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tv   Business Today  BBC News  May 14, 2024 1:30am-1:46am BST

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the artificial intelligence race is heating up. openai boss sam altman says upgrades to chatgpt will transform the platform into "ai from the movies". and as india's election enters its fourth phase, we have a special report from the politically sensitive city of ayodhya. hello and welcome to business today. i'm steve lai. let's begin in the united states, because a week of developer conferences are being held in the tech world, with three giants set to release their latest features and products in generative artificial intelligence. up first, chatgpt�*s parent company openai, which unveiled its new flagship model gpt—lio. from new york, the bbc�*s erin delmore has all the details. 20 years ago, the biggest battle in tech was over who would win the war for search engine dominance. google took
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the prize, and it isn't now just a multitrillion—dollar company. it's also a verb. so now enter the latest fight over who will lead on generative ai. who will lead on generative al. the start—up 0penai took the tech sector by storm with its chatgpt chatbot in late 2022. that could answer users�* queries and carry out human—like conversation. queries and carry out human-like conversation. mark, ou're human-like conversation. mark, you're not _ human-like conversation. mark, you're not a _ human-like conversation. mark, you're not a vacuum _ human-like conversation. mark, you're not a vacuum cleaner! - human-like conversation. mark, you're not a vacuum cleaner! as| you're not a vacuum cleaner! as of monday, we're now seeing of monday, we�*re now seeing that conversation happen out loud. the company dem a chatbot that can field questions and give answers via voice. exhale slowl . give answers via voice. exhale slowly- in _ give answers via voice. exhale slowly. in the _ give answers via voice. exhale slowly. in the demonstration, | slowly. in the demonstration, the chatbot _ slowly. in the demonstration, the chatbot was _ slowly. in the demonstration, the chatbot was asked - slowly. in the demonstration, the chatbot was asked to - slowly. in the demonstration, j the chatbot was asked to help someone prepare for a presentation by taking calming breaths. ., �*, presentation by taking calming breaths. . �*, ., presentation by taking calming breaths. . �* , ., ., breaths. oh, that's it! how do ou breaths. oh, that's it! how do you feel? _ breaths. oh, that's it! how do you feel? i— breaths. oh, that's it! how do you feel? i feel— breaths. oh, that's it! how do you feel? i feel a _ breaths. oh, that's it! how do you feel? i feel a lot - breaths. oh, that's it! how do you feel? i feel a lot better. l you feel? i feel a lot better. thank you — you feel? i feel a lot better. thank you so _ you feel? i feel a lot better. thank you so much. - you feel? i feel a lot better. thank you so much. and - you feel? i feel a lot better. thank you so much. and to | you feel? i feel a lot better. i thank you so much. and to tell a bedtime _ thank you so much. and to tell a bedtime story, _ thank you so much. and to tell a bedtime story, even - thank you so much. and to tell| a bedtime story, even changing its tone from sing song to robotic. it also helped the user solve a math equation. not solve it, exactly, but teach him how to solve it.
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0penai got out ahead of a few expected announcements, including one from google this week, microsoft next, and april untiljune. we�*re seeing wider adoption across multiple industries, from sales to marketing and even hospitality. kirsten allegri williams broke down the numbers for us. she�*s the chief marketing officer at software provider infor. according to idc, by 2027, over 25% of all user interactions and enterprise software will be generated by genai. that�*s a profound shift that we can expect over the next few years. so when they�*re looking to adopt ai, it�*s both the sort of internal functions as well as external functions? absolutely. we see that _ external functions? absolutely. we see that companies - external functions? absolutely. we see that companies have i external functions? absolutely. we see that companies have to | we see that companies have to completely reinvigorate their business models. another data point for you is that enterprise businesses will spend more on genai, from $40 billion in 2024, to over $151 billion in 2024, to over $151 billion by 2027, another stat
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from idc. companies like burton snowboards. they are a global fashion retailer and apparel provider. and they really struggle with supply inventory and being able to anticipate customer demand. that�*s no easy feat. so by using predictive intelligence, ai capabilities and automation, they�*re better able to serve their direct consumer and their e—commerce businesses. us presidentjoe biden is set to announce new tariffs today on chinese—made products. it�*s thought the tariffs will hit products like electric vehicles and solar equipment. import taxes on chinese evs are expected to be raised from 27.5% to 100%. treasury secretary janet yellen told reporters on monday that the move could draw a "significant response" from china. a chinese—owned cryptominer has been blocked from using land in the us state of wyoming. an official order requires them to
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diversity from the land it had purchased in 2022. this comes after an investigation - after an investigation identified national security risks from allowing the firm to operate near the site. staying with china, european companies appear to be seeing more challenges than opportunities. the latest survey by the eu chamber of commerce in china found that over half of the respondents cited china�*s economic slowdown as a top challenge for this year. and nearly 60% of companies named regulatory oversight as a challenge when operating in the country. stefan bernhart, vice president at eu chamber of commerce in china, elaborated on its findings. very simple, the slowing growth in china, i think, that�*s a concern of all of us, and it comes along not only with the lower investor confidence, but also consumer confidence. and then, i think, also consumer confidence. and then, ithink, we also consumer confidence. and then, i think, we have on top of that some of the geopolitical concerns, but also the fierce competition that we are faced with here, especial li local compet —— especially
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by local competitors. and on top of all of that, we also see market access and regulatory barriers and now that economy is not doing so well, that weighs much heavier. so what measures. _ weighs much heavier. so what measures, then, _ weighs much heavier. so what measures, then, do _ weighs much heavier. so what measures, then, do you - weighs much heavier. so what measures, then, do you think| measures, then, do you think need to be taken for european businesses to rethink their assessment of doing business in china? i assessment of doing business in china? ~' ., , china? i think the most important _ china? i think the most important thing - china? i think the most important thing would l china? i think the most i important thing would be china? i think the most - important thing would be very decisive and concrete action now to restore the confidence of both investors and consumers. now, in orderto of both investors and consumers. now, in order to do so, i think it would be important to stimulate the economy, to stimulate consumption, but more importantly, i think the chinese government should tackle the structural challenges, for example, the real estate prizes, but also the challenges from overcapacities that are a result of the industrial policies of china. and, as a european chamber, we would like to see also some very concrete and more measures to improve the business environment, for example by creating a level
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playing field in the services industries, orfor public industries, or for public procurement.— industries, or for public procurement. industries, or for public rocurement. , ., procurement. does china need european _ procurement. does china need european investment? - procurement. does china need european investment? we - procurement. does china need | european investment? we have seen president xi visiting europe. is this a reason for optimism? i europe. is this a reason for optimism?— optimism? i think that face-to-face - optimism? i think that l face-to-face exchanges optimism? i think that - face-to-face exchanges are very face—to—face exchanges are very good and i think macron and von der leyen, they address all the concerns of the european businesses. now, we see also much more willingness by chinese government officials to accommodate our concerns. now it�*s the time to walk the talk. billionaire philanthropist melinda french gates has said she will resign as a co—chair of the bill & melinda gates foundation — which she founded with her then husband bill gates. her last day of work will be 7june. the gates foundation is one of the most powerful groups in public health, with an endowment of more than $75 billion as of december. dubai—based airline emirates has posted record profits for the second year in a row. it made more than $5 billion in the last financial year, up 71% from the previous year.
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emirates says it has made profits of over $8 billion over the last two years, wiping out losses seen during the pandemic. india has crossed the halfway mark of its two—month long election, and in the next phase of polling, the politically sensitive city of ayodhya will be voting. this is where prime minister narendra modi inaugurated a hindu temple at the start of this year, calling it the bbc�*s arunoday mukharji reports. ayod hya, ayodhya, where the devout descend to meet the divine. believed to be the birthplace of hindu god ram, it is also where faith, politics and business converge. earlier this year, the bjp delivered on its decades—old promise, by building a ram temple here worth $200 million. the temple replaced a16th—century mosque torn down by hindu mops in
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1992, sparking riots in which nearly 2,000 people died. the temple, hailed by prime minister modi as a political milestone. eye yesterday yoda has always been this old, dusty town in northern india but the ruling bharatiya janata party wants to rebuild this on similar lines to the vatican and mecca. this 80—year—old restaurant has seen a spike in visitors. translation: business has gone up translation: business has gone up eight to ten times since the temple was built. we have had to expand our restaurant to cater to the rising number of visitors we�*re sealing of late. the modi government is spending over $165 million to develop projects at hindu pilgrimage sites. the many brands, tata group�*s hotels is building
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sites at spiritual sites, including three in ayodhya. potential has always been massive. you go to these places in good times, in bad times n celebration times and in mourning times. so i think there is a heath ledger huge inplugs of people going into these places.— inplugs of people going into these places. economic gains aside, politically _ these places. economic gains aside, politically speaking, i aside, politically speaking, experts say this is nothing but an attempt at reviving hindu nationalism by the bjp and it�*s coming at a cost. nationalism by the bjp and it's coming at a cost.— coming at a cost. india has what almost _ coming at a cost. india has what almost 18 _ coming at a cost. india has what almost 18 to - coming at a cost. india has what almost 18 to 20 - coming at a cost. india has i what almost 18 to 20 percent coming at a cost. india has - what almost 18 to 20 percent of its population is minorities. if you�*re going to exclude this 20%, byjust constantly 20%, by just constantly focusing 20%, byjust constantly focusing entirely on 80%, you know the danger really is the destruction of our social fabric. ., , destruction of our social fabric. . , ., ., fabric. india is not new to political _ fabric. india is not new to political campaigns - fabric. india is not new to political campaigns on . political campaigns on religious lines. but as mr modi�*s bjp looks for a third term in power, on test is not
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just the party, but also india�*s secular credentials. you can find more information on our website and other platforms as well. just to let you know the election runs until1 you know the election runs until 1 june. you know the election runs until1june. that�*s next until 1 june. that�*s next month. the �*meme stock�* craze is back in the spotlight. shares of videogame retailer gamestop and movie theatre chain amc havejumped by more than 70% in the us. this came after one of their biggest online champions, keith gill, also known as "roaring kitty", re—emerged on x for the first time in three years. he is credited with helping the struggling companies�* shares explode in 2021, and that�*s it for this edition of business today. thanks for watching.
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i see myself in the girls that we�*re fighting for. i see myself in the girls that we're fighting for.— we're fighting for. climate chan . e we're fighting for. climate change is _ we're fighting for. climate change is real— we're fighting for. climate change is real and - we're fighting for. climate change is real and we - we're fighting for. climate | change is real and we must we're fighting for. climate - change is real and we must act now _ change is real and we must act now. �* , , , now. argument is less powerful than emotion, _ now. argument is less powerful than emotion, and _ now. argument is less powerful than emotion, and negative - than emotion, and negative emotion— than emotion, and negative emotion is— than emotion, and negative emotion is more _ than emotion, and negative . emotion is more pro—powerful than _ emotion is more pro—powerful than positive _ emotion is more pro—powerful than positive emotion. - emotion is more pro-powerful than positive emotion.- than positive emotion. more than positive emotion. more than anything _ than positive emotion. more than anything else, - than positive emotion. more than anything else, when . than positive emotion. morej than anything else, when we have more feminist storytellers. things will change. storytellers. things will chance. ~ storytellers. things will change-— storytellers. things will chance. , ., , ., ~ change. when big names talk, the talk change. when big names talk, they talk to — change. when big names talk, they talk to us. _ it's it�*s the first us presidential rematch in almost 70 years, with the polls suggesting it will be a tight race, decided about by narrow margins. get the latest headlines in the bbc news app. get in—depth coverage from this historic election
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campaign on bbc.co.uk/news. follow the story on the us election, with bbc news. travelling can be so much more than a holiday. it�*s travelling can be so much more than a holiday.— than a holiday. it's about divin: than a holiday. it's about diving head _ than a holiday. it's about diving head first - than a holiday. it's about diving head first into - than a holiday. it's about| diving head first into new experiences. and seeing the world with fresh eyes _ and seeing the world with fresh e es. ~ ., . and seeing the world with fresh e es. . w , ., ., eyes. where each destination tells a unique _ eyes. where each destination tells a unique story... - eyes. where each destination tells a unique story... and i tells a unique story... and every encounter _ tells a unique story... and every encounter brings i tells a unique story... and every encounter brings a l tells a unique story..- every encounter brings a new perspective... every encounter brings a new perspeetive- - -_ perspective... because all of these amazing _ perspective... because all of these amazing places... i perspective... because all of these amazing places... are | these amazing places... are made so _ these amazing places... are made so much _ these amazing places. .. are made so much richer- these amazing places... sire: made so much richer by the people who live in them. so unleash your spirit of adventure... unleash your spirit of adventure. . .- unleash your spirit of adventure... �* ., , ., unleash your spirit of adventure... ., , ., ., adventure... and 'oin us for a dee-er adventure... and join us for a deeper understanding - adventure. .. and join us for a deeper understanding of- adventure... and join us for a deeper understanding of the l deeper understanding of the world. ., ,, .,
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hello. i�*m mark edwards. welcome to sportsday. here�*s what we�*ve got coming up on our show: the late, late show, dramatic comeback sees villa draw against liverpool with
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champions league football tantalisingly within their grasp now. the leading goal—scorer in history in the wsl, miedema, will leave arsenal at the end of the season and andre rublev sent tumbling out by qualifier alexander mueller. hello. thanks for joining alexander mueller. hello. thanks forjoining us. we start with an absolutes roller—coaster of a game in the premier league as aston villaed moved a step closer to booking their place at europe�*s top table. they drew 3—3 at villa park against liverpool to boost their hopes but really had to do it the hard way. they looked to be leaving the door open for rivals tottenham as they trailed 3—1 with five
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minutes left but two goals in three

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