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tv   Business Today  BBC News  May 21, 2024 12:30am-12:46am BST

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our north america business correspondent michelle fleury has all the details. the future of the pc may be here. microsoft announced new conversational artificial intelligence features for windows pcs and a line of surface tablet computers. one of the features is dubbed to help you find anything you viewed on the pc in the past. there's also a live translation, 44 language, and something for creative times — for example, in microsoft paint, it draws an image based on your sketch. these are all powered with new ai chips to deliver longer battery life, and all this matters because today, most ai software runs in the cloud, which uses a lot of energy. being able to work on the device thanks to a more processing power, that not only improves the data security,
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it's also more climate friendly. microsoft is letting its new ai checks will help kick—start a new era of pc sales. sticking with al — a global summit on artificial intelligence kicks off in south korea's capital of seoul on tuesday, focusing largely on al safety. this follows an inaugural meeting held in the uk last november. i spoke to industry expert wei sun about her expectations from this summit, but started off by asking if she thinks microsoft's new pcs will be a game—changer. i think it's a big moment for not only microsoft in the pc industry, but also shows the ambition and capability of incorporating the pc, so everyone can have it at any anywhere. it is a big change. return back to the summit, what will be the main focus of these meetings and south korea? i think the government and the countries will need to
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collaborate on consensus on al framework, especially for legal frameworks. so everyone can collaborate better. also, you mentioned microsoft, last week about google and openai. how transparent they can be when they are developing a frontier area model. that's a big problem and that is a big issue to talk about in my opinion. it to talk about in my opinion. it is moving fast. a lot of announcements lately. we've just seen the microsoft and chat dbt. this presents more challenges to keep up.- chat dbt. this presents more challenges to keep up. yes, and i think the _ challenges to keep up. yes, and i think the policies _ challenges to keep up. yes, and i think the policies are _ i think the policies are lagging, but with al progress, he needs to speed up and countries need to collaborate to make sure that everything is bringing the beneficial side of societies. ., ., , , societies. regulators will be interested — societies. regulators will be interested in _ societies. regulators will be interested in protecting - interested in protecting consumers and the ethics of ai.
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is ethics something corporations are also working towards? i corporations are also working towards? ~ ,., ., towards? i think some of them are, but there's _ towards? i think some of them are, but there's no _ are, but there's no enforcements, there is no agreement on that. i think it needs to be discussed on the top level, and then it can be implemented on a much finer level of the ai deployment. in other news, the indo—pacific business forum is about to get under way in the philippines. organised by the us trade and development agency, it connects financing sources. the development of economic cord or in the southeast asian country will be closely watched. it falls under a us initiative touted as an alternative to china's belt and road. let's speak now to amos hochstein, who is attending the forum. he advises us presidentjoe biden on energy and investment. firstly, talk us through the priorities during this summit. thank you for having me. it's great. indo—pacific business
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forum, this is the largest it's beenin forum, this is the largest it's been in the highest level. i'm here representing president biden because the importance of the indo—pacific for the us economy, for the global economy in general, but specifically for us growth in economy. as we focus on strengthening economic relationships, chief among them — the forum in manila this year, where president bidenjust met manila this year, where president biden just met with the two leaders. we need to follow through with making sure we can get those a investments under way and to see how we can connect american businesses with the indo—pacific here in manila. with the indo-pacific here in manila. ., ., ., manila. how are you getting on with that? _ manila. how are you getting on with that? for— manila. how are you getting on with that? for example, - manila. how are you getting on with that? for example, the i with that? for example, the economic corridor was announced last month. any development? i
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think we're very excited about this corridor. i think this means to try to look at how do we prioritise investments in the infrastructure that's necessary to drive business. businesses who are looking to invest in this region need to make sure they have access to affordable and reliable energy, that the railroads, ports, airports are functioning, but the necessities are there — and that alone could turn into billions of dollars of investment in advanced sectors investment in advanced sectors in a varied number of sectors, whether it's in the microchip and semiconductor industry, all the way to the agribusiness. they'll need to be able to have physical and destruction but connects them to the market. that's what we announced and we are here to follow up from last month. we are here to identify
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how best to move on and to identify the financing at lower cost of capital to make sure those investments happen. just a cuick those investments happen. just a quick question on semi conductors. where does the philippines fit into this in the gram skiing of themes? i think you've noticed that we are zeroing in on semi conductors and chips overall. i think the philippines already has a number of important semi conductor companies here, including american ones. we would like to see that expand. so that we can diversify global supplies. philippines happens to be a great country with a good government and an existing industry, so the more that we can do to make sure that the cost of capital for additional investment, that the access to the ports and the airports and the ports and the airports and the roads are there, that there
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is enough clean and reliable and affordable energy, because as you know this business, we need a lot of energy concentrated and mn. as we look to attract more investment into the semiconductor and microstrip business, we want to focus on the surrounding infrastructure that will support the investments. what are the risks — support the investments. what are the risks on _ support the investments. what are the risks on your— support the investments. what are the risks on your radar? . support the investments. what are the risks on your radar? i l are the risks on your radar? i think as we make the transition globally from fossil energy to a renewal energy around the world, sometimes i try to go a little faster than the economy allows us. —— sometimes we. we have to accelerate the investment in clean energy and into the battery storage that goes along with it will at the same time making sure that we have access to energy as we
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grow our demand. i listened to your show and a lot of focus on al and data centres, so as we ai and data centres, so as we look at expanding that, it requires more and more energy . —— energy demand. we have to make sure we have new clean energy come on the line that has that reliability and that we were able to supply the rest of the grid as it grows from electra vacation —— electrification and so on. there's a lot to do and there's a lot of demand on energy that we thought may have been slowing down, but as technology ramps up, and or did you demand is growing. whether it's even the fossil fuels, we is growing. whether it's even the fossilfuels, we have is growing. whether it's even the fossil fuels, we have to make sure we have enough of them to power the global economy. them to power the global economy-— them to power the global economy. we will leave us there, amos _ economy. we will leave us there, amos hochstein, i economy. we will leave us - there, amos hochstein, thank you. returning to india now, where parts of the country are sizzling under an intense heat wave.
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the hot temperatures are expected to continue through the week, disrupting life and pulling numbers as millions of indians cast their votes during the two—month long election. as millions of indians cast their votes during the two—month long election. our india business correspondent nikhil inamdar has the latest. that heat is particularly bad in new delhi where temperatures have soared over 45 degrees. the department predicted the maximum temperatures will have her around these levels around the coming days. this comes as delhi gets set to go to the polls in the next phase. voter toner has been affected —— it turn out. authorities are extending voting times and asking people to protect themselves against heat. the central bank has also warned last month that the soaring mercury could pose a risk to flute inflation which has remained quite sticky —— food and inflation. easy units are flying off the shelf and its
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expected double—digit sales growth this season. expected double-digit sales growth this season.- expected double-digit sales growth this season. let's take a look at wall _ growth this season. let's take a look at wall street. - growth this season. let's take a look at wall street. we - growth this season. let's take a look at wall street. we saw| a look at wall street. we saw mixed finished. powered by gains and other text box. that's it for this addition. i'll see you again soon.
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hey, i'mjulia with the catch up. tonight — a 50—year scandal, updates from the middle east and a real—life shooting star. but first, the nhs knowingly exposed patients to unacceptable risks by treating them
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with infected blood. that's what it says in a report that went public today after a five—year long investigation. it accuses doctors, the government and the nhs of letting patients catch hiv and hepatitis in the �*70s, �*80s and �*90s and then covering it up. ronan�*s mother, jane, died after being treated with infected blood when she was 16. ronan says this was no accident and the truth is finally coming out. about 3,000 people have died and experts say more deaths will follow. rishi sunak has called it a day of shame for the british state. he's apologised and promised to offer compensation to victims. some stories from the middle east now. the chief prosecutor of the international criminal court is looking to get arrest warrants for the prime minister of israel and the leader of hamas. they're the group in control of gaza that the uk government say are terrorists.
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he says it's for committing war crimes. and the president of iran has been killed in a helicopter crash along with their foreign minister and six others. it crashed in heavy fog in the north of the country. and we'll leave you with ten seconds of this mysterious fireball. yes, so the internet has been flooded with has been flooded with videos after this lit up the sky over spain and portugal on sunday night. the european space agency says it looks like a small piece of a comet. and that is you all caught up now. have a good night. hello and welcome to sportsday. i'm sarah mulkerrins. coming up on the programme... in with the new for liverpool, arne slot is officially confirmed as the club's new manager in place of the departing jurgen klopp. with 100 days to go until the paralympics in paris,
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a disability charity says it's "scandalous" more hasn't been done to improve accessibility on the metro. and reaching her peak — can imogen boddy get the better of one of great britain's toughest challenges in running? welcome along. let's start with arne slot, who says the opportunity to work at one of the "biggest clubs in the world" was "difficult to ignore" as he was confirmed as liverpool's new head coach. the reds had already agreed a compensation deal worth £9.4 million with feyenoord. he replacesjurgen klopp, who had been in charge of the club since october 2015. here's our correspondent andy swiss.

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