microsoft unveils plans to bring artificial intelligence technology to its popular office software.

plus, we take a deep dive into how advertising companies are getting a creative boost from al tools. i'm monica miller. we begin with microsoft because the tech giant's shares closed at an all—time high, surging nearly 4% in the latest session. the company has unveiled a new artificial intelligence subscription service, which will power its popular office programmes included in the microsoft 3—6—5 software. and the tech giant is tapping to the huge consumer demand for generative ai tools right now by putting a hefty price tag on the new tools. our north america business correspondent michelle fleury has more from new york. ai is alisa ai is a big dealfor big tech. you need an book no further in microsoft's share price. it

includes word, powerpoint xl, and teams. $30 per used. this was much higher than people were predicting. some see this is a test of how much people are willing to pay for al tools. microsoft also announced a more secure version of its ai power aimed at businesses and designed to assure professionals that they can use and share potentially sensitive information with a chat bought. ai tools are seen as helping to make workers more productive in the future —— chat bot. some companies have already extracts concerns about privacy and security. investors still fall $ �*s aztec analyst dan explained, could be increased by 20% by 2025. the share price

rose around 4% to an all—time high on the news. well, this week, the team here at bbc news is taking a closer look at al — how it already affects our lives and how it will impact our futures. today, we're focusing on how advertising companies are relying on this technology, using machines to speed up and enhance the creative process. they're also embracing controversial deepfakes — digitally altering videos of celebrities to make them say or do anything. this has been a key issue in the ongoing hollywood actors�* strike. 0ur asia business correspondent nick marsh reports from singapore. a carcompany a car company wants an advert. normally, this would take weeks. now, it takes minutes. two heads may be better than one, but they never mentioned artificial intelligence. you have an idea? type it in there it is. ~ �* , ., have an idea? type it in there itis.~ �* , ._, it is. we've 'ust come to a new phase we — it is. we've just come to a new phase we never _ it is. we've just come to a new phase we never thought - it is. we've just come to a new

phase we never thought we - it is. we've just come to a new i phase we never thought we could create before. amazing. it's unbelievable.— create before. amazing. it's unbelievable. the ai revolution is changing _ unbelievable. the ai revolution is changing the _ unbelievable. the ai revolution is changing the face _ unbelievable. the ai revolution is changing the face of - is changing the face of advertising. this deep fake, authorised by lionel messi, has him speaking in turkish, advertising crisps. singaporean actress jamie yo find a deep fake deal herself. i actress jamie yo find a deep fake deal herself.— fake deal herself. i hereby - resent fake deal herself. i hereby present sent _ fake deal herself. i hereby present sent to _ fake deal herself. i hereby present sent to create - fake deal herself. i hereby present sent to create a i fake deal herself. i hereby - present sent to create a custom voice — present sent to create a custom voice -- _ present sent to create a custom voice —— consent. we are going to create — voice —— consent. we are going to create an _ voice —— consent. we are going to create an avatar that looks and moves like me.— to create an avatar that looks and moves like me. after a few hours in the — and moves like me. after a few hours in the studio, _ and moves like me. after a few hours in the studio, her- and moves like me. after a few hours in the studio, her client l hours in the studio, her client can make her say anything. in any language. can make her say anything. in any language-— can make her say anything. in any language. you're not doing much work _ any language. you're not doing much work for _ any language. you're not doing much work for the _ any language. you're not doing much work for the amount - any language. you're not doing much work for the amount that youhe — much work for the amount that you're charging. much work for the amount that you're charging-— you're charging. celebrities have gone _ you're charging. celebrities have gone from _ you're charging. celebrities have gone from being - you're charging. celebrities have gone from being wary| you're charging. celebrities i have gone from being wary of the technology to embracing it.

malaria isn'tjust any disease. malaria isn't just any disease. i suapose _ malaria isn't just any disease. i suapose if— malaria isn't just any disease. i suopose if you _ malaria isn't just any disease. i suppose if you can't - malaria isn't just any disease. i suppose if you can't beat - i suppose if you can't beat them quick, you may as well join them. if you speak to anyone in the industry, they'll tell you this is the future of advertising. it's efficient, effective and above all, it represents value for money. commercially, sounds like a dream. but for others, it's the stuff of nightmares. a recent episode of the netflix show black mirror demonstrates the hilarious but terrifying consequences of signing your image right away. from a legal perspective, it's an absolute minefield. perspective, it's an absolute minefield-— perspective, it's an absolute minefield. ~ . . ., minefield. we are in uncharted territory when _ minefield. we are in uncharted territory when we _ minefield. we are in uncharted territory when we come - minefield. we are in uncharted territory when we come to - minefield. we are in uncharted territory when we come to al. | territory when we come to ai. that's for sure. the existing laws do not provide a repost enough regulatory framework in order to count all the issues can arise. order to count all the issues can arise-— order to count all the issues can arise. what is the talent make of all— can arise. what is the talent make of all this? _ can arise. what is the talent

make of all this? i - can arise. what is the talent make of all this? i can - make of all this? i can understand _ make of all this? i can understand the - make of all this? i can i understand the concerns, make of all this? i can - understand the concerns, but the technology is here to stay. even _ the technology is here to stay. even if — the technology is here to stay. even if you don't it embrace it because — even if you don't it embrace it because you're scared, and other— because you're scared, and other people will. if you want to still— other people will. if you want to still be in the game, you how— to still be in the game, you how to _ to still be in the game, you how to be _ to still be in the game, you how to be in it. is to still be in the game, you how to be in it.— nick marsh, bbc news, singapore. and for more of the bbc�*s coverage on artificial intelligence, please go to the bbc news website — bbc.co.uk/news — where you'll also find a simple guide to help you understand ai. over to australia, where the state of victoria has pulled the plug on plan to host the 2026 commonwealth games. the plug on a plan to host the 2026 commonwealth games. 0rganisers initially estimated the event would cost 2.6 billion australian dollars to host. but the latest figures have escalated to over $6 billion, and that's mainly due to the government's decision to include more sports and changed plans for venues. australia has played host to the commonwealth games

five times, with the last one on the gold coast in 2018. that cost 1.5 billion australian dollars, created 21,000 jobs and brought in 1.3 million visitors. 0ur guest this morning, andrew zimbalist, is an economist and academic who has consulted for players, companies, teams and leagues. he joins us from boston to discuss the financial pressures of hosting major sporting events. —— earlier, he told me. -- earlier, he told me. tourism is not necessarily _ -- earlier, he told me. tourism is not necessarily driven - -- earlier, he told me. tourism is not necessarily driven up. - -- earlier, he told me. tourism is not necessarily driven up. i l is not necessarily driven up. i know you sometimes hear reports, but if you get1 million people coming during the 14 million people coming during the 1a or 15 days of the games, it doesn't mean that's in that figure. there'll be other tourists who don't want to go tourists who don't want to go to melbourne, or elsewhere in victoria, during the games because they're afraid of congestion, higher prices and perhaps of increased likelihood of security incidents. so the

actual net game in tourism is more often, yeah, many cities that have hope hosted the olympic games that have lost net visitors. so there is a possibility that there would be increased tourism, but then you're talking about maybe bringing in through who tell fees and restaurant fees, $700 million. if you're spending $7 billion in order to host the games, and even that figure is a figure about the operations of the games, not including the infrastructure and all the security costs or it the cost associated with the athlete village. the actual calculus at the end of the day is not that favourable. more and more cities have learned that, and that's what the commonwealth games are having trouble finding hosts. india is paying a high economic cost for natural disasters,

which have occurred with increasing frequency in the country since the 1990s. and a new report from the state bank of india points to a lack of disaster insurance as a key challenge. from mumbai, nikhil inamdar with this report. between one point to — $128 billion is the estimated cost ofjust billion is the estimated cost of just the billion is the estimated cost ofjust the recent billion is the estimated cost of just the recent floods billion is the estimated cost ofjust the recent floods in northern india. these figures don't even take into consideration the losses from gujarat cyclone or the flooding that's affected hundreds of thousands of people. the intensity and frequency of natural calamities, especially cyclones and floods, have increased substantially in india in recent years. the country ranks third after the us and china and recording natural disasters since 1990. and it has suffered in staggering $150 billion in losses due to floods and storms. but here's a major

unaddressed challenge — barely 8% of the total losses are covered by insurance, according to the research arm of the country's largest bank. it means an average indian is insured only roughly about 8% of what might be required to protect the family from a financial shock following a disaster. that leaves the country with a 93% insurance protection gap — far higher than the global average of 54%. urgent solutions to thought this through public—private disaster pool and improving awareness about insurance amongst more businesses are some of the things the report recommends to address this protection gap as extreme weather becomes a recurrent phenomena in the world's most populous country. food prices have been hit hard by inflation big us banks got a major

boost from higher interest rates. bank of america's second—quarter profit beat wall street estimates as it earned more from customers' loan payments. investment banking and trading also fared better than expected. the second largest us lender projected its net interest income would increase 8% this year after it rose 14% in the second quarter. its shares closed 4% higher on the news. and morgan stanley also performed better—than—expected in the second quarter. its profit beat estimates as growth in its wealth management business offset lower trading revenues. the wealth management unit's net revenue rose 16% to a record $6.7 billion. morgan stanley's surged more than 6% on the news. and that's it for this edition of asia business report. thanks for watching. bye for now. bbc news — bringing you different stories from across the uk. this is vinnie from cardiff. a former drug dealer, he was hooked on heroin from the age of 1a. he also took pills, benzodiazepines, but not the real ones from the doctor —

fake ones he bought on the street and online. the drugs, often called benzos, are sedatives. you might know them by the names diazepam, valium or xanax, and there are concerns that people are increasingly buying them online thinking they're getting legitimate pharmaceutical products. the latest figures suggest there were six drug deaths in wales involving benzodiazepines in 2021 and 35 in 2020, and it's something that drugs charities are concerned about. the problem with all these drugs, they're not real. testing done here at this lab run by public health wales has found that many drugs bought online are often not what they claim to be. in the last year, two in every five samples they tested contained something different to what they were sold as. vinnie has now turned his life around and has been clean of drugs for five years. then he hopes by speaking out, he can make more people realise

vinnie hopes by speaking out, he can make more people realise the dangers of drugs and of buying them online. for more stories from across the uk, head to the bbc news website. hey, i'm zof with the catch up. tonight — europe's heat wave continues, a messy graduation and a swinging bear. a toxic culture of sexual assault, harassment, racism and bullying has been alleged on more than 100 current and recent staff at uk mcdonald's outlets. the company deeply apologised. we spoke to shelby, who was 16 when she started working at mcdonald's last year. mcdonald's does 100% have a problem with sexual harassment. they'd grope, like, stomachs, waists, bum, probably thighs as well, i'd say, and hips. some other stories for you now. a mother who was jailed for illegally getting abortion tablets to end her pregnancy in lockdown will be released

from prison after the court of appeal reduced her sentence. 45—year—old carla foster was handed a 28—month sentence after she admitted illegally carrying out her abortion when she was between 32 and 3a weeks pregnant. now, it continues to hot up across europe, then, as the heat wave continues with temperatures in parts of italy expected to reach highs of 46 celsius, and there've been wildfires in greece and spain. next up, imagine causing this much of a scene at your own graduation. this is the moment a just stop 0il protester caused havoc by setting off a fire extinguisher loaded with orange paint. time now, then, for ten seconds of — a swinging bear. the swing in style, you could say, and what a good job it's done. and you're all caught up.

see you later. hello and welcome to sportsday. here's what's coming up. england are convincing winners in the final one—day