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 the prize, and it isn't nowjust a multitrillion—dollar company. it's also a verb.

so now enter the latest fight over who will lead on generative ai. the start—up openai took the tech sector by storm with its chatgpt chatbot in late 2022. that could answer users�* queries and carry out human—like conversation. mark, you're not a vacuum cleaner! as 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. ..and then exhale slowly. in the demonstration, the chatbot was asked to help someone prepare for a presentation by taking calming breaths... oh, that's it! how do you feel? i feel a lot better. 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. openai got out ahead of a few expected announcements, including one from google this week, microsoft next, and april in june.

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 for, sort of, internalfunctions as well as external functions? absolutely. 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 by 2027, another stat 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—to—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 diversity from the land it had purchased in 2022. this comes 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. first of all, 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, we have on top of that some of the geopolitical concerns, but also the fierce competition that we are faced with here, especially by local competitors. and on top of all of that,

we also see market access and regulatory barriers and, now that the economy is not doing so well, that weighs much heavier. so what measures, then, do you think need to be taken for european businesses to rethink their assessment of doing business in 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 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 playing field in the services

industries, orfor public procurement. does china need european investment? we have seen president xi visiting europe. is this a reason for optimism? i think that 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. "this is not a decision i came to lightly," ms gates wrote 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.

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. the bbc�*s arunoday mukharji reports. 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 a i6th—century mosque torn down by hindu mobs in 1992,

sparking riots in which nearly 2,000 people died. the temple hailed by prime minister modi as a political milestone. ayodhya has always been this old, dusty town in northern india but, by building this temple, the ruling bharatiya janata party wants to pitch this as a world—renowned pilgrimmage site on similar lines to the vatican and mecca. less than 2km away, achal gupta's 80—year—old restaurant is seeing a spike in visitors. 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 over 50 tourism projects at hindu pilgrimage sites. among the many brands, tata group's taj hotels is also building several properties across spiritual destinations, including three new

hotels in ayodhya. potential has always been massive. you go to these places both in good times, in bad times, in celebration times and in mourning times. so i think there is a huge inplugs of people going into these places. economic gains 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. india has — what? — almost 18% to 20% of its population is minorities. if you're going to exclude this 20%, byjust constantly focusing entirely on 80%, you know the danger really is the destruction of our social fabric. india is not new to political campaigns on religious lines. but as mr modi's bjp looks for a third term in power, on test is notjust the party,

but also india's secular credentials. the election runs until i june. 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.

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 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.

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