the ceo of nvidia says artificial intelligence is at a tipping point as revenues surged. and turbulent times for boeing. the boss of its 737 max programme leaves the company. we look at what lies ahead for the plane maker. hello and welcome to asia business report. nvidia has just reported its highly anticipated earnings for the final quarter of last year. the numbers did not disappoint, with revenue surging 265%. our north american business correspondent has the latest from new york. nvidia is the leading chipmaker in the united states and the third largest company on wall street. so expectations for their

fourth quarter earnings had had been skyhigh. estimates were that they would reported earnings of $3.64 $4.64 a share and around 24.4 billion in revenue. but the company did better than that. earnings came in at around $5 per share and revenue, $22.1 billion. the company says that revenue during this quarter would beat expectations. the company is riding high on enthusiasm over artificial intelligence. their chips are used to power the ai models that are all the rage in the tech industry right now. that is why quarterly results get so much attention. investors look to the performance for clues about how the ai boom is progressing. to hear the chief executive officer tell at one stage, quote, accelerated computing and generative ai have hit the tipping point. demand is surging worldwide across companies, industries and nations.

we spoke with a technology analyst and asked what the nvidia boss said and meant when he said ai was at a tipping point. we are starting to see mainstream usage of ai. when you have product thinners like microsoft office 365, it's co—pilot. when google integrated into its workspace product. when you have these other services starting to use that, you obviously have many start—up companies with spending money to access to the equipment, large companies like meta who use it to drive all kinds of different algorithms within the tools and services that they offer. the other thing you see is that cross industries it is being used in automotive for design, used in telecommunications industries for planning networks. used in mainstream companies to figure out and get insights

into data that they have not been able to get before. so his point there is that this is now really starting to hit the kinds of companies across the board, notjust specialised tech companies and that is a tipping point for the industry. some of the largest customers are in china. how do you see its chinese business evolving as tensions persist? they spoke about the fact that the set of numbers that grew tremendously were hit quite a bit in china this past quarter and much of that was due to restrictions that the us put on that. they are developing products just for the chinese market to address those concerns so there is hope we could see some growth return but it is something we have to watch. on the automotive side they are doing a ton of business in china and that was not impacted at all. other stories making headlines: the central bank is in no way —— rush to cut interest rates according to the latest minutes from the federal reserve meeting. most officials are wary about the risk of cutting rates too quickly and want to see more evidence of inflation tracking towards the target.

in the last hours south korea's central bank left interest rates unchanged at 3.5% at its first policy meeting of the year. the bank of korea was one of the first central banks to tighten its monetary policy to tackle inflation back in 2021. it last raised rates in january 2023 but kept them steady since then. turning to the aviation industry where there has been a major shakeup at the top of aerospace makers boeing. the head of the trouble 737 max programme has been removed, effective immediately. let's get more on this story from my colleague monica miller in the newsroom. monica, this is a significant move. it is. he is an 18—year veteran with the company and he took over the 737 max programme in 2021 to help revive it after the pandemic. he is the fifth person to hold this position. boeing says the reason

for the changes because they want to improve their quality as well as safety. the announcement comes one week before its ceo, dave calhoune is expected to meet with us regulators over this and it already goes back to an incident in which a door plug dislodged midflight from a brand—new alaska airlines flight back injanuary and that has been under investigation. i have been attending the singapore air show this week and usually boeing makes an enormous splash here but they have a low profile this year. take a look. this is the moment where aerospace makers need to shine. they have a captive audience of potential buyers from over 50 countries at this air show. airbus, the world's largest commercial plane maker made a splash as it is a 351,000 took a spin around the expo using sustainable

aviation fuel. one glaring omission from the lineup was boeing. no passengerjets were on display after a recent midflight incident where a cabin panel detached from a brand—new alaska airlines boeing 737 max 90 to get a preliminary investigation us regulators found four pretty cool bolts were missing that were meant to hold the door plug in place. now the future of the family of the 737 max fleet is in question. this is not the first time boeing has faced the safety crisis. in 2018 and 2019 there were two crashes of the 737 max 8 that claimed the lives of 346 people. people who did not notice what they were flying before will notice this time and as an airframe that is something you do not want. you want people to get on the plane and think how nice it is and enjoy their flight safely. boeing used have the reputation

of building planes that withstood the test of time. theirfans had a motto — if it is not boeing, i am not going. but that was then and this is now. we asked the spokesperson about what it would take to regain public trust. the airplane is the most, by far the most scrutinised air plane in the world in the history of aviation. the safest air plane that can be out there that is out there today. i flew on it last week with my family and all the flights i've been on have been full. despite its problems, many airlines rely on the model, in fact, a 737 max departs every 16 seconds around the world and boeing are still receiving orders for the 737 max. most recently from vietnam airways and an indian airline. but there are contenders waiting in the wings. comac, china's homegrown plane, made an international debut at the airshow. it has regulatory approval only in china which means the long—time rivalry between airbus and boeing will continue. but once the approvals come

rolling in, that may shakeup the two—way dominance in the skies. as we heard from monica the plane maker comac has big ambitions. certification is the first main hurdle and it needs to be recognised by the faa and the european authorities in order to be recognised around the world by most authorities. they are not going to buy the air plane until that is done. and they need to convince these airlines that their plane can be operated reliably. it is still early days in operation. there are a few operating domestically in china but the data is not out there yet to validate the operational integrity of this aircraft. operating economics as well. they have to prove that this plane has similar operating

economics to the a320 and 737. it is more than just offering a cheaper aircraft, it is also about having airlines be able to make money with the air plane at the end of the day. if they do not have a reliable and profitable air plane that cannot be considered seriously. but they have a significant and large domestic market that they will be able to get this endeavour off the ground. the domestic market in china is massive and it is back post covid unlike the international market which has been slow to recover. it is growing and will continue to grow and the market is so big it has come back and they will continue to need a320's and 737 is and wide—body aircraft as well although the domestic market is primarily narrow body and this is where this aircraft fits in. they do not necessarily need that much international if you look at how much they build these per year.

the production and manufacturing plants are conservative so they do not need much of an international market but from a political perspective they do. before we go, united airlines will resume flights to israel starting next month, becoming the first us carrier to do so. the decision comes after a detailed analysis by the company. flights between newark and newjersey and tel aviv with one stopover will start first while the non—stop service will begin later. let's have a quick look at the markets before we go. we have been watching the japanese market which finally surpassed of blue all time high. it briefly crossed the 38,915 mark before trading slightly lower. strong earnings have given up on his stocks a big boost. that is all from now, see you soon.

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. hello. i am stephen with the catch up. tonight, football trolls, £17 million error and does rice really fix a phone? we start with the premier league and, no, not the title race or any transfers — the hunt for online trolls. the bbc has exclusive access to the team tracking down people who send abusive messages to players. they tackle things like racism and homophobia and say levels of abuse are on the rise.

it is something that this branford player knows all about. he told us a few about an incident a few years ago when he was with brighton. "i know where you live and i will come to your house tonight and i will kill you and yourfamily." you can hear a lot more on why do you hate me on bbc iplayer and the podcast is on bbc sounds. a few other stories. a test of one of the uk's nuclear missiles has failed. the second time around that has happened. each test costs around £70 million. next, we have all done it, but don't dry your iphone in rice. that is the new advice from apple. apparently the rice can do more harm than good. and we are told do not use a radiator or a hairdryer either. and he left radio one last week and now it is confirmed thatjordan north is taking over the breakfast

show on capital replacing ronan kemp. he will start in april. and time now for ten seconds of wine. not how quick you can down a glass on a night out, this is someone breaking into a wine factory in spain and spilling loads of expensive wine worth more than £2 million. you are all caught up. have a great night.

hello and welcome to sportsday with me, marc edwards. here is what is coming up on the show. we have an exclusive sit down with the new manchester united co—owner for his thoughts on the manchester united rebuild. the british billionaire says he wants a new stadium, one for united and the north of england. it is about time somebody built a national stadium, in the north. elsewhere, league leaders liverpool leather luton 4—1 to go four points clear at the top of the premier league. could it be ben back bowling? the england captain ben stokes in line to bowl in the fourth test with india.