hey there, welcome to the asia business report with me, mariko oi. we begin in the us regulators are taking aim at one of the most renowned names in the artificial intelligence space — chatg pt. the federal trade commission has opened an investigation, saying it is looking into whether the popular chat bot harmde consumers by publishing false information. the ceo of openai, the company that created chatgpt, reacted to news of this investigation and said his company protects 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 harmed 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 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 author's rights when it was training the technology. this spring, congress hosted the chief executive sam oldman for a hearing in which he called for regulation to be crafted for the emerging industry. not everyone believes they will have the ability to keep artificial intelligence in check. the man who built the biggest advertising company has been speaking to the bbc and said advertising

companies need to self regulate 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 to a black actor or 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 i think in next year's american presidential election some nefarious people will be using al to generate fake images orfake ads orfake interventions? yes, i think that will happen.

are you also saying then that you don't believe the world be able to get together and globally regulate this technology? i think we have 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 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 bot, the company says the chat bot is expanding into europe and brazil, easing worries about overseas regulatory issues. the launch 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 about 5% higher on the news of the expansion. in another setback for us regulators trying to block microsoft's purchase of call of duty maker activision blizzard. a us court rejected the ftc request to temporarily hold off the merger. the deal worth nearly $70 billion would be the biggest of its kind in gaming industry history. on top of this, microsoft reportedly offered concessions to regulators as it tries to close the deal. two us earnings, 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 great hill capital and expects positive surprises for investors in the banking sector. right now the estimates

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 guide downs on net interest income because of the higher for longer interest rate environment we are in moving forward. however, i also think that is priced in. stocks have been de—rated, if you look 3 years ago, they were trading at 12 times p/e, now they are trading at eight times p/e. there is a lot of bad news already priced in. as we know, the secret to happiness is low expectations and i do think the expectations are pretty low tomorrow and mayjust be able to beat. interesting to hear. at the same time, there 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 is a rearview mirror story. even if they do take some type of impairments, it is going to be a 1—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 case of the big banks, the capital markets reopening and deal flow reopening, it was completely shut down last year in 02 and 03, may see some improvement in 02 and start to see improvement in 03 as capital markets come back. interest rates is something everybody is watching. what are the other challenges facing the sector? as it relates to commercial real estate, there may be difficulty as it relates to the b and c type of office properties. we think the a properties will do well. i think they may be over estimating the danger in the commercial a properties and underestimating some of the b and c properties. 0verall, stocks have traded down in anticipation of this. priced in a lot of bad news and as result, it can lead to upset surprises. let's briefly turn to australia now because its central bank is appointing its first female governor, michelle bullock replacing philip lowe at the helm of reserve bank 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 diplomat 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 it 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 progessive alliance that won general election has been 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 great deal of uncertainty for businesses. i think businesses, like many people, are disappointed the government has not been formed yet. it has been two months since the election. many years since the last government was formed through democratic vote in thailand. i was at the parliament yesterday, saw many people were disappointed at the outcome, did not result in a new prime minister. for businesses and particular, those concerned it will be growing uncertainty for the country in a lot of directions. you mentioned uncertainty. what exactly are they concerned about? are they concerned people might actually start a protest? maybe this could drag on for weeks, possibly even months. the worst possible scenario

is mass protests, potential violence. i don't think that is particularly likely. even living aside the worst possible scenarios, there is uncertainty over what the national budget will be for thailand, how it will be implement it. uncertainty over the direction of major infrastructure projects. including high—speed railfrom china to laos into thailand and bangkok. uncertainty over central government funding for major infrastructure improvements within the city of bangkok. and just lack of clarity over broad directions of government policy. do businesses like pita? it depends what business sector you ask. pita 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 bigger businessmen, you might not like it.

before we go, some sad news for those who appreciate cracking open a cold beer the evening. they say it is america's first craft beer but now the japanese company sapporo that bought it says its effort to revive it did not work. that is it for the show, thanks for watching. bbc news — bringing you different stories from across the uk. i served in afghanistan. unfortunately i lost my left leg and see the shop on the left side of my body. the training started roughly 18 months ago, in accuracy landing.

what is crucial is landing correct, everybody is safe. all of them have landed safely. sky dived into my wedding on a beautiful sunday morning. they hope they have a new world record for the largest wedding party made up of groom and groomsmen to skydive into a wedding venue. after that, it is time to get married. most stressful part of the day so far. calm, cool and collected. jumping out of the plane was infinitely more stressful than this. ready for this for a very long time. i get the big fancy dress - and he gets the fancy skydive. i love it. i used to skydive and i'm happy he is happy doing it _ and as long as they are safe, they can do it whenever. - for more stories from across the uk. head to the bbc news website.

hello, i amjack with the catch up. tonight, pay rises for the public sector. a heat wave in europe and a bit of pink carpet glamour. we are going to start with pay rises for loads of workers in the public sector. police and prison officers will receive 7% while teaching unions are recommending their members accept a rise of 6.5%. junior doctors have eben offered a 6% rise but the british medical association says the pay rise would not end the doctor's dispute with the government. in fact, junior doctors are on strike from today until next tuesday in their longest ever walk out over on how much they are paid. dozens of planned appointments will be pushed back while doctors scheduled to do that will be moved over to emergency care. before they go on strike next thursday and friday. the prime minister says the pay offers are final. couple other stories to bring you. if you're considering jetting off this summer, might

reconsider parts of europe and africa as they struggle with record breaking temperatures. spain, france, croatia and turkey, temps are expected to pass a0 celsius and italy, temperatures could reach as high as a8.8. and start stocking the red carpet for the european premiere of barbie last night. the completed margot robbie as barbie and ryan gosling as ken. follows the pair as they leave barbieland 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 price's son harvey won a guinness world record for this, the world's for this, the world's longest drawing of longest drawing of a train that it is massive, a train that it is massive, coming in at over 21 metres coming in at over 21 metres and taking four weeks to complete. and taking four you're all caught up now. weeks to complete. see you later. see you later.

an all—british podium hello and welcome to sportsday. hello and welcome to sportsday. i'm marc edwards from the bbc sport centre. here's what's coming up on our show. simply �*0nstoppable': 0ns jabeur is into her second consecutive wimbledon final after beating aryna sabalenka in the last four. the everton and england midfielder dele ali gives an emotional interview about his childhood abuse and addiction to sleeping pills.

hannah cockroft completes