hello, and welcome to busines today. i'm steve lai. let's begin in taiwan — where nvidia boss, jensen huang, has laid out the company's latest road map for artificial intelligence chips. he says the chips will unlock 100 trillion dollars�* worth of opportunities in the manfacturing, health care, and computing industries. your future pc will become an ai, it'll be constantly helping you, assisting you in the background. pc will also run applications that are enhanced by ai. of course, all your photo editing, your writing, your tools, all the things you use will all be enhanced by ai. and your pc will also post applications with digital humans that are a ice —— host

applications. —— that are also ai. mr huang informally kicked off the computex technology expo in taiwan, on sunday. the event is also being attended by bosses from other large chip—makers, including intel and amd. with the ai chip race heating up, companies are racing to catch up with nvidia, which is the leading manufacturer of the advanced technology. that's according to industry expert bob o'donnell. this is the most exciting computex show in a very long time, is the first time i been backin time, is the first time i been back in almost 15 years because i feel at such a big deal. back in almost 15 years because ifeel at such a big deal. and forjensen, he is the rock star — he's literally on a stadium tour, all his last speeches have been in stadiums like a rock star. there was a lot of excitement there, and he's got a big vision story to tell because he is indeed the figurehead leading the industry at this point. his idea is, "look, companies are now starting to leverage ai across all kinds of applications, and there's enormous opportunities." now he opportunities. " now he acknowledges, opportunities." now he acknowledges, because his favourite line is, "the more you buy, the more you save," he

says it's correct but it's not accurate. that's the gist of the store he's trying to tell because that's a huge investment. that's the question people have — right now people are spending a lot of money, and the question is, when will be some of that —— season of that payback and how does that work out? whatjensen was describing i think will happen, the question is the pace at which it happens — and again, as you hinted at, what about these other competitors and how do they impact nvidia themselves?- do they impact nvidia themselves? , ., ., ., themselves? just elaborate on themselves? just elaborate on the competitors _ themselves? just elaborate on the competitors then, - themselves? just elaborate on the competitors then, are - themselves? just elaborate oni the competitors then, are they playing catch up and how far behind are they? mil playing catch up and how far behind are they?— playing catch up and how far behind are they? all these guys are working _ behind are they? all these guys are working hard _ behind are they? all these guys are working hard to _ behind are they? all these guys are working hard to compete i behind are they? all these guys are working hard to compete at| are working hard to compete at different levels with nvidia, directly in the ai data sector, amd is the biggest competitor for them, and the company is expected to have more announcements around their competition versus nvidia. but it's been slow. i will say, however, we are in a situation where nvidia has 90% share —

and that means people are looking for alternatives, so we'll see intel talk about some of the chips they've already announced, and there's a whole bunch of smaller companies that aren't even here at computex that are also working to compete against nvidia. so i think it's a big enough by that nvidia will grow, but those other competitors will grow, as well, so it's good news for everybody, and that's why there's so much buzz and excitement here at computex. we've seen announcements recently about how ai has been built into pcs. how big a deal is that? i built into pcs. how big a deal is that? ~ �* . is that? i think we'll hear more from _ is that? i think we'll hear more from amd - is that? i think we'll hear more from amd and - is that? i think we'll hear| more from amd and intel is that? i think we'll hear . more from amd and intel on is that? i think we'll hear - more from amd and intel on that front. again, we are completely reinvigorating the pc market. i've been covering over 25 years and i've never seen anything it. it's very exciting — for the course of this year, you'll see a lot about al, and you'll see a lot about al, and you'll be able to do things you weren't able to do before, and that's making it very exciting. we are keeping an eye on that

computex expo in taiwan. the prime minister of lithuania has told the bbc that the country faced "coercion" from china after allowing taiwan to open a de facto embassy. lithuania has deepened ties with taiwan in recent years, including in the semiconductor space, where taiwan is helping lithuania develop its chip manufacturing industry. i spoke to prime minister ingrida simonyte when she visited singapore recently. she told me how lithuania responded to beijing, and where relations stand with the world's second largest economy. the best answer was to, first and foremost, to look for our partnerships, for our businesses. and i think this goes well, and then, also to speak about this on the international level from eu to wto. now there is an anti—corruption mechanism that has been elaborated at european level.

and i think european policy — eu policy, vis a vis china, is becoming much more coherent than it was. tariffs that the us has imposed on china when it comes to ev and chips, and tech — fo you see that having any impact on on what it is you're trying to do? the world is shifting to a reality that is quite different from what we were believing some 20—30 years ago, when there was a very strong belief of reduction of tariffs, globalisation, international trade and, yes, in theory, or by david ricardo, we all know that this makes everybody richer. but what is less pleasant in this equation is that it works. i think only when countries are on the same ground when it comes to democracy, human rights, independent courts, freedom of speech, free elections, and so that

you more or less know what to expect from the other, because the other is quite similar to you. take russia's export of gas to european union — it was, i would say, a plan to have the region basically hooked on energy supplies. and then, at the worst point, it becomes your problem, like it was in 2022 when the taps were being closed and there was a huge challenge for europe. shall we blink and say, "we give up, we don't care about ukraine any more?" or shall we rearrange our energy supplies at a very high cost? so we need to be mindful that not all the countries are like—minded. and unfortunately, we need to arrange our relations so that we take into account the security challenges, because they

might be striking us at a very bad moment. as being the smaller country in that with these much bigger powers, how do you navigate that? ., , ., , that? for us, for democracies, it's important _ that? for us, for democracies, it's important to _ that? for us, for democracies, it's important to become - it's important to become resilient. it doesn't mean that we won't trade it, it doesn't mean we won't have interaction, but it means that we should also be resilient in those processes, not taking to high risks that might become our problem, orwe risks that might become our problem, or we will have to make choices that we do not want to make. turning to the oil industry — members of the 0pec+ cartel have agreed to extend most of its production cuts to 2025. the cuts, which were first agreed in december, were due to expire at the end of this month. meanwhile, a private survey released in the coming hours will shed some light on how the chinese economy is doing. factory activity in the world's largest marketplace slowed by more than expected in may. harry murphy cruise, an economist with moody's analytics, gave us a sense of what lies ahead for oil prices.

i suppose not an entirely surprising decision. we had expected some of these cuts to continue through to the end of the year. what we saw over the weekend was something that went a little bit further than that. but really, i think that reflects some of the uncertainty in oil demand at the moment. so, you know, you look around the world, we've got inflation that's digging in its heels in a number of countries. that really raises the prospect that interest rates stay higherfor longer — that would dent demand for oil. similarly, china's manufacturing led growth recovery is showing a little bit of shakiness in some areas. if that were to continue, that would also dent demand for oil. so look, i think we're really seeing that being reflected in opec's decision here. it doesn't change our view too much in the short term — we had those cuts baked in until the end of this year, 2025 is really where we expected to see oil prices come back down a little bit quicker. this mayjust be a little bit of a handbrake

on that going forward. we are expecting some pmi data out in the next few hours. what are your expectations then? if we go if what we saw last week, which was the official pmi data, we saw the manufacturing sector go back and a contraction after two months of showing expansion. and if you look under the hood of that top line figure, there was weakness across the board. so we had the new orders subcomponent dropping below 50 — that shows contraction in the sector. new export orders as well showing contraction — and that's a real concern for china because it's put so many eggs in this manufacturing basket, that really is probably the only bright spot of china's economy at the moment, when you've got households that aren't spending and property market that continues to go south. so if you see these real loan growth drivers starting to struggle, than that really does cloud it's 2024 and beyond 0utlook.

chinese fast—fashion giant shein is expected to confidentially file for a listing in london, according to media reports. the move, which was first reported by sky news, could take place in the coming days. the company is turning to the uk after facing opposition from lawmakers over plans to list in the united states, because of its ties to china. shein did not immediately respond to a bbc request for comment. we will keep you up—to—date if there is a response to that story. and that's it for this edition of business today. thanks for watching. bye for now.

hello, and welcome to sportsday — i'm karthi gnanasegaram. here are the day's headlines. sensational swiatek eases into the french open quarter finals, while sinner survives a scare in the men's draw. double delight for the co—hosts at the t20 cricket world cup, as both the west indies and the usa start with a win. and fenerbahce fever — jose mourinho is back in the dugout, and has a message of love for his new club. a message of love i a message of love promise you that from this moment, i promise you that from this moment, i belong to your

family. this shirt is my skin. cheering plan to get through. but we start at the french open — where the quarter finals are beginning to take shape, but it looks like it will take something special to take the women's title away from iga swiatek. the world number one remains on course for a third successive success at roland garros, after an emphatic fourth round victory over anastasia potapova. swiatek took just 40 minutes to win, dropping only ten points in the match — in a 6—love, 6—love victory. swiatek will play the current wimbledon champion, marketa vondrousova, next. i was playing great in a really solid, efficient way. i didn't lose any points that i didn't

need to, so i'm happy with the way i was disciplined, and i just stuck to my tactics for the whole match. for a second successive year, 0ns jabeur is into the quarterfinals. she beat denmark's clara tauson in straight sets, 6—4, 6—4 — and will now play the us open champion coco gauff, after she eased past italy's elisabetta cocciaretto, dropping just three games in a straight sets win. carlos alcaraz has moved a step closer to a possible first title at roland garros, after another impressive performance on the clay courts of paris. the wimbledon champion eased past the 21st seed, felix auger aliassime, winning in straight sets injust over two hours. alcaraz will play stefanos tsitsipas in the quarter finals, after the greek ninth seed beat matteo arnaldi in four sets. he didn't beat me. so the matches that we've played — i

won