To European Markets opening up, and the close in asia saw significant gains in Hong Kong and japan. The picture there is across the world, that is last night but this is what we are drawing our attention to here, the Hang Seng up by almost 4 and then Ak Injapan up by 3 as well. For more, joining me now is rory green, chief China Economist at t5 lombard. How significant are the new measures . It isa it is a significant Step Up in stimulus from beijing. What we have had announced so far, and we have got clarity on the monetary Side And Today the Politburo Set for september gave us an indication, we do not yet know the size of a fiscal stimulus and that will be crucial to assess the acceleration of growth. As you touched on, until traders are loving these signs and china assets are ripping higher. Observers have been saying for quite some time that beijing needs to do something dramatic to stimulate its economy. Why has it waited so long or until this point to do so . It has it waited so
Thank you forjoining us. Why are they doing this . Thank you so much. First of all, all of the things about models was a big promise about the impact and scalability and universal approach. You can use purpose ai for different applications. Now, it is time to show the economic return. They need more control of their assets and Infrastructure And Data capacity in order to deal with the next round. It is 6. 5 billion. It is 150 Billion valuation. It is not easy to understand that technologies commoditised. The price of chatgpt is 3. 5. Now, it is 2 of the price it was in 2022 when this model was leading. There is much more competition including Language Models and smaller Language Models, and local solutions and companies. Does it raise questions about the ethical approach of 0penai . They always said that they wanted to avoid the mistakes that were made with the social media revolution. It is. Does becoming a for Profit Company jeopardise that . You becoming a forProfit Company jeopardi
There . What is being heard and said at the un is being there . What is being heard and said at the un is being very said at the un is being very different to what is being heard and seen in the Middle East right now. When we woke up this morning, there was talk of the Ceasefire Proposal that was being put forward yesterday, but as the day has gone on, we have heard that a strong response from Benjamin Netanyahu who said he hadnt even responded to the proposal yet but they would continue to fight full force. We have seen that on the ground here. We have seen more continuing israeli Air Strikes and in the south of lebanon. Also here in beirut. Another one of these pleasant strikes here in the Southern Suburbs of beirut, only a couple of kilometres away from where i am talking to you right now. I went down there in the aftermath of that to see what was happening. Its less than an hour since this Air Strike was reported in the Southern Suburbs of beirut. I want to show you, you can see th
wisconsin. and the battleground state of wisconsin- and the battleground state of wisconsin. , ., . ., wisconsin. the economic growth is stronger wisconsin. the economic growth is stronger than wisconsin. the economic growth is stronger than we wisconsin. the economic growth is stronger than we had - wisconsin. the economic growth is stronger than we had during i is stronger than we had during the trump administration. thanks to the american people and america is now the strongest growth in the lowest inflation rate of any major economy in the world. all inflation rate of any ma or economy in the world. all this week, economy in the world. all this week. joe economy in the world. all this week, joe biden s economy in the world. all this week, joe biden s circuits - economy in the world. all this| week, joe biden s circuits from week, joe biden s circuits from the treasury secretary janet yellen from the white has economic adviser have been on the road with the mes
from these various meetings happening today? the from these various meetings happening today? happening today? the two meetings. happening today? the two meetings, the happening today? the two meetings, the g7 - happening today? the two meetings, the g7 but - happening today? the two meetings, the g7 but also | happening today? the two - meetings, the g7 but also the ttc, which i see is the more productive and hope meeting, it is bilateral, the us and the eu. i am sure something will come out of this, given the risks and dangers that have been identified quite clearly by both sides. what we could expect in that format is probably some kind of agreement on what the risks are first of all, to define the risks, the metrics of measuring the risks of ai and risk management methods, but also the start of developing common standards, to take steps together to, with stakeholders present at the ttc, who will give insight necessary to arrive at common standards. and i think everyo