�*that �* that its �*that its dividend and chipmaker that its dividend and announce a ten for one stock split. michelle fleury has more on these stellar report card. the number of times that al has been mentioned on earnings call this quarter is up sharply from the previous one, which helps explain why investors are so obsessed with nvidia's earnings. it's seen as a bellwether for the ai industry, and the chip giant's latest results show that demand is off the charts. nvidia reported a net income of $14.9 billion. now, put that another way — the company is making around $6.8 million in profit every hour. as for its revenue for the last three months, it came in at $26 billion, up a whopping 262% on the previous year. about the results, founder and ceo said the next industrial revolution has begun. its business, once built around chips tailored to gaming consoles, has been transformed by demand from data centres, which are at the heart of the generative ai boom and have sent its share

price on a tear. the stock? well, it's up 97% this year alone. we dug into nvidia is resold with marc einstein, chief analyst and digital services at itr corp. he said if the momentum is sustainable. i can't really remember the last time we were talking about triple—digit growth in the tech industry. so this is very exciting but, as you've said, this is being driven by the big data centre players, and they do have a buying cycle and so i think we need to be a little bit cautious when we think about, you know, how long we can expect this kind of phenomenal growth to continue. well, nvidia also announced that they will be having a 10—for—1 stock split. what does that mean for investors? i mean what it really means is this is becoming one of the largest held retail stocks. and so, you know, we're going from institutional to retail and that will change the price dynamics

and the outlike of the —— outlook of the stock as well. and the outlook of the stock as well. and artificial intelligence chips, they are expensive, and new versions are coming out all the time. how is that different from even just a few years ago? and what does it mean for the industry? right, so what we're really seeing right now is an arms race the big chip—makers to come out with bigger and better, more efficient chips every year or even less than that. and so what that means is that companies like amazon have already said that they are, you know, going to very, very closely follow the road maps of the chip makers, which are getting tighter and tighter and this will again play very much into the revenue performance of nvidia and its competitors. and the knock—on effects of more and more companies making use of this technology and seeing fast impact of the super chips, what is it mean for workers, for employees as well? that is a really fascinating part about the story is that microsoft, amazon, google are placing huge bets on this

because their bedding that companies are going to change the way they do everything with generative ai, that include coding, graphic design, you name it and so, i think that thatis name it and so, i think that that is the story behind the story here. is that what generates is the way we work. fix, generates is the way we work. a final thought on that, going forward with generative ai, that's only going to be more interested into our lives, isn't it? it interested into our lives, isn't it?— interested into our lives, isn'tit? ., , , isn't it? it is and that is why the european _ isn't it? it is and that is why the european union - isn't it? it is and that is why the european union and - isn't it? it is and that is why the european union and the united states, japan was seeing a lot on the regular tory front, allowed to be done there and again, my one day be placed into the revenue performance of nvidia and other ai chipmakers. meanwhile, here in asia, the ai boom has boosted prospects for companies like taiwan semiconductor, contractorfor manufacturing nvidia chips. japan's softbank is betting big with a multi— lintel investment in the chip design unit i am. i spoke with tim waterer and asked about the spillover

effects he is seeing in asia. in terms of the industry in general, i think we can look at it as a case of a rising tide lifting all boats. because, you know, i think that forecast from inindividual shows that the ai momentum doesn't seem to be slowing down any time soon, which would bode well for the companies you mentioned there — taiwan semiconductor, softbank, courtesy of its investment in arm holdings. so i think that companies will continue to invest in al. but there will be some, you know, potential effects, you know, down the track for the economies and for society in general, i think. so right now when companies invest in al, that's being, i guess, rewarded by the shareholders. when they see the benefits on their bottom line. longer term, i think there are some questions, you know in terms of ai replacing jobs and that kind of thing. so something to look out for. i know that earlier this year, the imf for example forecast that al could affect 40% of globaljobs going forward to varying degrees. so i think that's something we don't know the answer to longer term, how ai will affect the economy going ahead. so that's a question

still to be answered, steve. well, china tech companies have also on the ai bandwagon. do you see offerings like baidu — how do they stack up with leaders from the us at the moment? well, i think nvidia are certainly still enjoying the fruits of that first—mover advantage, which we saw in the figures today. but investors aring looking on the periphery for other companies because they're seeing nvidia's share price and, you know, homing they haven't missed the boat but looking for, you know, alternatives elsewhere, so i think there are a number of companies, for example the ones you mentioned in terms of china and else where where, so i think that what we're seeing is that we could see, like, supplies to nvidia, their stock price also receiving a kick—on effect as well. the usjust the us just apartment is set to file an anti—trust lawsuit against the payment conglomerate live nation as early as thursday. multiple sources familiar with the confronted cbs news. the federal, it will be joining confronted cbs news. the federal, it will bejoining its legal challenge by numerous state attorney—general�*s,

prosecutors are expected to challenge the ticketmaster parent company's practices and could seek to force a change in how the company does business. —— justice department. how the company does business. ——justice department. to australia with a rate of digital payments have shot up over the last few months, one of the country's biggest bank is predicting australia will be come cashless by 2026. meanwhile, charities are worried that those without access to technology will be struggling with the transition. from sydney, phil mercer takes a closer look. australia's economy is now moving to a different beat. cash is no longer king. i used to do a lot more busking a few years ago and i had another go recently and i've just noticed that there hasn't been as much cash around. australia has lead the world in embracing digital payments, but some are being left behind. in low socio—economic

areas i think people that don't have access to technology, don't have access to smartphones — those individuals will have a really tough transition. i think it affects the disadvantaged communities probably in the most negative of ways. banks are predicting that australia could become largely cashless within two years. it would be a blow to those who like the feel of real money and the sense of control that cash gives them over their finances. it is tangible. there's no fees on cash. most merchants now charge, or pass on the fees to their customers. that doesn't happen with cash. i like nice, clean notes that i can spend and know what i've got left at the end of the day. and because, yes, i like the almighty dollar. there are also concerns about network outages or cyberattacks that can disrupt the digital economy. others are worried that without cash they will pay more in banking and card fees, while some don't trust financial services to behave ethically in a cashless society.

i felt insecure tapping. i felt like they could just put in an extra amount and i'm left without the money on my card. techxperts believe that australia's march towards a future overwhelmingly dominated by digital payments is unstoppable. we're pretty far along the path. we have compared to a lot of countries around the world really sophisticated point of sale equipment. i mean, anyone who pays with a tap card here compared to trying to do that in the us has had that experience. and, so, we make it very easy. australia's reserve bank says the covid pandemic accelerated the adoption of contact—free payments. notes and coins are unlikely to become fully extinct. some australians are cashing in while they can. phil mercer, bbc news, sydney.

in other news, the minutes from the us central banks last policy meeting indicate fed officials are uncertain about whether the current level of interest rates in the us is high enough to ensure inflation come down. some even indicated they are willing to raise the cost of a borrowing if inflation suddenly spikes. worth noting that the last fed meeting was held before the latest reading consumer prices which showed them cooling off in april. british mining giant anglo american has rejected bhp's anglo american has rejected bhp�*s third takeover proposal worth around $49 billion. they have agreed to a one—week extension to allow bhp to make another binding offer. anglo american dismissed the first two office for being too cheap but says the third offer was ruled out due to the structure of the deal. in the european says —— space agency has appointed with a satellite to detect the sound energetic outburst. called the visual, it

will be able to forecast a further three — four days notice of solar storms, it will be built in britain and cost about $370 million. —— european space agency. that's it for business today, thank you for watching and i'll see you again at the same time tomorrow. for now.

hey, i'm zof with the catch up. tonight — a uk general election begins, palestinian statehood and flamingoes. so, i hope you don't have many summer plans because prime minister rishi sunak hasjust announced a new general election. that's right — after months of batting away speculation about when the vote might be, he's finally pulled the trigger for the fourth ofjuly. the conservatives are currently behind the labour party in the polls, but after positive news today that the rate of inflation is now down to 2.3%,

mr sunak stresses his party is the only one who could offer long—term economic security. this is what he said outside number 10 earlier. earlier today, i spoke with his majesty the king to request the dissolution of parliament. the king has granted this request and we will have a general election on the fourth ofjuly. ireland, norway and spain have announced they will formally recognise a palestinian state from the 28th of may. only a handful of countries already recognise the territories as a separate state from israel and the un only granted it observer status which allows it to take part in its proceedings, but does not give it a vote in 2012. spain and ireland said the move was not intended as a slight against israel or a show of support for hamas, but rather a call for peace. time now to leave you with ten seconds of a flamingo that was unlucky in love, but has now amazingly later, laid herfirst egg

at the age of 70. gertrude is part of a pack of 65 flamingos at pensthorpe nature reserve in norfolk, and workers there said it was an incredible sight to see. i absolutely love that. you're all caught up now. see you later. hello and welcome to sportsday. i'm gavin ramjaun. atalanta produce a stunning performance to win the europa league and end bayer levekusen's season—long winning run. the talk turns to the vacant managerial premier league posts, with chelsea among the clubs on the hunt for a new boss. and many happy returns to novak djokovic who wins on his 37th birthday in geneva.

hello there, and welcome along to sportsday, and after a sensational si—match unbeaten run, and on the brink of an invincible season in all competitions, bayer leverkusen fell at the final stage in the europa league on wednesday night. they were beaten by atalanta in the final in dublin, the italian side themselves making history. former premier league player ademola lookman with a sensational hat—trick, the first two before the break. and with leverkusen dominating possession but delivering little — lookman put the final beyond doubt, with his third of the night. atalanta winning their first major trophy in 61 years, and a first ever european title, ending leverkusen's sensational winning streak.

from the goal, i think even before, they have been over us,