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Transcripts For BBCNEWS World 20240705

us, you are in time for the top business stories. we start in the us where, as you ve been hearing in the last few hours, meta, the owner of facebook, instagram and whatsapp, has launched its widely anticipated new conversation app, threads. it allows users to create posts of up to 500 characters and is being seen as a clear rival to twitter. threads is available to download in more than 100 countries around the world, including here in the uk, but not as yet in the european union because of concerns over privacy regulations. meta boss mark zuckerberg says 5 million users have already signed up to threads in the first four hours. and many tech industry watchers say it poses a very real threat to twitter. i think threads will pose a huge threat to twitter because it is coming from the matter and instagram family of apps. instagram has 2 million users compared to around 250 million of twitter so about ten times bigger already. of twitter so about ten times biggeralready. if of

Transcripts for BBCNEWS World Business Report 20240604 04:45:00

time, shanghai is a thing three day international conference on al. some of the biggest names in the business are actually in shanghai, not in geneva. are actually in shanghai, not in geneva- are actually in shanghai, not in geneva. ~ ., i. in geneva. what you find here is this at in geneva. what you find here is this ai for in geneva. what you find here is this ai for good in geneva. what you find here is this ai for good global - is this ai for good global summit conference has been going on, this is its seventh year. they have been working on this issue for a long time and there are a gathering of expert consistently come to geneva and participate in working groups throughout the year. so this organisation, plus the global partnership on al, which i had the pleasure to co chair for two years, isjust the pleasure to co chair for two years, is just a number of international people that i working on this because it requires experts from all disciplines. so in many ways, this new

Transcripts for BBCNEWS World Business Report 20240604 04:42:00

about the impact of ai on everything from jobs where it s expected to replace hundreds of millions of full time staff around the world to democracy with its potential to spread disinformation and is even seen by some as a threat to humanity itself. baroness joanna shields is group chief executive of the tech firm benevolent ai, and a former uk minister for internet safety and security. a warm welcome to the programme. so, your business is looking at al in the field of medicine. so you are obviously all for it. ., , , . all for it. oh, absolutely. we have seen all for it. oh, absolutely. we have seen a all for it. oh, absolutely. we have seen a real all for it. oh, absolutely. wej have seen a real acceleration eventin have seen a real acceleration event in the past eight months orso event in the past eight months or so since jack s gdp was released, and what that means for us is these foundational models are very powerful, but they are very generic in nature chatgpt. in

Transcripts for BBCNEWS World Business Report 20240604 04:32:00

bigger already. of twitter so about ten times biggeralready. if of twitter so about ten times bigger already. if only one in ten instagram users tries using ackery 3com it has overtaken twitter. russ mould is investment director at the brokerage aj bell. hello to you. we first heard about threads on tuesday. since then, meta is at an 18 month high, was up again last night as well. investors like this idea. , ., , idea. they do. it is continuing a massive idea. they do. it is continuing a massive recovery idea. they do. it is continuing a massive recovery in - idea. they do. it is continuing a massive recovery in meta sl a massive recovery in meta s share price. it struggled last year because it feared it profits were hit by an advertising downturn and a recession until entangled in a legal situation in europe where it was a slapped with a fine what the europeans saw as data misuse but it has bounced back incredibly strongly. the us economy has picked up again, advertising seems to

Transcripts for BBCNEWS World Business Report 20240604 04:43:00

they are very generic in nature chatgpt. in order to be successful in using these foundational models, you need to develop bio domain specific models, large language models that can translate the language of biology and the understanding of disease and put that into the hands of scientists, and what is really exciting for us is we have been able to develop these large language models over the last couple of years, working in partnership with foundational models and give scientists these extraordinary tools that enable them to explore and hypothesise and make better decisions, but then also, predict and generate insights that are novel and to understand the biology better, these tools are incredibly empowering for scientists. so that as an example of ai for good, with his what this conference is about in china switzerland. but when it is in the hands of bad actors, which to be honest, it probably is now. i to be honest, it probably is now. ~ to be honest, it probably is now. ~ .,

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