tv Business - News Deutsche Welle February 8, 2023 7:15am-7:31am CET
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coalition showing unity a waste. the western allies has been biden's priority since the war started. it was quite a surprise though that president biden did not make any mention of the devastating an earthquake in syria and turkey. you're watching dw news from berlin coming up next. we got business news for you with steven beardsley and of course you can get all the latest news and information any time you want on our website at dw dot com, you'll find plenty there on the earthquake. i'm terry martin. thanks for watching. ah every journey is full of surprises. we've gone all out to give you some tips one day in the footsteps of the recruitment. i'm in your northernmost count to please
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ah, 3 times longer. but still very much alive. d, w channel, you'll guy to the central hassan in germany. do you recognize where exactly it was fun. i've learned a lot our culture history. all their d. w. travel extremely worth a visit. ah, ah, microsoft moves ahead with a i chat, darling chat, g p t, now says plans to incorporate it into its search engine and browser. we'll look at how the race for a i driven web apps is pushing companies to act fast. also on our show, it's been 61 years of the u. s. put an embargo on business with cuba will get how
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it's changed lives and livelihoods on the island nation. i'm from beardsley in berlin. welcome to our show, the race for new a i driven web applications continues to heat up. microsoft announcing tuesday, it plans to integrate the a i powered chat g p t into its search engine, bing and web browser edge. the announcement comes a day after google and by do both announce coming launches of their own a i driven chat box named bard and ernie bought respectively. microsoft was an early investor in chat, g p t and hope's the a. i. technology can help grow beings market share against leader google search will. den ives as a tech analyst and investment firm. what bushy joins be for more, dan shares and microsoft and by do both climbing to day after that news of their own launch is coming up. is it fair to say that investors believe that these a i powered web apps are more than just gimmicks of they represent true,
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valuable advancements for these companies. now look, i think it's an a i arms race that's happening right now. microsoft reading that raise job. i do hear clearly a major announcement there from the china side. i didn't. this just speaks to what we're going to see in big tak everyone's aiming in this race. it's a trillion dollars market, a significant shot across the bow from the dell and microsoft today. is there any concern that these companies are moving too fast? for example, we know that there are some loose and hallucinations that happen with chat g p t. that that means that it sort of makes things up. other questions today during microsoft's presentation about how accurate these responses would be that they would be put into a search engine. now, is it possible as companies are moving too fast? hey, look, i think any time it typically happens too quick. there's some regulatory security issues. push be clear, i mean, in chat g b t, i mean, we're talking probably the most advanced ai technology period that we've seen. so
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this is significant in terms of change in the game for microsoft for big tech. i mean, if you look at google, you look at others, now they gotta keep up with this. and i think it's significant in terms of are seeing you with this really being a new area of innovation. you said microsoft leading that race and early investor in chat, g p t. now incorporating it into several applications. where is google all this in all this? is it really so far behind? look, i think, and it's rare, i think google is significant behind a mass scale one to 10. if chad g, b t is called a ken, google's probably a 3 or 4 today and now they have billions, millions are going to spend to play catch up with bard and some others. they own search. but clearly microsoft. now it's going to start to now that gap, and this is the game changing technology that really not just other tech players living wall street watching the course i was maybe the 3 or 4 where's meta and all
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of this? they're kind somewhere in the middle. i think, you know, they've obviously arkenberg significant doesn't matter. verse. and you look on the artificial intelligence. i mean, dave dove into the pool but not too deep. and i think they're still trying to figure out where they play. and i think for matter, this is a to fork in the road in terms of how aggressive they're going to go down this path . because this is going to be arms rates. and we're actually billions of 1000000000 spent in terms of big tech, both in the us as well as china. all right, then i've said investment from web bush talking about that a or s. thank you. stood out of some of the other global business stories, making headlines, legislators and the german state of hassan. want berlin to stop is ill. frankfurt. han airports were russian investor, pharmaceutical billionaire effect or care. a tonin has signed a deal to buy the insolvent airport care torn is not on the you sanctions list, but has reportedly strong links to florida. a futon,
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russian business dealings in europe are facing heightened scrutiny due to the ukraine war. anti corruption monitor transparency international says more than $50000.00 properties in britain are owned by anonymous investors, including some with close ties to the kremlin. that despite laws seeking the stop dirty rush in cash after the invasion of ukraine, the buildings are worth more than $7000000000.00 euros and include many luxury homes well joined delegation from france and germany continued its efforts to soften the blow of major u. s. climate legislation on tuesday meeting with treasury secretary janet yellen to discuss the inflation reduction act that law provides $370000000000.00 and incentives the companies located in the us. here's what german economy minister, robert ha back said today. standing next to him is french economy minister, bruno lemaire, and also the understanding is mutual that you meet economic security that we have to overcome the dependency on raw materials, critical minerals,
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and also some green products. and therefore, we have to create our own industrial standouts and serenity. so this is a mutual interest of europe and the u. s. and to make this a mutual interest becoming a strong partnership, we need to solve some problems we will ever has mentioned some concrete items. the idea behind it is that the strong green industrial market in the u. s. and a strong green industrial market in europe will help each other that we boot to green bridge over the atlantic and help each other. because the goal is the same. fighting global warming and creating a new industrial resilience and industrial independence. in a way for a german economy minister,
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robert havoc they're speaking in washington. sh. over to wall street, travel dependent companies are reporting spikes, and sales and profits assigned that tourism is recovering. is global coven? 19 protocols, ease sales for trips and luxury cruise line, royal caribbean, sharp, 165 percent higher than pretending levels that's acquainted companies. 4th quarter results, the shares for car rental company hertz rose after posting 4th quarter earnings, that beat expectations over dns quarter in new york. a yes, let's start with a cruise industry reason to believe that it's on the rebound after this incredibly tough pandemic period. now clearly a business is spec and mr. just mentioned in the past quarter, bookings were even higher than a pre pandemic, a level not. everything is picture perfect yet. royal caribbean, still posted to a quarterly loss of about $500000000.00, but that was a far cry from the loss of about $1300000000.00
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a year earlier. so the path is right, and obviously people want to spend money for experiences sent the cruise industry is definitely profiting from that trend to the stock off roy caribbean. by the way, here on the floor in york stock exchange up a good 7 percent. and that use their session i. so we're seeing more of an appetite for travel. however, just yesterday you and i talked about falling savings among us consumers. should that not be a concern for these companies? it definitely is, sir, and it is, sir, was in a consideration also offer management. we heard from the ceo of royal caribbean for example, that he is cautious, especially because some of the ex macroeconomic trends, some enter in buyer men gym. also we have to wait and see that, for example, what happens with fuel cries is so under, on the cost side, they could also be a some, a pressure um on the industry. but having that set at the moment,
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it really looks like, like for voice, the pedantic, i mean, not gone, but getting a better that people are looking for experiences. so they see where they spend their money. so not so much for goods any more. but for experiences like travel and said something where the entire industry at profits from we saw that was the numbers from hertz. we recently saw that was the numbers from the big airlines. and now we also seen it was the cruise industry. so at least for now things are looking at promising your i'd people have to save money, but obviously they're safer on $1.00 and but still spend it when it comes to travel . ryder finance course money ins court in new york. thank you. was 61 years ago to date u. s. under president john f. kennedy imposed embargo on all trade with cuba. the island nation ruled by revolutionary fidel castro on the policy, help fries many aspects of the cute human economy. and has driven cuban anger against the us. as was anger against his own government,
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the stakes for this game are unusually high. these young athletes are competing for a spot to play in the little league world series in pennsylvania. it's a shot at eventually making a life for themselves in the us. the boys weren't yet born when the us imposed an embargo on cuba, but they and their families live with the economic impact every day. for some, this situation is particularly dire. like for this mother who's living with cancer. again, whine, music, i mean little. there are no medicines here, not even pain killers. okay, there's no food, not even the food i should be eating. there are days when i have nothing to eat. i don't see any future here for me or whatever time i have left to live, whether it's 2 years, 3 days a month, i want to live it with dignity. neither the u. n. as estimated that the embargo costs the islands economy,
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$130000000000.00 land is cultivated by oxen or soviet era tractors. because a quitman with us made components cannot be sold to farmers here. raoul castro's communist government blames the us. but critics say it's the country's economic model that is at the center of the crisis. earn system. it's a failure. i mean, we'll never deliver what the cuba ah, people needs, ah, then engage in, in a systematic, serious isreal pledging reform of i'm not calling border. you know, shock credibly vol garage also stated reform is also possible on fuel nits. it for many gradual reform is not quick enough. so they form a queue in front of the u. s. embassy and havana, hoping to gain a humanitarian visa and a new economic reality. his reminder, a top business story,
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microsoft plans that integrate the a i powered chat g p t into it search engine bing and web browser edge. denouncement comes a day after google and by do both announce coming launches of their own a i driven chap otts named bard and ernie bought respectively well, that's our show. you can always find out more online dot com slash business for also on youtube or the dw news channel. i'm seeing here is the berlin watch. i don't miss out of your diet and there's more to fat than b m. i. you can't run away from those calories. the truth about that has been strengthened. kelly trying to adapt a new perspective,
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what really help assess white in good shape with on deal blue. oh, the lifestyle of the super rich is a nightmare for the climate. the wealthy, produce way more than their fair share of c o. 2. while ordinary people to bear the consequences could a c, o 2 cap and trade program for individuals help we investigate climate change and the rich close up in 60 minutes on d. w. o. a little nar, davinci is mysterious masterpiece. this is perhaps the greatest leonardo
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masterpiece in the collection of the louvre and no, it is not the mona lisa. it is the virgin of the rocks, 2 versions, multiple copies, and a hidden drawing. was there another symbolic meaning to this beautiful painting that perhaps we just don't understand? to search for answers starts february 10th on d, w. and we're weighing up some serious problems on this week. show these 2 guys, both tip the scales at $120.00 chinos, but only one of them is obese. so what exactly does weight say about body health dice inc.
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