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tv   Asia Business Report  BBC News  February 22, 2024 12:30am-12:46am GMT

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the ceo of nvidia says artificial intelligence is at a tipping point. as the chip maker reports revenue surged 265 percent last quarter. and turbulent times for boeing. the boss of its 737 max programme leaves the company. we'll look at what lies ahead for the planemaker. hello and welcome to asia business report. i'm steve lai. nvidia has just reported its highly anticipated earnings for the final quarter of last year. and the numbers didn't disappoint, with revenue surging 265%. our north america business correspondent erin delmore joins us from new york with the latest. the leading chip maker in the
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us and the third largest company on wall street and expectations of the company for the third quarter earnings have been sky—high and here is the benchmark and they would report earnings in around $20.4 billion in revenue. but nvidia did better than that, earnings came in at around $5 per share and revenue $22.1 billion. in the company said revenue during this quarter would meet expectations. the company is riding high on the enthusiasm of artificial intelligence nvidia chips are used to power the ai models that are all the rage in the tech industry right now and that is why quarterly results give so much attention and looking to the performance for clues about how the ai boom is progressing in to hear nvidia paul's positive executor saying accelerated computing in generative have hit the demand
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across companies, industries and nations. for a closer look at nvidia 5 report card and what it means for the broader chip industry, we rejoined by technology analyst bob o'donnell from technalysis research joins us>. analyst bob o'donnell from technalysis research joins us. was starting to see mainstream usage of ai like microsoft office 365, it is copilot google integrating that into its workspace product and we have all these services starting to use that and you have a lovely start up companies were spending money getting access to equipment and large companies like meta for use get to drive all kinds of different algorithms within the tools and services that they offer and another thing we are seeing is the tipping point of across industries, it is being used in automotive design and used in automotive design and used in automotive design and used in telecommunications industries for planning network and being used in mainstream companies to figure out and get insight into data that they
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have not been able to get before. i think the point is that this is now really starting to hit the kinds of companies across the board and not to express that he make specialised tech companies and that's important for the industry. some of nvidia's largest customers are in china. how do you see its chinese business evolving, as us china tensions persist? growing tremendously worldwide her head in china and a lot of that was two to the restrictions that the us is put on that in their developing products just on that in their developing productsjust for the on that in their developing products just for the chinese market to address those concerns and there is hope that we'll see some growth come back there but it is something we have to watch in on the automotive side, they're doing automotive side, they're doing a tonne of business in china and i was not impacted at all. the us central bank is in no rush to cut interest rates, according to latest the minutes from the federal reserve�*s january meeting. most officials are wary
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about the risk of cutting rates too quickly and want to see more evidence that inflation is tracking towards their 2 percent target. they did however agree that rates were currently at their peak, but remain uncertain on the timing of the first rate cut. the decision comes after a safety analysis by the company with security experts and government officials. flights with one stopover will start first while nonstop service will begin later. sticking to the aviation industry, where there has been a lot of focus on planemaker boeing and its future. the company has just announced the exit of ed clark, who led its troubled 737 max programme. boeing said the changes were aimed at improving its quality and safety. it is still regaining the trust of customers, after a piece of one of its jets blew off during a passenger flight injanuary. the bbc�*s monica miller attended asia's largest airshow in singapore this week, where boeing is exibiting. she sent us this report.
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an 18 year veteran of the company has been dismissed and has been in charge of the 737 max programme since 2021 is the fifth person to be in a position in this announcement comesjust one week position in this announcement comes just one week before the head of boeing is expected to meet regulators and the federal aviation ministries a tour around washington state plant to look at its quality control and this comes after many of its major clients and many of its major clients and many of its airlines have complained about the boeing quality control issues and one thing they have done since the airline incident is they want to be transparent and they want to be transparent and they want to make sure that they are the requires or exceeded and i have to say, it has a lower profile than as in previous years. airspace majors are, captivating audience and the airshow. the roads largest commercial plane maker made a
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splash as they took a spin around the expo using aviation fuel. and one was boeing, no jets were on display and after recent mid—flight incident, a panel detached from the airline boeing 737 max nine and an investigation for the us regulator found four critical bolts are missing meant to hold the door plug in place and now, the door plug in place and now, the future of the family of the 737 max fleet is in question. this is not the first time boeing has faced safety crisis. in 2018 and 2019 there were two crashes of the 737 they claim the lives of 346 people. they did not know _ the lives of 346 people. they did not know what _ the lives of 346 people. they did not know what they - the lives of 346 people. they did not know what they were flying — did not know what they were flying but they notice this time _ flying but they notice this time and as an airflow rate company— time and as an airflow rate company that is not something you want. _ company that is not something you want, they want to be thinking _ you want, they want to be thinking about niceties and the flight _ thinking about niceties and the
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flight safely. thinking about niceties and the flight safely-— flight safely. boeing had the reputation — flight safely. boeing had the reputation with _ flight safely. boeing had the reputation with building - flight safely. boeing had the l reputation with building plans to stand the test of time and if it's not boeing, i'm not going but i was then and this is now. we listen to a spokesperson about what it would take to restore public trust. it would take to restore public trust. , .,, trust. it is the most scrutinised - trust. it is the most scrutinised plane i trust. it is the most scrutinised plane in| trust. it is the most - scrutinised plane in the world in the — scrutinised plane in the world in the history— scrutinised plane in the world in the history of— scrutinised plane in the world in the history of aviation - scrutinised plane in the world in the history of aviation in i in the history of aviation in the — in the history of aviation in the safest _ in the history of aviation in the safest aeroplane - in the history of aviation in the safest aeroplane that i in the history of aviation in i the safest aeroplane that is out there _ the safest aeroplane that is out there today _ the safest aeroplane that is out there today and - the safest aeroplane that is out there today and i - the safest aeroplane that is out there today and i flew. the safest aeroplane that is. out there today and i flew on itiust — out there today and i flew on itiust tast— out there today and i flew on it just last week _ out there today and i flew on it just last week with - out there today and i flew on it just last week with my - it just last week with my family— it just last week with my family and _ it just last week with my family and all— it just last week with my family and all of- it just last week with my family and all of the - it just last week with my i family and all of the people it just last week with my - family and all of the people on the plane _ family and all of the people on the plane though _ family and all of the people on the plane though flights - family and all of the people on the plane though flights have i the plane though flights have been — the plane though flights have been on _ the plane though flights have been on have _ the plane though flights have been on have been— the plane though flights have been on have been very. - the plane though flights have i been on have been very. quite a lot rety— been on have been very. quite a lot rely on— been on have been very. quite a lot rely on this _ been on have been very. quite a lot rely on this model— been on have been very. quite a lot rely on this model in - been on have been very. quite a lot rely on this model in 17 37 i lot rely on this model in 17 37 departs — lot rely on this model in 17 37 de art ., �* ., lot rely on this model in 17 37 de art . �* ., , , departs and boeing is still receiving _ departs and boeing is still receiving orders _ departs and boeing is still receiving orders of- departs and boeing is still receiving orders of the - departs and boeing is still| receiving orders of the 737 departs and boeing is still - receiving orders of the 737 max from vietnam airways in india. but there are contenders waiting in the wings. china's home—grown is making its debut at the airshow and as approval
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only in china which means long—time reverie between airbus and boeing will continue. 0nce airbus and boeing will continue. once the approvals come rolling in, that might change the dominance of the skies. —— rivalry. chinese planemaker comac has reached a new milestone. it debuted its first home grown jet to an international audience at the singapore airshow. there 5 talk that comac s c919 could rival thejets by airbus and boeing. let's speak now to industry specialist brendan sobie. if the first main hurdle that has — if the first main hurdle that has to— if the first main hurdle that has to be acknowledged in order to be _ has to be acknowledged in order to be recognised from the world by most — to be recognised from the world by most authorities and to buy the aeroplane that they not going — the aeroplane that they not going to do that until it is done _ going to do that until it is done. and they need to convince his airlines — done. and they need to convince his airlines that the aeroplane can be — his airlines that the aeroplane can be operated reliably and it's still— can be operated reliably and it's still very early days and a brain— it's still very early days and a brain domestically in china and — a brain domestically in china and it's— a brain domestically in china and it's not there yet to validate the integrity of this
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aircraft _ validate the integrity of this aircraft and operating economically as well, they have to prove — economically as well, they have to prove that this plan is a similar— to prove that this plan is a similar economic and it is more than _ similar economic and it is more than offering cheaper aircraft it is about having airlines being _ it is about having airlines being able to make money with is implanted into the day and they— is implanted into the day and they have a plane, they cannot be seriously considered stop by that of— be seriously considered stop by that of a — be seriously considered stop by that of a large domestic market that of a large domestic market that they— that of a large domestic market that they will be able to get this project or endeavour off the ground. it's massive and it is growing _ the ground. it's massive and it is growing and will continue to grow— is growing and will continue to grow in— is growing and will continue to grow in this market is so big that— grow in this market is so big that they— grow in this market is so big that they will continue through the 737s— that they will continue through the 737s and by the aircraft as well— the 737s and by the aircraft as well while the domestic market is with— well while the domestic market is with this aircraft fits in
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and _ is with this aircraft fits in and how— is with this aircraft fits in and how much they want to build this ber— and how much they want to build this per year and the production of manufacturing and from _ production of manufacturing and from a _ production of manufacturing and from a political perspective, they— from a political perspective, they do _ apple has released an app for tracking sports scores, ahead of the new major league soccer season. it is now available to users in the uk, us and canada. apple's services chief said the app is designed to be used multiple times in a day. it is the tech giant's latest effort to become a major provider of sports content and news. it was a mixed finish on wall street with the dow and the s&p 500 eking out small gains. the tech heavy nasdaq though was down for the third straight session. but that was before the release of nvidia's strong earnings after the bell.
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bbc news — bringing you different stories from across the uk. russell coleman is at home with stone. but at his newcastle studio, an idea he had a decade ago is now starting to take shape. so this is my new big project and it's called drawn. this is a million drawings drawn over the next five years. by you? by me. each one is individual. they may be in sets. so this is 1000 of on chinese paper for the chinese new year. but the idea is that a million people can own one big artwork. how long is it going to take you?
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five years, you say? yeah, five years. what does that mean? about 4000 a week. blimey. why are you doing it? it's a sort of antidote to the art world. so this one, we could have a million owners all owning this one artwork that will only ever exist once it's made. for more stories from across the uk. head to the bbc news website. hey, i'm steven with the catch—up. tonight, football trolls a £17 million error. and does rice really fix your phone? we're starting with the premier league and now not the title race or any transfers, but the hunt for online trolls. the bbc�*s had exclusive access to the team, tracking down people who sent abusive messages to players. they tackle things like racism
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and homophobia and say levels of abuse are on the rise. it's something brentford's neal maupay knows all about. he's been telling us about an incident a few years ago when he was with brighton. i know where you live. i will come to your house tonight and i'm going to kill you and your family. you can hear a lot more. and why do you hate me? it's on bbc iplayer and the podcast is on bbc sounds. a few audio stories and a test of one of the uk's nuclear missiles has failed. it's the second time in a row that's happened. each test costs around £17 million. next, we've all done it. but don't draw your iphone in, right? iphone in rice, right? that is the new advice from apple. apparently, the voice could actually apparently, the rice could actually do more harm than good. oh, and if you've ever done it, we're being told don't use
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a radiator or a hairdryer either. and he left radio one last week. now it's been confirmed jordan north is taking over the breakfast show on capital, replacing roman kemp. he'll start in april. i'm time now for 10 seconds of wine and no, not how quick you can down a glass on a night out. this is someone breaking into a wine factory in spain and spilling loads of expensive wine worth more than £2 million. you're all caught up. have a great night.
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hello and welcome to sportsday with me, marc edwards. we have an exclusive sit down with the new manchester united co—0wner for his thoughts on the manchester united rebuild. the british billionaire says he wants a new stadium — one for united and the north of england. it's about time somebody built a national stadium or a stadium that is capable in the north of england rather than the south. elsewhere league leaders liverpool leather luton 4—1 to go 4 points clear at the top of the premier league. could it be ben back bowling. the england captain ben stokes in line to bowl in the 4th test with india.

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