Several weeks ago. They acknowledged there were issues with production, saying that it was making changes to the number of functioning chips that come out of factories. At the same time, the company expects to bring in several billion dollars of revenue in the fourth quarter from the product. Nvidia shares have fallen by around 7 in after hours trading in new york. Industry Expert Bob Odonnell explained the Market Reaction and what lies ahead for the company. I think when it comes to this brand and its particular earnings, all rationality has gone out the window. There is no normal metric being used or that can be used for this. There is so much attention from individual investors and from people doing options and futures, and everything you can imagine is being thrown at this. And so how it unscrambles all that is bound to get messy. Some people are saying, well, the growth was higher than the forecast, but still not high enough. Even though we forecasted it here, we wanted it to be here. Its like, you know, at a certain point, it gets to be absurd. Thats why all rationality has gone out the window. It is still strong growth, but eventually, you do hit the law of big numbers, where growth is going to slow on a Percentage Basis but the absolute dollars are still enormous. And lets not lose sight of that. We are very much in the very beginnings and early innings of the ai build up. I mean, this ai impact is a multiyear phenomenon, and the market doesnt know how to do multiyear phenomenons. They like things that happen here and now. And this is going to keep building for a long time. They have positioned themselves quite well here. Obviously you run into a lot of big numbers at some point and eventually we will start to see that, but they are continuing to outperform expectations because there is such huge demand, and what is interesting about this is the fact that most of the focus up until now has been on the big cloud guys, amazon, microsoft, google, you know, the other players around the world, but now what we are also starting to see, and this was made reference to earlier, youve got sovereign governments that want to have this ai around the world. Youve got enterprises, companies, individual companies wanting to build their own ai. And in fact, ive got some research that im just in the process of, of getting ready to publish that shows that, theres strong interest in companies wanting to have some of these capabilities within their own data centres. So put all that together and the Enthusiasm And Eagerness is there. And the walls that nvidia has built up thanks to its cuda software. That is the opportunities its created for itself. Um, you know, give it a long runway. Telegram Boss And Founder Pavel Durov has been placed under formal investigation in france as part of a probe into organised crime on the messaging app. Prosecutors say Mr Durov has not been remanded in custody. He has been placed under judicial supervision, and has to pay a 5. 6 million deposit. Mr durov was first detained upon arrival at an Airport North of paris last saturday. The russian born billionaire, who is also a french national, also has to show up at a french Police Station twice a week and is not allowed to leave french territory. Despising has over the war in ukraine and according to the latest Official Date of the economy grew by 4. 6 in the first half of the year, double the gdp is or a year earlier. Part of the growth comes from Military Production with industrial output increasing year on year. Toyota has suspended production at all of its factories injapan. A new typhoon has made landfall on the south western coast and authorities have issued Emergency Alerts for most part of the region and have warned of the region and have warned of torrential rain. We will watch for the latest updates on the situation. Turning to the aviation industry. Australias national carrier qantas has just released its latest report card. It posted a 16 drop in annual profit, due to rising Fuel Costs and lower fares. Brendan sobie from Sobie Aviation told us the results werent surprising. In the more recent quarters we have seen this across the asian pacific with international markets starting to soften. So not a surprise, the Domestic Market remains very strong. It will get stronger even potentially given the recent collapse of the two competitors, exiting after the year ended. Not too surprising, a good outlook and high probability for the next year, it is not going to be as high as what was on the first two years after covid. The Boss Of Ryanair says passengers should be limited to two alcoholic drinks at airports. Michael 0leary said this will help tackle a rise in disorder on flights. He told the daily telegraph that violent outbursts were occurring every week due to alcohol, especially when it is mixed with other substances. The indian Competition Regulator has approved a 5 Billion merger between dizzy and reliance industry. The commission previously raised concerns that the merger could create a monopoly. The deal will create indias biggest Entertainment Giant and broadcasting rights for major sports tournaments. More details are expected in the coming days. Continuing our series on the ageing population across the world. Today we are looking at singapore. People are living longer than ever and having fewer children than ever. Soon a Shrinking Workforce will have to prop up its expanding group of retirees who were also living alone in record numbers. Faced with a potential social and economic crisis, the government has encouraged the senior citizens to keep working. 0ur Reporter Nick marsh went to meet some people who are doing just that. Martin goh is well known in this part of town. Its herjob to deliver Lunch And Dinner to people who struggle to leave their homes. Living alone, she signed up to a scheme that uses Government Money to offer retirees paid odd jobs in their community. I do nothing at home. Sweeping, mopping. So when this chance comes by, ijust grab to make my life more fulfilling and more purposeful. Loneliness is starting to be an issue in singapore. By 2026, the country is on track to become a super aged society, with one in 5 people being over 65. Naturally, people want to retire at an early age and enjoy their life. But from an economic perspective, this is not sustainable and that is going to become a very heavy burden for the government. Working into old age would solve a lot of problems, but for many, its not exactly the most thrilling prospect. Back into work. It depends on i dont like to work any more. No use. Who is going to employ you . Nobody. They are looking for young guys, young young people, youngsters and all this. Singapores government knows this. And its paying companies to hire over 60 by offsetting part of their wages. The older they are, the more subsidies a firm receives. Persuading the people here to return to work is one thing, but getting employers to actually hire them. Well, thats arguably an even bigger challenge. You can keep throwing public money at the problem, but only for so long. What the government really needs is for the private sector to start thinking very differently about age. Before retiring, edna worked at one of singapores biggest banks for 50 years now. Shes back after signing up for a temporary work scheme, it means that when projects or part time vacancies pop up, managers have a ready made pool of experienced workers to draw from. It might help me, i will continue, you know, if they need me or they need my help, i will still continue. Madame goh, meanwhile, was working double duty the day we met her, taking attendance at her local exercise class. She also says that Shell Carry on as long as she physically can. In singapore, as in other countries, its a scenario that workers and employers will find increasingly common. Nick marsh, bbc news, singapore. Lego plans to make half of the plastic in its bricks using renewable materials from 2026. It is the latest effort by the danish company to make his toys more environmentally friendly. Most of the plastic in lego is made from fossil fuels. Lego abandon efforts to make bricks entirely from recycled bottles last year, citing costs and production issues. And thats it for this edition of business today. Thanks for watching. Im julia with the catch up. Tonight drinking at the airport, a deal for the Kelsey Brothers and the new netflix and chill. But first, Should Flavoured Disposable Vapes be banned . The British Medical Association say the government should get rid, because the Branding Appeals to children and although it is illegal to sell vapes to anyone under 18, experts say about 8 of people between 11 and i7 are in the habit. Some people worry a ban could make people get them illegally. Some other stories. If you are getting on the plane you shouldnt be allowed more than two alcoholic drinks at the airport. Thats what michael 0leary, Boss Of Ryanair, has said. He believes it would tackle the amount of aggressive behaviour happening on board, especially to places like ibiza and the greek islands. Nfl fans and swifties will know travis and Jason Kelce well, they have signed a Podcast Deal with amazon reportedly worth 100 million. It is a three Year Contract for exclusive rights to their show new heights. And if you are invited to play badminton that might be more than you bargained for. A new Teachers Guide in Hong Kong suggested teenagers who wanted to have sex could play badminton together instead and they have accidentally started a new trend. One person posted this was the new � netflix and chill� and had over 10,000 reactions. And we will leave you with ten seconds of High Speed chasing. This is the Mexican Navy going after drug boats where eventually 15 people were detained across two chases and the authorities found 7,200 kilos of drugs. Have a good one. Hello and welcome to sportsday. Under Sunny Skies in paris, the Paralympic Games get under way with a glittering Opening Ceremony welcoming athletes from 168 delegations who will compete over the next 11 days. Romanian Qualifier Elena Gabriela ruse ousts the wimbledon Champion Barbora Krejcikova at the us open. And leading from the front 0llie Pope says he cant let the England Captaincy affect his batting. Welcome along to the programme. French president Emmanuel Macron has officially declared the Paralympic Games open in paris during a ceremony full of Colour And Energy as the sun slowly set in the capital city. Conditions were glorious for the first Paralympics Curtain Raiser to be held outside a stadium. Proceedings at the Place De La Concorde began with a big show of blue, white and red fireworks. The Patrouille De France also painted the skies above with the french flag. 11,500 athletes made up the parade from the Champs Elysees to the Place De La Concorde
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