chatgpt chatg pt under investigation chatgpt under investigation was regulators turned their attention to the

regulators turned their attention to synonymous with the has become synonymous with the revolution. plus, we take a deep dive into the business environment in deep dive into the business environn politicaliailand,, ,, deep dive into the business environn political transition fractious political transition plays out. hey there, welcome to the asia business report. with me, hey there, welcome to the asia busine oi. eport. with me, hey there, welcome to the asia busine oi. we rt. with me, hey there, welcome to the asia busine oi. we begin h me, hey there, welcome to the asia busine oi. we begin in ne, hey there, welcome to the asia busine oi. we begin in the us mariko oi. we begin in the us regulators are taking aim at one of the most renowned names in the artificial intelligence base. chatgpt. the federal trade commission has opened an investigation, saying it is looking into whether the popular chat but hind consumers by publishing false information. the ceo of openai, the company that created chatgpt the company that created chatg pt reacted to of the company that created chatgpt reacted to of this chatgpt reacted to news of this investigation and some of them said his company protects uber —— user privacy. the artificial intelligence company openai is facing a probe by us regulators for the federal trade

commission sent a letter to the microsoft backed company, asking for more information about its privacy and data security practices. the agency also wants to know if the ai tool harm to people by generating false information about them. since its launch, there has been a lot of noise about openai. this is the service that generates convincing humanlike responses to user queries and is expected to user queries and is expected to dramatically change the way we get information online. it is already the subject of fierce debate, including over the accuracy of some of its responses and whether the company violated all those rights when it was training the technology. the spring, congress hosted the chief executive sam oldman for a hearing in which he called for regulation to be crafted for the emergency —— emerging industry. not everyone believes they will have the ability to keep artificial intelligence in check. this man who built the biggest advertising company has

been speaking to the bbc and assessed advertising company think yourself regularly on the ethics of using the technology. we have already taken a position that, example, we won't alter pictures. let's say we had a white actor, we would not convert that white its way black actor for vice—versa. we already put into place ethical protocols that we think are important. this comes back to the self—regulation. it is hopeless for the regulator in my view to believe he or she can keep up with this. what the government has to do and regulators have to do is put pressure on the technology companies to behave in a totally responsible way. having said that, there will always be bad actors. do way that nxt has american residential election some nefarious people will be using ai some nefarious people will be

using al to generate fake images orfake ads using al to generate fake images or fake ads or fake interventions? i think that will happen. interventions? i think that will happen-— interventions? i think that will happen. you also saying then that — will happen. you also saying then that don't _ will happen. you also saying then that don't believe - will happen. you also saying then that don't believe the l then that don't believe the world be able to get together? globally regulate this technology? i globally regulate this technology?- globally regulate this technology? globally regulate this technolo: ? ~ ., technology? i think we have seen it, technology? i think we have seen it. for— technology? i think we have seen it, for example, - technology? i think we have seen it, for example, the i seen it, for example, the american regulator is trying to unravel a deal that google did with double—click ten years ago. the regulator tends to always be reactive. they lack the resources to do that. if the resources to do that. if the government was prepared to pile infinite resources into it in terms of people and knowledge, and data. maybe they might be. what they have to do is work with the industry. let's focus on another ai chat but, the company says the chat but, the company says the chat but is expanding into europe and brazil, easing worries

about overseas regulatory issues. it had been held up into now because of local privacy regulations. google has said it met watchdogs to reassure them on issues relating to transparency, choice and control. alphabet shares closing more than 5% higher on the news �*the higher on the news of the expansion. in another setback for us regulators trying to block purchase of block microsoft purchase of call of duty block microsoft purchase of call of dl a us court rejected blizzard. a us court rejected the ftc request to temporarily hold off the merger. the deal billion would worth nearly $70 billion would be the biggest of its kind in the gaming industry history. on top of this, microsoft reported we offered concessions to regulators as it close regulators as it tries to close the deal. two us owners, jp morgan chase and citibank are due to report second—quarter results later today and analysts would be looking for

balance sheet strength after the failures of several smaller lenders earlier this year. thomas hayes is the chairman of brachial capital and expects positive surprises for investors from the banking sector. ., , ., , sector. right now the estimates for bank earnings _ sector. right now the estimates for bank earnings are _ sector. right now the estimates for bank earnings are plus - sector. right now the estimates for bank earnings are plus 7% i for bank earnings are plus 7% revenue growth which is actually the highest of all 11 sectors in the s&p 500. i do think we're going see some guy downs on net interest income because of the higher for longer interest rate environment we are in moving forward. however, ialso environment we are in moving forward. however, i also think thatis forward. however, i also think that is comprised in. stocks have been debated, if you look years ago, there were trading at all times p, now they are trading at a time. as we know, the secret to happiness is low expectations and i do think the expectations and i do think the expectations are pretty low tomorrow and mayjust be able tomorrow and mayjust be able to beat. tomorrow and may 'ust be able to beat. , ., ., to beat. interesting to hear. at the same _ to beat. interesting to hear. at the same time, - to beat. interesting to hear. at the same time, they - to beat. interesting to hear. | at the same time, they have been worries about the banking

sector after the collapse of some smaller lenders. do you expect some of those big lenders exposure to those smaller lenders when they report their results? it smaller lenders when they report their results?- smaller lenders when they report their results? it is a rearview — report their results? it is a rearview mirror _ report their results? it is a rearview mirror story - report their results? it is a rearview mirror story for l report their results? it is a - rearview mirror story for them evenif rearview mirror story for them even if they do take some type of impairments, it is going to be a i—off, going to be backward looking. the market will be able to look through that. what they are going to be interested in is net interest income. in the big banks, the capital markets the opening and your flow reopening, capital markets the opening and yourflow reopening, it capital markets the opening and your flow reopening, it was completely shut down last year in 02 and 03, completely shut down last year in q2 and 03, may see some improvement in q2 and see improvement in q2 and see improvement in q2 and see improvement in q3 improvement in q2 and see improvement in 03 as capital markets come back.- markets come back. interest rates are _ markets come back. interest rates are something - markets come back. interest l rates are something everybody is watching for the one of the other challenges facing the sector? has other challenges facing the sector? �* , ., other challenges facing the sector? a. , other challenges facing the sector? a. , ., sector? as a basis to commercial- sector? as a basis to commercial real - sector? as a basis to i commercial real estate, sector? as a basis to - commercial real estate, there may be difficult as well as to the pnc type of office properties. i think they may be over estimating the danger in the commercial a properties and underestimating some of the pnc

properties. overall, stocks have traded down in anticipation of this comprised in a lot of bad news and as result, they can lead to upset surprises. result, they can lead to upset surprises-_ surprises. let's briefly turn to australia _ surprises. let's briefly turn to australia now _ surprises. let's briefly turn to australia now because i surprises. let's briefly turn| to australia now because its central bank is appointing its first female governor which are michelle bullock replacing philip lowe as reserve bank governor of australia. his term is due to finish on the 17th of september and marks the end of his 43 year career at the rba. us secretary of state antony blinken has told china's top the call in a meeting at jakarta that washington will take action to hold hackers accountable. it comes after microsoft said china —based hackers gained access to the e—mail accounts of around 25 organisations. the software giant has not provided details of where those government agencies are based but the us department of commerce has confirmed to the bbc that microsoft notified about the

attack. now to thailand where businesses are watching and waiting for a new government to be in place. it has been two months after that national calls which signals strongly for change. the blocked from forming a government after the military appointed senate rejected its candidate for prime minister. earlier i spoke with a fellow at the kennedy school of government at harvard and told me this situation is creating a direct deal of uncertainty for businesses. i think businesses, like many people, disappointed the government has not been formed yet. it has been two months since the election. in many years since the last government was formed through democratic vote in thailand. i was at the parliament yesterday, so many people work is appointed at the outcome, did not result in a new prime minister. for businesses and particular,

those concerned will be those concerned it will be growing uncertainty for the country in a lot of directions. you mentioned uncertainty. country in a lot of directions. you mentioned concerned. exactly are they concerned about? are they concerned people might actually start a protest? maybe this could drag the worst possible months. the worst possible scenario as _ months. the worst possible scenario as mass _ months. the worst possible scenario as mass protests, | scenario as mass protests, potential violence. scenario as mass protests, potentialviolence. i scenario as mass protests, potential violence. i don't detentglfligleence- ld en't even living detentglflieleenceelden't even living aside potentglyieleenceelden't even living aside at likely. even living aside at the worst possible scenarios, the worstgossiblescenarigs. over what there is uncertainty over what there is uncertainty over what the national budget will be for thailand, i will be implement it. uncertainty over the direction of major infrastructure projects. including high—speed rail from china including high—speed railfrom china to laos into thailand and bangkok. 70 over central china to laos into thailand and bangkok. 7( funding ntral china to laos into thailand and bangkok. 7( funding for il china to laos into thailand and bangkok. 7( funding for major government funding for major infrastructure improvements within the city of bangkok. and just lack of clarity overbroad directions of government policy. directions of government oli . ., directions of government oli. ,, directions of government policy.- business? directions of government oli . ., business? , , peter as a business? it depends what business _ peter as a business? it depends what business sector— peter as a business? it depends what business sector you - peter as a business? it depends

what business sector you ask. i what business sector you ask. they have proposed antimonopoly policies for liquor and alcohol. if you are a small businessman in that sector, you might like the policy. if you are a big businessmen, you sad news for those who go, some sad news for those who accrue get cracking a button cold beer the evening. happier makerfounded in san francisco cold beer the evening. happier makerfounded ithey francisco cold beer the evening. happier maker founded i they say ncisco cold beer the evening. happier maker founded ithey say it isco cold beer the evening. happier maker founded ithey say it is o is closing down. they say it is america's first craft beer bought it says its effort to revive it did not work. that is it for the show, bringing you different stories they are society �*s place of punishment and rehabilitation but one mp described our presence as a pressures bomb. the daily pressures

prison officers say staff numbers falling and disorder rising.— disorder rising. prison officers _ disorder rising. prison officers have - disorder rising. prison officers have been - disorder rising. prison - officers have been slashed disorder rising. prison - officers have been slas oni disorder rising. prison - officers have been slas on a and down the country. on a daily basis. it and down the country. on a daily basis.— and down the country. on a daii sac is.— and down the country. on a daii bbc showed in - and down the country. on a dai| bbc showed in england and the bbc showed in england and wales over a five year period the bbc showed in england and walt from r a five year period the bbc showed in england and walt from 1000 3 year period the bbc showed in england and walt from 1000 556 ar period the bbc showed in england and walt from 1000 556 to period the bbc showed in england and walt from 1000 556 to 2879. and rose from 1000 556 to 2879. and thatis, rose from 1000 556 to 2879. and that is, the rise in the same period was sharper still. from 137 to 309. tom hill was in the prison service for 32 137 to 309. tom hill was in the prist austerity for 32 137 to 309. tom hill was in the prist austerity cuts 2 137 to 309. tom hill was in the prist austerity cuts or sweeps says austerity cuts or sweeps of experienced staff leave the clear. when i “oined the “0b in the 80s, clear. when i “oined the “0b in the 80s. «b clear. when ijoined the “0b in the 80s, if you i a0 or 50 officers would run. my left in his and 20, you would be lucky if �*them did not turn up, a lot of them did not know what to do for the prison

reform trust says prisons are increase both problems and pressure. for more stories from across website. hello, i am jack with the catch _ website. hello, i am jack with the catch un- _ website. hello, i am jack with the catch up. tonight, - website. hello, i am jack with the catch up. tonight, a - website. hello, i am jack with the catch up. tonight, a basis| bit of wave in europe and a bit of pink carpet glamour. rises going to start with pay rises below the workers in the public sector. police and prison below the workers in the public sector. police a are rison teaching unions are recommending their members except a rise of 6.5%. junior doctors haven't offered a 6% rise to the british medical association says the pay rise would not enter in dispute with the government. in fact, junior doctors are on strike from today until next walk out over how much they are paid. dozens of planned appointments will be pushed back while doctors over to do that will be moved over to emergency care. before they go

on strike next thursday and friday. offers are final. on strike next thursday and friday. offers summer, might jetting off this summer, might want to because of the parts of europe and africa as they struggle to record breaking temperatures for the struggle to record breaking temperaturt cabbages are and turkey, cabbages are expected to past a0 celsius and and start as high as a8.8. and start stocking the red carpet for the european premiere of barbie stocking the red carpet for the europe robbie iere of barbie stocking the red carpet for the europe robbie as e of barbie stocking the red carpet for the europe robbie as bobby rbie stocking the red carpet for the europe robbie as bobby and ryan margot robbie as bobby and ryan gosling as ken. follows behind and travel to the real world. we can see it on the big screen from the 21st ofjuly. tonight, i'm going to leave you with ten seconds of success. katie son harvey won a katie price's son harvey won a guinness world record for this, the world �*s largest drawing of a train that it is massive, coming in metres and

coming in at over 21 metres and taking four weeks to complete.