flight launch attempt. and the 1st in 7 years, it was supposed to put the new, clear on state's 1st spice satellite into obit. be on young was quick to admit the launch had failed, but did so reggie promise to carry out another test. as soon as possible, i that set you up tonight. i'll have more well news at the top of the hour, kate ferguson has your business updates. next. have a good day. the pricing strategy issues with a lot see what crazy. the

interest of the global economy w business be here's a closer look at the project. to analyze the flight for market dominance. get a step with dw business beyond the a trillion dollar company that's capitalizing on the a i revolution in video is market value source on rising demand for it ships. uh, c o. jensen, juan declares a new era of confusing. we ask, what impacts the us china ship port quote has on his business. also coming up

insurance against destruction, the white home owners in the united states are facing sky rocketing premiums. business dw business on kate ferguson. thanks for joining me. us tip maker and video has briefly at least to join the ranks of a trillion dollar company, putting it in the same category as a whole. amazon, microsoft, and alphabet grease. the search in value which so it hit the trillion dollar mark for retreating again. slightly comes 2 days after seo jensen, juan appeared at the comp you tex, trade show, and type pay, where he describes the industry as being at a tipping point. it is primarily known for its high powered graphics cards for gamers, but this here, it's market cap has more than doubled due to rising demand for a specialist chips for running a i applications. here's how long described for he believes the industry is at right now. this is really one of the 1st major times in history. a new computing

model has been developed and created. we have now reached the tipping point of a new computing era, the rate of progress, the rate of progress, because it's so easy to use. this is the reason why it's growing so fast. this is going to touch literally every single industry. now in video as me, he eric wise comes against the backdrop of an escalating chip war between the united states on china, which i've seen washington impose export funds on us chips. earlier i asked dw correspondent each in lee how in video seo jensen, juan views these controls? well here one says that the fat off from the u. s. would cause a nor miss damage to american companies, because china is a huge and a replaceable market. that businessman don't want to miss. so he urged us to be more thoughtful if they want to impose the restrictions and never on the estimate

of china as ability to catch up with the rest of the countries in. and also last time when the us in post uh, the explorer defends, unlike code trips on the, the end of the day are they just produced a substitute you'd with us slower plus testing speed. so i actually, i think they, it seems that they have found a way out of it. now you can, it is market riley has also provided a booth to other tip makers which might surprise some people like t as m c as juan. and as i'm out in the netherlands, maybe you can tell me a little bit about the relationship between these 3 companies i've had other co operation might develop as a i takes off, of the relationship is kind of very close to one. and the other, for example, m v d a as an expert in assigning

a chips. it relies on p s, m, c to manufacturer of those shirts. but the p. s a p as an as t as in c without causing a too much in machines, cannot provide other friendships as well. so that is where a s m l comes into play because a s n l provides high end machines to the market that other companies cannot provide a. so i feel like these 3 companies there are like a fleet in the chip and they make a good team in the sending come doctors supply chain. meanwhile, us on you official topping, holding high level talks and establishing common standards on our special intelligence. lisa garcia arroyo is an as a professor at hong kong university of science and technology. she's been following those talks closely. at least this technology is racing ahead. so fast, tut, cvt is everywhere ready?

what tools do policy makers actually have at their disposal? no much. we have some general principles, unesco, and good principles for um, a i in a 695 given the speed as you said, of the development. not most of the fact that we are probably by now not only chapter the fee, but you know, full goals that microsoft by do alibaba. um, so it's just not going to be easy to as to basically develop standards that are followed by everybody. number one, i'm also that out, i can, to the degree of development of all of these different types of to enter the bag or platform. so generally it's, it's very, very difficult. you should want to talk about how these algorithms actually learn. chattahoochee basically have access to the entire text of the internet during its training phase. and last month,

easily became the 1st comes to bonded on the basis that that didn't comply with data protection. what is your take on that word? there privacy violations that way i understand that we'll want to take the time that we want to more and tory, i'm attempting to do was asked to to, to, to follow these moratorium that was requested by a number upside is a scientist. but the reality is that the problem is not the, the fiction. and, and the reason is that as far as we know, what he's, that's what chapter 2 beach as told as the imp, they read event at information which is the basis to train you, right? you pointed out of the program at ease or um, basically it open access data, whether it's be could be the work number united uh at least 6 be basically data sources, but all of them are on the internet. so that's not the problem. you may be

a problem for us because the more that the privacy is the call that the toughness of that information is, is, is it, are these all 4 sources? it how can we then distinguish between both on and at fake fake news or, or, or, you know, this information, no missing information in the ear at all. but, and this is a big, big question because i'm privacy in my view, in the u. s. on the you are talking about cooperation, but there's also been cold calls for a sort of a global framework for regulating a i have plausible do you think this is where we start with your us speech? supposed to be easier and then thinking about the regulation, i think already, origin that's are different because so you're right in point that we need to and probably it's, it is not the only what we wanted to take time. better understand this technology to and to, to figure out how to 1st possibly be better be our self and not depend on the,

on the us once again. and also make you comfortable with a number of, of, of principles in data. privacy is certainly one, but not so much on the input, but perhaps in the us. i mean, well, we, in 14 chapter b is that would be used by check do the b, m there. yes, there may be at the privacy, they the privacy issues. so we mean time, the us probably, maybe the government needs time, but the company is the walk through these time because they want to develop faster than the most obvious competitor, which is china. so that's why i seen the incentive structures. that's not really much, even between the us and europe, let alone a try. not any strategic competition for global technology in germany we, they, us, and there certainly is time pressure there. these are all right, thank you so much. thank you to match his own with the other double business

stories making news. china's economic rebounds appears to be losing steam, according to the official manufacturing purchasing monitors index factory outputs franken may export. so for the 2nd month in a row, over all the worlds 2nd largest economy is staging on, on, even post pandemic recovery with services out performing factory activity turkey's economy expanded 4 percent in the 1st quarter of the year. that's according to the country's official statistics agency. the growth can partially be attributed to the availability of cheap loans which have different consumption. the layer of rapidly decreasing value has also made the countries exports more competitive. putting suisse is being deal asis from the new york stock exchange for no longer amazing the criteria. the financial firms share price crumbled after the class of 3 us regional bank. fred fears it would be next. the bank's upcoming sales

and you'll be asked is however, expected to resolve the issue. japan has passed a new law that allows nuclear power plants to operate for longer than 60 years to pop. so 6 decades life limit of a plant operators will need a special permit from the government deposit come, the ministry set the new little aims to ensure a stable supply of sustainable electricity in the future. now in the united states, an increase in extreme weather events has led to a search in the cost of home insurance in coastal areas. in particular, many residents are facing huge bills to protect their property. our reports and modest police my travel to the southern states of louisiana where he met people who still scarred by the memory of hurricane katrina are now wondering if they can afford to insert themselves against the next natural disaster. as we traveled to

the south of louisiana, new orleans musicians village was built for those who lost their homes to hurricane katrina. here we meet george and meyer, the de jane audio engineer was shocked to get news of a hefty increase in his homeowners, insurance. y got an email recently informing me that i needed to look at the new documentation because the insurance rates were going up and i didn't realize that they were going to actually double like minnesota. the cost of insuring private residences has soared in many coastal states. recently a meyer took the facebook to vent his anger at the rising rates. more than 160 of his friends describe similar problems. we travel further south from new orleans passing the oil refineries that stride all the by use and wetlands and houses nestled between the gulf of mexico and the mississippi river. here it becomes clear

why people in louisiana are more likely to a flood insurance. then residents of any other state, flood insurance is provided by fema of federal agency. there recently changed it's methodology. now houses that are raised above ground are cheaper to insure, but not everyone can afford to elevate their house. we meet can a birth all the and his brothers who saw a little help after recent storms, they making a prize raise just by force and people to go up in air. you know, so everything is, and they told you at the moment, but what the prediction is down the line. so i don't want to feel as fair and i'll feel as you know is right on on the stuff the answer for homeowners, there's little relief in sight. the insurance industry faces an additional problem . re, insurers for the insurance for insurance companies are raising prices by up to 100 percent or not follow from me from where you can always check. i had to delete the

comments slash business for me, and the entire team here is by taking the these glasses could take the world by storm, by making distant communication, feel more natural and get close. founders are convinced they're developing the technology required for a our glasses to get their breaks through is the german started up one step ahead of the i t jones made in germany. next dw, the little guy. this is the 77 percent the platform for advocacy. the suite issues and

share ideas, the, you know, or the side that will be a north of bridge detachment. then you get to talk to the applicants population is really fast. the young people clearly have the solution. the future is 77 percent. every weekend on dw, the the size against climate change is a complicated one. everyone agrees we need to.