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tv   Asia Business Report  BBC News  November 20, 2023 3:30am-3:46am GMT

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hello and welcome to asia business report. i am suranjana tewari. we begin with the turmoil at the top of openai. there are reports of ongoing discussions among the company's top executives about reinstating sam altman as chief executive. this just days after the board of the company behind chatgpt shocked the tech world by firing mr altman, a man who has been the face of openai's rise. our business reporter david waddell has more. it has been a tumultuous few days at openai. on sunday, sam altman sent a tweets and said this... what is that? it is a guest pass for the offices of openai. he was fired on friday. he has been invited back by the interim ceo mira murati
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according to reuters, that's with a view to him possibly rejoining the company. when he was fired, the company released a statement, they said this... "mr altman's departure follows a deliberate review process by the board which concluded..." "the board no longer has confidence in his ability "to continue leading openai." his dismissal has angered current and former employees concerned about what his departure may mean for the value of the company. one of the big shareholders is microsoft, reportedly owns 49% of the company. they are among those apparently taking a lead in trying to get mr altman back on board. their concern is that his departure may lead to bleeding of other wider talent. a challenge though is whether they can get his reinstatement passed the current board.
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earlier i spoke to managing director at wedbush securities dan ives and he said openai's board might not walk away from this unscathed. this is a train wreck situation. i mean, the board clearly overplayed their hand. i'd almost call it a coup attempt in terms of trying to get altman out but this is going to backfire. i'd expect potentially the board to be out in the next 2a hours, altman to be back. he is the golden child of ai and microsoft another investors are focussed on it. we do you think the issues are? we are all speculating here but it does seem rather bizarre, given such a high—profile company? look, i think this was essentially a political battle between altman and the board and i think the board essentially overplayed their hand. they did not understand the global ripple effect here because if altman became
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a free agent who could go out after him? amazon, musk, apple. that is when dell and microsoft and other investors swept in. four people on the board, they are not going to impact the trajectory of ai from microsoft and really for the tech industry for decades to come. so i think essentially this board, their days are numbered. microsoft is a stakeholder, as you mentioned. what are we hearing from their end about what is being playing out? this is a friday night special and when it happened in the us, they got a call essentially two minutes before the press release. for a company investing $13 billion in openai, this is going to be a harvard business case for years to come but it comes out to altman is the face of ai. it is notjust about him, he leaves, everyone else follows which is why i would expect
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probably in the next 12 hours that altman is back as cpo at openai. meta platform is dispersing the members of its team across different groups in the company. a spokesperson said they will continue to work on preventing potential harm. the company said it will allow it to better scale its future needs. in other news, the ceo of optus kelly bayer rosmarin has resigned. it comes days after australia's second—largest telco suffered a network wide outage that left nearly half the country without phone or internet coverage for 12 hours. the incident, caused frustration among customers and raised wider concerns about the country's telecommunication infrastructure. provisional results from argentina presidential
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run—off poll shows a right wing libertarianjavier milei will be the country's next president. the election comes at a difficult time for argentinians with soaring inflation and an economy in crisis. mr milei's proposals, which included detonating the central bank, won support with voters desperate for change. many economists talk of financial disaster. on sunday australia were crowned cricket world cup champions in a match that stunned host india. the six—week long world cup tournament across 10 cities, has given a major boost to the country's advertising, food and drink industry. i think this world cup has been slightly different
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compared to the earlier versions. three new things. it is now being shared across other asian nations. it is shown free on platforms. secondly, the world cup is been for free. the performance of india has been far superior in this tournament. and the fourth point is that the world cup has clashed with the festive season. the october—december months. the consumption mood is quite upbeat. advertisers are spending money, consumer who want to spend money on the ground and people have travelled a lot. a significant boost in oral consumption and also a big boost in terms of advertising space.
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if you look at the tournament, it could be around 2.5% of all india's expense. this has boosted expense by 2%. india has hosted major sports events in the past. the commonwealth games come to mind. but there has also been some controversy over organisation and allocation of funds and resources. what has the reaction been this time around? i do not think there was anything of that sort in this tournament. i think cricket is considered as a religion in india and because all the matches have been hosted in india, people have welcomed this as a very big move and we have seen the amount of money spent on travel, hotel bookings and tickets. there was always a shortage of tickets because of the significant demand of people wanting to watch it
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live in the stadium so this is showing the importance of cricket in a country like india. is it important to listen to negative as well as positive feedback when you are starting a business? that is what jay williams believes. he founded a streetwear brand in birmingham in 2013 with just $250. is now stocked in more than 700 stores. he talks about his experience of growing the business for our ceo secret series. from the street to the stores, for me it wasn'tjust an iconic moment. hood rich is about my personaljourney. hood somewhere where you are and rich somewhere where you aspire to be. nine years later, 2023, we will sell over 2 million
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products this year and we are stocked in over 700 stores globally in 2a different countries. the most powerful thing a brand can do is have the right people wearing the brand. it is going to be seen by thousands, sometimes tens of thousands of people depending on the level of the artist. having walking billboards as a brand is powerful. i like hood luxury so hood meaning proper streetwear aesthetic but then like luxury things like my premium ascetic so i suppose it is merging the two together and that is just kind of my personality filtering through. you cannot please everyone in business.
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the brand is not going to be for everybody. when you get to a certain level, that is just what comes of the game and i will keep going and use negative comments as fuel to better myself, better what we're doing here at hood rich. head over to our website for more on the terminal on openai. that is it for asia business report. thank you for watching. voice-over: bbc news, - bringing you different stories from across the uk. this was the scene just last month. a storm swept across wales. but what can be done to protect properties like this from flooding? these defences are part of a formal implant project in a town class as a
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flood high risk area. the hope is these walls will contain the water within the river and helped save hundreds of householders from the heart ache of flooding.— ache of flooding. currently there are _ ache of flooding. currently there are about _ ache of flooding. currently there are about 223 - ache of flooding. currently - there are about 223 properties at risk of flooding during a want in a 100 for the event and is predicted to increase to over 380 with climate change over 380 with climate change over the next hundred years. the effects of flooding can be devastating. this animal sanctuary was close to the river and regularly blighted by flooding. injanuary, they had to take one of the dogs from chemotherapy by boat. horrible. i had to put _ chemotherapy by boat. horrible. i had to put my _ chemotherapy by boat. horrible. i had to put my elderly - chemotherapy by boat. horrible. i had to put my elderly mother. i had to put my elderly mother in a boat to get her home a few weeks ago. push through the water. i had to put dogs in the boat to get them up to go to the vet. it is just an absolute living hell. the vet. it is 'ust an absolute living heu._ the vet. it is 'ust an absolute iiving heu._ living hell. moving is not an 0 ition living hell. moving is not an option for— living hell. moving is not an option for this _ living hell. moving is not an option for this woman. - living hell. moving is not an option for this woman. she | living hell. moving is not an - option for this woman. she says she is trapped.
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voice-over: for more - stories from across the uk, head to the bbc news website.
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voice-over: bbc news, - bringing you different stories from across the uk. just a tractor spreading fertiliser on a field near carmarthen. hang on. there is no driver! meet the ag bot, one of the first a! tractors in the uk. this machine was developed in the netherlands on large flat fields. not quite the terrain we have in many parts of north wales. so the students have been asked to see whether they can do for farmers here. they're particularly interested it's lightweight and won't compact the soil. i it's lightweight and won't compact the soil.- compact the soil. i think something _ compact the soil. i think something like - compact the soil. i think something like this - compact the soil. i think. something like this would compact the soil. i think- something like this would be very handy where we live. it would stop compaction and things with the winter coming now. yeah, you could go with the truck to more places. this machine is — the truck to more places. this machine is an _ the truck to more places. this machine is an excellent - machine is an excellent machine, technology has changed
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so much _ machine, technology has changed so much as— machine, technology has changed so much as the years have gone on and — so much as the years have gone on and i'm — so much as the years have gone on and i'm sure it will be attractive to farmers. as long as it will not _ attractive to farmers. as long as it will not take _ attractive to farmers. as long as it will not take over - attractive to farmers. as long as it will not take over every l as it will not take over every operation _ as it will not take over every operation but _ as it will not take over every operation but it— as it will not take over every operation but it is— as it will not take over every operation but it is here - as it will not take over every operation but it is here as. as it will not take over every| operation but it is here as an aid for— operation but it is here as an aid for the _ operation but it is here as an aid for the famous _ operation but it is here as an aid for the famous for - operation but it is here as an. aid for the famous for farmers to make — aid for the famous for farmers to make their— aid for the famous for farmers to make their life _ aid for the famous for farmers to make their life easier- aid for the famous for farmers to make their life easier so i to make their life easier so one — to make their life easier so one farmer— to make their life easier so one farmer may _ to make their life easier so one farmer may be - to make their life easier so one farmer may be able i to make their life easier so one farmer may be able to| to make their life easier so . one farmer may be able to run four— one farmer may be able to run four of— one farmer may be able to run four of these _ one farmer may be able to run four of these at _ one farmer may be able to run four of these at the _ one farmer may be able to run four of these at the same - one farmer may be able to runj four of these at the same time and he — four of these at the same time and he can— four of these at the same time and he can carry— four of these at the same time and he can carry on _ four of these at the same time and he can carry on doing - four of these at the same timei and he can carry on doing other various— and he can carry on doing other various things _ and he can carry on doing other various things on _ and he can carry on doing other various things on the _ and he can carry on doing other various things on the farm. - various things on the farm. white — various things on the farm. white the _ various things on the farm. while the farmers - various things on the farm. while the farmers are - various things on the farm. j while the farmers are away various things on the farm. - while the farmers are away and the ag bot is working by itself the ag bot is working by itself the developers stress it is safe. since sulls was lower down if anything comes anywhere near it, stopping completely if is something in the way. voice-over: for more - stories from across the uk, head to the bbc news website. hello there, i'm olly foster. here's what's coming up for you on sportsday. india and theirfans are silenced as australia become world champions for a sixth time. next stop, germany:
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we'll have all the latest euro qualifying results. and djokovic breaks another record as he finishes this season's atp tour on a high. hello there. welcome along. australia's cricketers are world champions for the sixth time. they stunned the hosts india in ahmedabad. travis head's century helped them easily reach their target of 241 to win by six wickets. our sports correspondent joe wilson was watching. anyone supporting india? start with about 130,000 at the ground and multiply across the world's most populous nation. a vivid display of indian strength, and they had only just finished the anthems. batting began with the captain. rohit sharma hit three sixes in the first ten overs. the fun didn't last.
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australia have some outstanding fielders.

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