Need to do more by helping to slow economic activity. The fed will make its next decision on november one. The Biden Administration has widened the range of advanced Artificial Intelligence chips that cannot be sold to china. The move was seen as a further step in the battle between washington and beijing over access to whats known as dual use technologies that can be used in military applications. Jason oxman is the head of a Global Association for the tech sector and he says Trade Policies on Computer Chips need to take into account both National Security and market needs. China is a large economy, it is the second largest population on the planet, and it is an innovative economy but at the same time states has expressed legitimate National Sequence Security Concerns about provisioning the next generation of Semiconductor Technology to china. What we are concerned about striking a balance between the legitimate National Security interests and ensuring there is Economic Opportunity fo
Of the visible satellite show there are a few breaks san jose for some, but boy its pretty solid here for most of the north and theres just a lot out there. Maybe a little drizzle. So we are looking for when the fog rolls in. Boy has it ever last couple of days, thats for sure. Today is no exception. Itll peel back to the coast. It will be sunny, breezy inland, 60s and 70s on those temps. Well, youre about ready to jump into your cadillac cadillac and head out on the highways and byways. Heres the man to guide you through. Well, i thank you, steve. And right now we do see some commutes look pretty ordinary. Others do not. The bay bridge is one. Perhaps youre heading over to San Francisco and traffic is doing okay. Youre going to see a little bit of slow traffic there, this morning. But if you are driving on the san mateo bridge. Oh my, my, we do have a bunch of slow traffic. And this is due to an earlier stalled vehicle. Things are getting better, but its going to take a little while f
In the field, openai, has unveiled its latest chatbot called gpt lio. It has advanced capabilities, including seeing, hearing and talking in similar ways to a person. Our north America Business correspondent erin delmore watched the launch from new york. 20 years ago, the biggest Battle In Tech was over who would win the war for Search Engine dominance. Google took the prize and it isnt nowjust a multitrillion Dollar Company its also a verb. So now, enter the latest fight over who will lead on generative ai. The Start Up Openai took The Tech Sector by storm with its Chatgpt Chatbot in late 2022 that could answer users queries and carry out like human conversation. You are not a Vacuum Cleaner as of monday, we are seeing that conversation happened out loud. The company demoed a chatbot that can field questions and give out answers via voice. Ex hale slowly. In the demonstration, the chatbot was asked to help someone prepare for a presentation by taking calming breaths. That is it. How d
Dani good morning, welcome to daybreak europe. Lets get the top stories that set your agenda. The u. S. Bowing. Or for israel but not everyone is on board. Turkish president erdogan criticizing the move. Elsewhere treasury yields drop with some of the biggest margins this year and hope the fed may be done with raising Interest Rates. Plus we look at one of the biggest luxury goods makers in europe as demand cools, on the other hand the micro market for microchips may have turned the corner. We dive into the numbers. Those are your major market headlines. There are a lot of geopolitical factors, what is it mean when you look at the Bigger Picture . Simply the idea that youre looking at a drop in risk sentiment, it comes a little bit from asia but the idea of the geopolitical volatility right now, what is interesting is that europe did rally by a big amount yesterday. It might simply be a little bit of a paring back, remember we also got those sales numbers, the heavyweight in the euro s
Market is positive by 0. 2 percent on the s p 500. Hours away from chairman powell and the News Conference. Tom it is a different it is changed outlook to the press conference that it was 48 hours boko ago. Jon it is not seven, it is six. It is not seven. The bad news, it is 6 inflation in the u. K. Lisa this is a positive but how much of a positive. The key distinction is the core measure came in much more than expected so stripping out food and energy, how much will we be talking about the difference between core and what you feel when you go to the store . Tom we are there when we are slicing and dicey like David Rosenberg. What you do with inflation and disinflation but the Central Banks torah centralbank story with me jon the highs going into this bad decision, crude we are right their own crude so the headline versus core conversation, how do they navigate that in the News Conference . Lisa at a certain point, oil feeds into that, the question is how much is this driven by demand