hello, and welcome to business today. i'm steve lai. let's begin in taiwan — where nvidia bossjensen huang has laid out the company's latest roadmap for artificial intelligence chips. he says the chips will unlock 100 trillion dollars�* worth of opportunities in the manfacturing, healthcare, 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 host applications with digital humans that are ais. mr huang informally kicked off the computex technology expo in taiwan on sunday. the event is also being attended by bosses from other

large chipmakers, 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. it's the first time i've been back in almost 15 years, because i feel it's such a big deal. and forjensen, he's 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 the big vision story to tell, because he is indeed the figurehead leading the industry at this point. and his idea is, "look, companies are now starting to leverage ai across all kinds of applications, and there's enormous opportunities." now he acknowledges — because his favourite line is,

"the more you buy, the more you save" — he says it's ceo maths, so it's correct, but it's not accurate. that's the gist of the story 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 pay back, and how does that work out? whatjensen was describing i think will absolutley 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? so elaborate on the competitors, then, are they playing catch—up and how far behind are they? all these guys 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 some more announcements around their competition versus nvidia — but it's been slow. i will say, however, we're in a situation where nvidia has 90% share — and that means people

are looking for alternatives. so you'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 pie 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. ai is getting into everything. we've seen announcements recently about how ai has been built into pcs, as well. how big a deal is that? i think we'll hear more from amd and intel on that front. and again, we are completely reinvigorating the pc market. i've been covering it for over 25 years and i've never seen anything it. it's very exciting — throughout the course of this year, you'll see a lot about al, and you'll be able to do things you weren't able to do before, and again, that's making it very exciting. the prime minister of lithuania has told me 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. —— anti—coercion mechanism. 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 — do you see that having any impact 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? for us, for democracies, it's important to become resilient. it doesn't mean that we won't

trade, it doesn't mean we won't have interaction, but it means that we should also be resilient in those processes, not taking too high 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. let's turn our attention to china next. we're expecting some pmi data out in the next few hours. what are your expectations there?

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 drop back 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 are keeping an eye on that computex technology expo taking place in taiwan. we've already heard from jensen huong from nvidia over the weekend, and we are looking out for words from the ceo of amd, the main competitor to nvidia. we will bring you that when we have more information. in the meantime, goodbye 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. i promise you that from this moment, i belong to your family. this shirt is my skin. plenty to get through, but we start at the french open — where the quarterfinals 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 a0 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 ijust stuck to my tactics for the whole match. for a second successive year, ons 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.