shaky start to the third test against england.

and i'm off! kylian mbappe tells psg he's leaving at the end of the season. hello again, welcome along. the boss of the red bull formula one team, christian horner, has made his first public appearance since allegations of inappropriate and controlling behaviour were made against him by a female colleague. he admitted that the allegations — which he denies — were a distraction, but he said it was business as normal as the team focus on preparing for the new season. he was speaking to our sports news correspondent laura scott. it was planned as a celebration of 20 years of red bull racing, and the unveiling of the car they hope will help them defend their two world titles. but with the world's media

gathered, there was no escaping the fact that the man at the helm, christian horner,