the release of deepseek from a chinese company us secretary wants

ta riffs us secretary wants tariffs to start a ”to to ensure businesses are 2.5% to ensure businesses are braced for we begin with the turmoil that is still playing out right now in asia, with some this followed shares in major us technology firms plunging of deepseek, a low—cost chatbot built by a chinese

business correspondent michelle fleury.

less powerful chips and less data. a historic one—day loss. nvidia, well, it disagrees. in a statement, the company al was front and centre,

signing a number of executive the advance of cheaper chips. and that's good, because you don't have to spend as much money. i view that as a positive. the release of deepseek ai from a chinese company ben bajarin is ceo and principal analyst, earlier he gave me some context about deepseek�*s recent success.

but obviously ones that china had access to, this company's been around for a long time. and so they've been continually investing in that. and that doesn't include and their paper even as well as the access they had to already open and they had access to that data as well.

of the market that they started from scratch. it was, it was the cost to train the model costs less, and similarly, they're saying if they had access to more gpus even better than it is. for the industry as we see it. yeah. that actually the end game, because it uses less energy in terms of where ai is going. yeah.

the term inference to hundreds of millions it opens the market. it increases the tam. cost of compute down. there's obviously going to keep looking at those efficiencies.

the new i secretary wants start 2.5% on american imports according all american imports according to reports the financial what you think of this idea? 2.5% tariffs on all the 77 77 77 the us 77 tv tv theus 77 off 77 intoihe us regardless of of i222? us regardless of of i bathe , ,4 , - of ~' bathe : :: , j: of ~' country of origin? i think it is important _ country of origin? i think it is important to _ country of origin? i think it is important to start - country of origin? i think it. is important to start i saying is important to start by saying there is no consensus and trump after the comments leaked went after the commentsleaked went on a limb to see out on a limb to see actually nothing has been yet, nothing hds'been decided yet. prefers

nothing hds'beenddcided yet. prefers starting nothing hos'beenddcided yet. prefers starting with the headhne headline taritr headline tariifif wire and elééfir fifiadl'fifi {drift raffiafid to [filfifiif fi§§§llfi§ tifitt f§f§§fi§ to do 5'§§5f h555155 t5fitt f5f5555 to do that as soon this to in that as soon this 5'§§5f h555155 t5fitt f5f5555 to in mexico soon this 5'§§5f h555155 t5fitt f5f5555 to in mexico and 1 this 5'§§5f h555155 t5fitt f5f5555 to in mexico and canada. weekend in mexico and canada. important to it is so is important to say it is his �* but not the certainly his view but not the consensus view of the consensus viewof the tramp the view that it goes can. the view that it goes at 2.5% per month and gradually at 2.596 per month and over time to top makes ma kes lot makes lot sense. it businesses sense. it businesses in sense. it businesses in america t let's businesses in america on the receiving end of this and to adjust a chain and domestically as as those f as those of f well as those outside of america a chance to f f while giving f f f while giving the regime while giving the government a chance to trade it to do so. lgteresting for china. to do so. lnterestina for china the are to do so. lnterestin for china. | they fi if they are taking this on because they looking at because they were looking at tariffs 60%. because they were looking at tariffs i 6096-— because they were looking at tariffs l 60%. tariffs of 60%. indeed and one size does not _ tariffs of 60%. indeed and one size does not i from - tariffs of 60%. indeed and one size does not i from the - size does not fit from the canada “e“sar�*a what size does not fit from the (onida “e“sar�*a what size does not fit from the (omda? it�*d“; what could be on china. i think trump use as a

z= stick as we saw him negotiatingstick as we saw him this week colombia to do this week with colombia to get what he needs. i think hassfignafllfefdffff ff if}; sfignfafllfefd vefry f f f china has: signatted very are here to strongly they are here to negotiate and they be negotiate and they will be a negotiation but it negotiationbut it includes of talent. 60% 7— see, efiei inflation around the we; 2 i inflation around the world. i 1it �* it starts at 2.5% tariffs on goes zrrr w f f f fgoerfffmonth goes month on your cam"; "1 want, one can at you want, one can look at as a stand—alone and it be for the american say it will be for the american u,” —e:— will ceneumerg they wilt havete rim ., ”w .. ”w the consumer; they wilt havete'n ' w . " ww the eventual of consumer; they wilt havete'n ' w . " ww theesupply of :,..,. . consumer; they wilt haveterr r rrrr r rr rrrrr the e supply chain )f :,.,. r expensive supply chain manufacturing moving to manufacturing movingto america labour higherand manufacturing movingto america labour higher and so f aftthe f f at the same time you have to balance that againat what on to balance that agaihat what on the eempeaed doing on the r rr rr rr r r r making a lot f fdfifffefrenft f f f different in f f f different f "in'psucy f f gfgdiffggent cha ngesjnoolicy that gfgdiffggent cha ngesinoolicy that will changes that wilt increase of the us productivity of the us economy. these things in the these things lie in the

balance. also to think what f what the other countries about what the other countries retaliation the do in retaliation to the tariffs. does the european tariffs. what does the european union do, �*trading f how the inflaton iappen'ie inflaton 7appen fornflaton 7appen for america movements happen for america and the rest of the world but also if you look at tariffs by themselves of they tigemsetvesrofcoucse they witt inflationary for tyiyemsetvesrofcoucse they witt inflationary for the us be inflationary for the us domestic _ be inflationary for the us domestic ., .,

brc shop price index.

deflation in the december. but will price cuts and deflation last much longer at the last budget? we're nowjoined by kris hamer, what's happening about prices in shops. - what's happening about prices in . shops.— prices in the shops. what we're seeinu is prices in the shops. what we're seeing is that — prices in the shops. what we're seeing is that prices _ prices in the shops. what we're seeing is that prices continue . eee�*na �*e that ericee cent�*ntre be in �*eeeg e that 2“? "eteue be in deflation, they are to be in deflation, they are more slowly a year qigjng more slowly than aryear non—food particularly is area f area the f area the customers are an area that the customers are benefiting from, particularly and clothing. the benefiting from, particularly story|nd clothing. the benefiting from, particularly story isi clothing. the benefiting from, particularly story is food hing. the benefiting from, particularly story is food and. the benefiting from, particularly story is food and we re benefiting from, particularly story is food and we are real story is food and we are seeing quite f in the price of increases in the price of food month on it is the £71992th month. it is the april last year. highest since april last year. that is a concern.— highest since april last year. that is a concern. why is that? a - things — that is a concern. why is that? a - things are _ that is a concern. why is that? a - things are going - that is a concern. why is that? a - things are going on. - a few things are going on. commodity prices are quite commodity pricesare quite particularly we are high, particularly we are seeing like chocolate and

seeing areas like chocolate and products. broadly is cost increases f the retailers plans into the retailers and plans ahead with the £7 billion of additional costs from things like the national living wage. like the ltlatiehal lieihg wage: " ” " ' " increase in business rates the increase in business rates coming up and of course the national insurance increases. are preparing for retailers are preparing for that and it is money the cannot retailers are preparing for that a in it is money the cannot retailers are preparing for that a in their 1oney the cannot retailers are preparing for that a in their store. :he cannot retailers are preparing for - that a: in their store.-|not retailers are preparing for that a: in their store. ot invest in their store. what is the outlook _ invest in their store. what is the outlook for _ invest in their store. what is the outlook for prices - invest in their store. what is the outlook for prices going | forward? it is concerning we forward? it is concerning - we exnect - forward? it is concerning - we expect that. forward? it is concerning - - we expect that food because we expect that food will increase through pricesguill increase through rest of ipricesauill increase through rest of this year to about the rest of this year to about by the end of the year. 4% by the end of the year. wages are just keeping wages are onlyjust keeping pace with that but the cost of is high. what really need the government to do is to bring forward proposals urgently on so fthese so these costs can rates so that these costs can be mitigated and there is tax f tax in in “55555135 e5s fit as sillifih ff in that needs coming in october, that needs to be paused. is

coming in october, that needs to be paused-— to be paused. lsythat all ou - government fi to be paused. lsythat all ou - government to i to be paused. lsythat all you| - government to do? to be paused. lsythat all you - - government to do? make want the government to dole/lake adjustment business the adjustment on business or would you like the rates or would you like the government to also stagger some of the changes that come into in april? it of the chances that come into force in april? it is all about and force in april? it is all about - and pace _ force in april? it is all about - and pace and - force in april? it is all about - and pace and so i planning and pace and so retailers are very adept at retailers are fiery adept at" " their businesses f fto costs to costs coming according to the costs coming in. clearly those costs need to and we that go somewhere and we know that revenues don't grow as fast as revenues don�*tgrowras fast as costs are going up. 70% are pessimistic retailers are oeeeiroietic about , outlook year and two sat; sen;r rises sagr rises are thirds say price rises are inevitable. really need how we can delay think about how we can delay of these costs coming some of these costs coming into the so that we have the businesses so that we have already seen distress in the high we need to §—=: following a record—setting

season pulling new fans its game further in 2025. million dollars. important asset class. you know, get a lot of sort of returns from if we run a really great operation. be a going concern over time. of really great players, really great sort of at our peak right now.

ownership of sports franchises that hasjust been increasing in leagues across the globe, and wnba is no exception to that. why is that? sky—high, particularly on the men's side. and so you need some institutional investment particularly for families or owners who've owned for decades at a time. so similarly, if we're doing that at the professional men's level, i think there's an there's an opportunity to do it at the women's level as well. to a game and be very excited. exciting games, those that have followed the league for a while, they say

that this is, you know, you can monetise that. women's basketball. to be quite honest, that has been happening faster i think the league is starting to evolve to be one where it has room for individual people, identities and brands

interesting to see how many areas of women's is more on the ffand stay with us erebaite and aee; stayr iarith as r r rr r r r r bbc news. today, as a special festival starts in hampshire and prejudice was released. this year also marks 250 years since the birth

in this hall at least, that... jane austen is brilliant. the jane austen birthday ball. it involves a full programme of proper you could not get by like you can today. i read jane austen first - as a teenager and i think they

her connection to hampshire is well known. the abbey gateway was part of the reading ladies this was where jane austen went to school with her sister cassandra and their cousinjane in the late 18th century. at the school for 18 months. this beautiful mediaeval building at the centre it was then the edge of town. it was very sort of romantic and wild and the girls could run and play in the abbey ruins. so you can imagine this all sort of formulating in her head. we're running guided tours

all the way through the summer this one made quite a splash. why has that captured so many people's imagination? we all know. don't we? so anything that is here is extremely valuable. outside number eight.

we're going to be opening the house to the public i for the first time. we'll be able to look i out of the window that she writes in a lovelyj letter to her nephew. it's also from that window that her sister cassandra, j journey to her burial - in winchester cathedral. year to pay homage. they have such a strong affiliation to her and love her. only four novels published in her lifetime. what is it about her, do you think, so much moral weight. you know, they're always making decisions. and there's this wonderful subtext underneath their actual they're trying to say. she has this great sense that the good jane austen's novels

were published anonymously. herface seen on banknotes and coins. in the story of jane austen, good did prevail in the end. hello there. well, the worst of the stormy weather on monday was this time but there are still met office weather warnings across the uk still flood warnings too, as our area of low pressure continues to push further eastwards. so an improving picture particularly from tomorrow. but for tonight, well we're continuing to see these some coastal gales. and of course it's far too

cloudy and windy to see any so this is how we'll start off the day on tuesday. that area of low pressure. they'll still be pretty frequent, particularly still, maybe a rumble or two of thunder. towards western channel coast. temperatures seven to ten celsius, perhaps some and western scotland perhaps, but also some clearer skies developing as the low clears. but another one starts to approach from the south of england, into southwest england first as we head through the morning, then that area of rain there's been some debate

on the northern extent of this there will be plenty of sunshine around, temperatures just six to eight celsius and the winds will fall light. bye— bye.

on reshaping the us military.

the inquiry into bombing will start hearing evidence from the and slumps $600 billion chinese rival employee. —— in to northern gaza. live footage to suggest that fewer moving. that fewer peopleaare use"; some cars that fewer peopleaare nee"; some cars and there are some cars and trucks at groups later this week — but the israeli government has confirmed that eight of the hostages yet to be freed are dead.

our