microsoft unveils plans to bring artificial are getting a creative boost from al tools. we begin with microsoft, because the tech giant's shares in the later session. the company has unveiled a new artificial intelligence its popular programmes on microsoft 365, and the tech giant is tapping into the huge consumer demand for generative by putting a hefty price tag on it.

our north america business correspondent michelle fleury has more. ai is a big dealfor big tech. for proof, you need look no further than a huge leap in microsoft's share price after it said it was offering an ai—powered assistant for its flagship microsoft 365 software, which includes microsoft word, excel, outlook and teams. business customers can expect to pay $30 per use. this was much higher than i think people were predicting. some see this as a test of how much people are willing to pay for al tools. microsoft also announced a more secure version of its ai—powered bing chat, that's specifically aimed at businesses, and designed to ensure professionals that they can use and share potentially sensitive information with a chat bot. ai tools are seen as helping to make workers more productive in the future, but some companies have already expressed concerns about security and privacy. that didn't stop investors from seeing dollar signs.

as tech analyst dan ives explained, microsoft's moves could increase its cloud revenue annually by 20% by 2025. the software's giant share price rose around 4% to an all—time high on the news. michelle fleury in new york. this week, the team at bbc news is taking a closer look at al, and how already it affects our lives and how it will impact our futures. today, we are focusing on how advertising companies are relying on this technology, using machines to speed up and enhance creative processes. they are also embracing controversial "deep fakes", digitally altering videos of celebrities to make them do or say anything. now, this has been a key issue in the ongoing hollywood actors strike. our asia business correspondent nick marsh reports from singapore. sports car in space. a car company wants an advert. normally this kind of thing would take weeks. now it takes minutes. two heads may be better

than one but they never mentioned artificial intelligence. you have an idea, you type it, and there it is. we just can create new things we never thought we could create before, and much faster. this was generated in two minutes. amazing, so it is incredible. the ai revolution is changing the face of advertising. this deep fake, authorised by lionel messi, has him speaking in turkish, advertising crisps. singaporean actress jamie yeo has just signed a deep fake deal herself. i hereby consent to using this audio recording to create a custom voice. she has agreed to let a financial technological firm use her face and voice. and moves like me. after a few hours in the studio, her client can make her say anything... speaks french.

..in any language. you are not doing that much work for the amount of money it was easy, i just went in there and read some words celebrities have gone from being wary of the technology to embracing it. i suppose if you can't beat them, you may as welljoin they will tell you that this is the future of advertising. it's efficient, it's effective, and above all, it represents value for money. so, commercially, sounds like a dream, but for others, a recent episode of the netflix show, black mirror, demonstrated the hilarious but also terrifying consequences of signing your image rights away. from a legal perspective, it is an absolute minefield. we are in uncharted territory, when it comes to ai and deep fake technology, that is for sure. the existing laws do not provide a robust and apt regulatory framework in order to guard against all the issues that can arise.

so what does the talent make of all this? i can understand the concern, but the thing is, the technology is here to stay, so even if you don't embrace it, because you are scared of it, and apprehensive about it, other people will. if you want to still be in the game, then you've got to learn how to be in it. yes, this really is me, but not really. the possibilities are endless, but with artificial intelligence, so are the risks. nick marsh, bbc news, singapore. for more bbc coverage on artificial intelligence, go to the bbc news website. over to australia, where the state of victoria has pulled the plug on a plan to host the 2026 commonwealth games. organises 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 change plans for venues. australia has played host to the commonwealth games five that cost 1.5 billion australian dollars, created andrew zimbalist is an academic, who has consulted with players, companies, teams and leagues. earlier, he told me that mass sporting events aren't always as profitable as they seem. the tourism is not necessarily driven up. i know that sometimes you hear reports, you just cited one report, but if you get a million people, or1.3 million coming during the 1a or 15 days of the games, it doesn't mean that that is a net figure, because there will be other tourists who don't want to go to melbourne or don't want to go elsewhere in victoria during the games because they are afraid of congestion, they are afraid of higher prices, they are concerned perhaps of an increased likelihood of security incidents, so the actual net gain in terrorism is more up in the air.

in tourism is more up in the air. there have been many cities who have hosted the olympic games in the last 20 years who have actually lost net visitors. so there is a possibility that there would be increased tourism but there you're talking about maybe bringing in through hotel fees, restaurant fees, maybe talking about bringing in $700 million, $800 million, and if you are spending on the other hand $7 billion in order to host the games, and even that figure is a figure about the operations of the games, it doesn't include all of the infrastructure, it doesn't necessarily include all of the security costs, it doesn't necessarily include all of the costs associated with the athlete village, and so the actual calculus at the end of the day is not that favourable, and more and more cities have learned that, and that's why the commonwealth games are having trouble finding hosts, and why the ioc is finding trouble finding hosts for the olympic games.

disasters, which have increased in frequency in the country since the 1990s, and a new report from the state bank of india points to a lack of disaster insurance is a key challenge. from mumbai, this report. between $1.2 to $1.8 billion — that is the estimated economic cost of just the recent floods in northern india. these figures don't even take into consideration the losses from gudharat�*s cyclone biporjoy or the flooding currently affecting 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, in recording natural disasters since 1990, in losses, due to floods and storms. but here is a major unaddressed challenge. according to the research arm of the country's largest bank,

is insured only roughly 8% of what might be required following a disaster. that leaves the country with a 93% insurance protection gap, far higherthan the global average of 54%. urgent solutions to plug this, through a public—private disaster pool, and improving awareness about insurance amongst small 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. big business in the us banks

got a major big business in the us banks got a m rates. big business in the us banks gota m rates. bank big business in the us banks got a m rates. bank of interest rates. bank of americamake second—quarter profits beat wall earned more expectations, as it earned more from customers's loan payments. loan is investment banking and loan is also fared better. it projected its net interest income would increase 8% this year, after it rose 14% of the second quarter. its shares closed 4% higher on also the news. morgan stanley also performed better than expected in the paddock profit beat second—quarter. its profit beat estimates as wealth in its wealth management offset lower trade revenues. net revenue rose 16% to a record $16.7 billion. that's all we have for you. thanks for watching.

all we have for you. thanks for wat latest on i all we have for you. thanks for wai latest on— he latest on i am chris parks. zt’t " lost 7 the latest on i am chris parks. f lost my i the latest on i am chris parks. f lost my left - the latest on i am chris parks. f lost my left leg. most of roughly 18 months ago. most of thatis roughly 18 months ago. most of that is being accuracy landings. this a lot of room place, you have a lot of room for error in the sky. what really is crucially for error in the sky. what really is crucia the landing is is that you get the landing is correct, that everyone is safe. everyone is following each all of other in as they should. all of them including _ other in as they should. all of them including chris - other in as they should. all of them including chris have - them including chris have landed safely. i them including chris have landed safely.— them including chris have landed safely. 7775+? sunda morninu. landed safely. jeff? sunda morninu. the beautiful sunday morning. they ho -e the beautiful sunday morning. they hepe they have _ beautiful sunday morning. they hope they have a _ beautiful sunday morning. they hope they have a new— beautiful sunday morning. they hope they have a new world party made up of groom and groomsmen to skydive into party made up of groom and groo to men to skydive into party made up of groom and groo to geti to skydive into party made up of groom and groo to get married. ve into stressful part of the day so far. i'm cool, calm and collected. jumping out of the plane was infinitely more stressful than this. i've been

ready for this for a very long i'm allowed to have doing this? i'm allowed to have a little i get the big fancy dress _ a little i get the big fancy dress and against the fancy skydive _ dress and against the fancy skydive. i love it happy used to skydive, and i'm happy he is _ used to skydive, and i'm happy he is happy doing it. as long as they— he is happy doing it. as long as they are safe they can do it wheneven _ as they are safe they can do it whenever-— as they are safe they can do it whenever. ., ., , ., , ., whenever. for more stories from across the _ whenever. for more stories from across the uk. — whenever. for more stories from across the uk, head _ whenever. for more stories from across the uk, head to _ whenever. for more stories from across the uk, head to the - whenever. for more stories from across the uk, head to the bbc. and a swinging bear. a toxic culture of sexual assault, harassment, racism and bullying has been alleged by 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. they'd grope stomachs, waists, bum, probably thighs,

as well i would say, and hips. 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. after she admitted illegally carrying out her abortion, now it continues to hot up across europe, then, as the heatwave continues, with temperatures in parts of italy expected to reach highs of 46 celsius, next up, imagine causing this much of a scene, then, at your own graduation. this is the moment a just stop oil protest caused havoc, with orange paint. time now, then, for ten seconds of a swinging bear. this is the moment a bear in california tries to get onto the swing in style, you could say.

and what a good job it's done. fair play to the bear. you're all caught up now. see you later.

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