Transcripts For BBCNEWS World 20240702 : comparemela.com

Transcripts For BBCNEWS World 20240702



legend for a billion dollars over his promotion of crypto exchange, binance. plus — 12 months that changed the world — one year on from the launch of chatgpt, how is the boom in artificial intelligence transforming the way we do business? hello if you have just hello if you havejustjoined us, you are very welcome. i am sally bundock. i am sally bundock. we start in dubai, where, as you have been hearing, 167 world leaders and 70,000 delegates from business, charities and faith groups are gathering for the latest round of global climate talks, the conference of the parties or cop28. of the parties, or cop28. eight years ago, in paris, nearly 200 nations pledged to keep global warming "well below" two degrees centigrade above pre—industrial levels, and try to limit it to 1.5 degrees. but a recent un report has confirmed the world is not acting fast enough to achieve the paris goals. there is added controversy, this time around, given the event is hosted by one of the world's top oil and gas producers. the president of the summit, dr sultan al—jaber, is also the boss of abu dhabi's state oil company. on wednesday he angrily dismissed a bbc report, based on leaked documents, that his country was planning to use the summit to negotiate oil deals. these allegations are false, not true, incorrect, are not accurate, and it's an attempt to undermine the work of the cop28 presidency. so please, for once, respect who we are, respect what we have achieved over the years, and respect the fact that we have been clear, open and clean and honest and transparent on how we are going to conduct this cop process. well, let's go live to the cop28 summit. sameer hashmi, our business correspondent in the gulf, is there. to what extent has this overshadowed this conference, the allegations that the uae are using this event to broker oil and gas deals?— oil and gas deals? sally, it is unwanted — oil and gas deals? sally, it is unwanted attention - oil and gas deals? sally, it is unwanted attention ready - oil and gas deals? sally, it is unwanted attention ready for the uae because this is an issue they have been battling with right from the start, right from the point where dr sultan al—jaber was announced as the president of cop28. it is something that has attracted widespread criticism, especially from the western media and society, how can someone at the head of one of the largest oil companies in the largest oil companies in the world be an honest broker when it comes to negotiating a deal where one of the main focuses is to phase out fossil fuels? this is something that uae have battled with from the start, this has come back to haunt them again and again, and ithink haunt them again and again, and i think this is something they would have definitely not wanted, just on the eve of the summit kicking off. there are so many important issues to be discussed are not sure if it will be overshadowing it but it is unwanted attention definitely they would have wanted to avoid at the start of the summit. wanted to avoid at the start of the summit-— wanted to avoid at the start of the summit. talk it through the key issues _ the summit. talk it through the key issues then, _ the summit. talk it through the key issues then, what - the summit. talk it through the key issues then, what is - the summit. talk it through the key issues then, what is top - the summit. talk it through the key issues then, what is top of| key issues then, what is top of the agenda this time?- the agenda this time? three main issues _ the agenda this time? three main issues that _ the agenda this time? three main issues that will - the agenda this time? three main issues that will be - the agenda this time? three main issues that will be the | main issues that will be the hot topics during the 13 day event here in dubai. the first one is going to be the global stock which essentially is an assessment of where the world is when it came to meeting the targets they agreed upon in paris 2013, which called on the well to restrict global warming to 1.5 celsius above preindustrial levels. as many activists have pointed out the what is far from that target. the second, which could be the most thorny issue, would be the funding that was agreed upon last year to fund poor and developing countries for the loss and damages due to global warming. no one knows or has come up with the formula of how much, so that will be a heated discussion, and of course the fossil fuel issue, discussion, and of course the fossilfuel issue, because discussion, and of course the fossil fuel issue, because they would be a push from many countries, including the european union, to adopt and specifically talk about phasing out fossil fuels in the final agreement, and that is something that would be resisted by many oil producing nations present in this part of the world, including the uae, and they would want the focus of the language to be on carbon capture technology, which essentially talks about sucking out c02 and storing a deep underground and not damaging the facilities. so i think that is something they will push for and there will definitely be a clash there. these three will be the top issues, 97,000, you mentioned 70,000, the latest figure we are hearing is that 97,000 delegates are expected to attend this summit, which will be the highest ever. so a lot of peeple _ will be the highest ever. so a lot of people are _ will be the highest ever. so a lot of people are going. - will be the highest ever. so a lot of people are going. thank you very much indeed. let's bring in swetha ramachandran, from artemis investment management, here in london. lovely to see you. there is a huge push to move into renewable energy that is happening all over the world. cop28 will feel that further, but here in the us, at —— we are hearing that for many companies it is hard to make it financially viable, which is a problem, isn't it?— problem, isn't it? yes. it is estimated _ problem, isn't it? yes. it is estimated that _ problem, isn't it? yes. it is estimated that since - problem, isn't it? yes. it is estimated that since 2021 l problem, isn't it? yes. it is - estimated that since 2021 more than 56 million gigawatts worth of clean power projects, enough power to power about 10 million homes, has been delayed. that is of course a consequence of the interest rate regime we are in where some of the promises that were made during the zero interest rate world are having to meet reality in a world where rates are 5% or more which affects the cost of financing these projects, but also supply chain bottlenecks because of use by various companies to impede the free movement of the supply, to critical infrastructure that goes into supply chains for renewable energy. find goes into supply chains for renewable energy. and this is happening — renewable energy. and this is happening in _ renewable energy. and this is happening in the _ renewable energy. and this is happening in the us - renewable energy. and this is happening in the us where i renewable energy. and this is i happening in the us where many companies are struggling or even giving up, despite the inflation reduction act, which was introduced and funded by the biden administration, which gave huge incentives, didn't it? , ., ., gave huge incentives, didn't it? ., , gave huge incentives, didn't it? , ., ., , ., gave huge incentives, didn't it? ., , ., , it? yes, and of course that is the reality — it? yes, and of course that is the reality of— it? yes, and of course that is the reality of how _ it? yes, and of course that is the reality of how a - it? yes, and of course that is the reality of how a broad - the reality of how a broad brush measure like the information protection act comes to confront reality in the form of local governments, would sometimes have different agendas or are perhaps more resistant to some of these projects in their own backyard, as well as the critical input in their supply chains from elements from let's say china, where there is a move to reduce dependence on imports coming from that market, which has also slow down the progression of many of his projects. find of many of his pro'ects. and 'ust of many of his pro'ects. and just quickly. _ of many of his projects. and just quickly, swetha, - of many of his projects. and just quickly, swetha, will you and your colleagues be watching cop28? if so, lots of most interest to you?— cop28? if so, lots of most interest to you? cop28? if so, lots of most interest to ou? ~ ~ ., _ ., interest to you? we know by now that no country — interest to you? we know by now that no country is _ interest to you? we know by now that no country is on _ interest to you? we know by now that no country is on track- interest to you? we know by now that no country is on track to - that no country is on track to meet its targets for 2050, which is quite alarming, and what we are looking for is a sign of commitment that they are able to devote more resources, whether they be financial or otherwise, to get back onto track, because that is clearly what everything will be hinging on, going forward. lovely to see you. thank you so much. let's stay with the climate story, because over the last two years, the global adoption of electric vehicles has been accelerating. they now make up 13% of all vehicle sales. but to hit net—zero by 2030, that will have to increase to 70%. i have been speaking to brian gu, president of chinese smart ev maker, xpeng, about the challenges of making that happen. for the ev market, we have seen a lot of growth but i think there is still a long way to 90, there is still a long way to go, in terms of continued growth of this industry. if you look at the penetration, china currently leads ev penetration at around 30% of the new car sales whereas europe is around 20%, and america is probably around 10%. so there are still around 10%. so there are still a growth curve to be seen in that regard. however, i think there is also increasing competition in the industry, and as we grow to be a mainstream product, people are obviously looking at the infrastructure to accommodate such fast growth.— infrastructure to accommodate such fast growth. when it comes to infrastructure, _ such fast growth. when it comes to infrastructure, there - such fast growth. when it comes to infrastructure, there are - to infrastructure, there are vast differences between countries. for example, china very much leading the way, as are other countries such as south korea, but the uk for example, a third of uk drivers do not intend to buy a fully electric car in the next decade, according to research done by the royal society of chemistry, because they are concerned about infrastructure, it is not being in place for them to support their car choice. . �* , them to support their car choice. ., �*, . ~ choice. that's correct. i think ran . e choice. that's correct. i think range anxiety _ choice. that's correct. i think range anxiety is _ choice. that's correct. i think range anxiety is one - choice. that's correct. i think range anxiety is one of - choice. that's correct. i think range anxiety is one of the i choice. that's correct. i think i range anxiety is one of the key factors impacting people's decision to purchase ev. we have seen that in china and i think it is true globally as well. in china what we saw encouragingly in the development of both the charging infrastructure build down as well as the technology advancements, hopefully will start to address some of these anxieties. we are also very encouraged to see there is a rapid development of charging efficiency and speed in the technology as well, to address some of these anxieties. for example, our recent models are all equipped with high voltage platforms, which allows the vehicle to be more efficient and faster charging in our high kilowatt guns. so if we couple our product with for example our product with for example our top—of—the—line 480 kilowatts in charging guns, we can actually charge up to 200 kilometres in around five or six minutes. so that kind of speed will also help to address some of the anxieties people have for charging in open and third—party areas. let's stay with energy, because the group of 23 oil—exporting nations, known as 0pec+, are holding a virtual meeting today. they are expected to discuss cutting oil output again, to prop up prices on global markets. memberstate, iran, has been pushing for islamic countries to impose an oil embargo on israel over the gaza war, but that has been rejected, so far. david fyfe is chief economist covering the oil and gas market at the research firm, argus media. get to have you on the programme, david. so, first of all, what are we expecting 0pec to announce today? more production cuts to come? well, aood production cuts to come? well, good morning- _ production cuts to come? well, good morning. i— production cuts to come? well, good morning. i think— production cuts to come? well, good morning. i think it - production cuts to come? well, good morning. i think it is - good morning. i think it is very much still up in the air. as of late last night, the word coming out on the wires was that no agreement had yet been reached. there is essentially three possibilities. 0ne reached. there is essentially three possibilities. one is that they defer a decision, which i think would weigh quite heavily on crude prices. the other is that they simply roll forward their existing production reductions into the early part of next year, and i think that's probably priced into the market at the moment. the final one is that, as saudi arabia has been pushing for, they try and steepen the production cuts, but there is push back from that from some of the smaller producers, apparently. so really very much up apparently. so really very much up in the air. apparently. so really very much up in the air-— up in the air. yes, i mean, when it — up in the air. yes, i mean, when it comes _ up in the air. yes, i mean, when it comes to - up in the air. yes, i mean, when it comes to the - up in the air. yes, i mean, i when it comes to the impact up in the air. yes, i mean, - when it comes to the impact on oil prices and the production cuts they have recently announced, you would see an initial spike in the price of oil but then it comes down again. looking at brent crude now, $83 a barrel.— again. looking at brent crude now, $83 a barrel. yes, there is a sort _ now, $83 a barrel. yes, there is a sort of — now, $83 a barrel. yes, there is a sort of watchword - now, $83 a barrel. yes, there is a sort of watchword in - now, $83 a barrel. yes, there is a sort of watchword in the l is a sort of watchword in the market, which is by the rumour, sell the fact. as i say, i think the market, when they look at the prospects for supply and demand next year, i think the market is assuming that at least there will be a rollover of the existing cuts, so it's quite possible, if that does happen, they might even be a slight sell off immediately after that announcement. but really it is all highly uncertain, and there is a lot of internal politicking going on about individual production quotas. irate on about individual production auotas. ~ . on about individual production auotas. . ~ , on about individual production uotas. . ., ~' , ., ., on about individual production auotas. ., ~ ., ., quotas. we are keenly aware of the internal _ quotas. we are keenly aware of the internal politicking - quotas. we are keenly aware of the internal politicking going i the internal politicking going on at 0pec+, i mean, it happens all the time, doesn't it, but in terms of an islamic oil embargo against israel, well that go unheeded still, do you think? i that go unheeded still, do you think? ~' that go unheeded still, do you think? ~ , ., ., think? i think, up to now, the producer— think? i think, up to now, the producer nations _ think? i think, up to now, the producer nations and - think? i think, up to now, the| producer nations and arguably around itself has been relatively muted in its pronouncement surrounding what's going on in gaza. 0bviously, what's going on in gaza. obviously, there is the historical precedent for an embargo on the western nations. we saw that in the 19705. i would be surprised if that gained traction at the present time, you know, with the world potentially seeing a macroeconomic slowdown in the first part of next year, i'm not sure that producers want to get tangled up in a geopolitical dispute such as that, with the consuming nations. that, with the consuming nations-— that, with the consuming nations. ., ~ , ., ., nations. david, thank you for our nations. david, thank you for your time- — nations. david, thank you for your time. we _ nations. david, thank you for your time. we will _ nations. david, thank you for your time. we will keep - nations. david, thank you for your time. we will keep an i nations. david, thank you for l your time. we will keep an eye on the 0pec+ meeting as the day progresses. to the us now, where football legend cristiano ronaldo is facing a class action lawsuit over his promotion of cryptocurrency exchange binance. the plaintiffs claim his endorsement led them to make loss—making investments and are seeking damages of "a sum exceeding" $1 billion. 0ur north america business correspondent michelle fleury has been following the story. crypto industry appetite for celebrity partnerships is well—documented are now many of the a—list is who got in on the action i caught up in the sector's troubles. the latest is well known footballer cristiano ronaldo. last november he and binance, the world's largest crypto exchange, announced a partnership to introduce his fans to the world of nft is starting with the launch of the cr seven collection. nfts are non—fungible tokens, virtual assets that can be bought and sold and don't exist physically, only digitally. while mccready refers to rinaldo —positive initials and ship number. in the class action lawsuit plaintiffs claim his endorsement led them to make lossmaking investments and they want at least $1 billion in damages. the action comes a week afterfinance in damages. the action comes a week after finance agreed to pay $4.3 billion to settle a criminal case that failed to prevent money—laundering and sanctions violations. and sanctions violations. and together. _ sanctions violations. and together, we _ sanctions violations. and together, we can - sanctions violations. fific together, we can exchange the world... he together, we can exchange the world... , ., , world... he is not the first liberty to _ world... he is not the first liberty to be _ world... he is not the first liberty to be sued - world. .. he is not the first liberty to be sued for- liberty to be sued for promoting cyrptocurrency products. nfl quarterback tom brady and comedian larry david face lawsuits further touting ftx. it's a safe and easy way to net a ftx. it's a safe and easy way to get a crypto- _ ftx. it's a safe and easy way to get a crypto. i _ ftx. it's a safe and easy way to get a crypto. i don't - ftx. it's a safe and easy way to get a crypto. i don't think| to get a crypto. i don't think so. to get a crypto. i don't think so- major — to get a crypto. i don't think so. major league _ to get a crypto. i don't think so. major league baseball, | so. major league baseball, formula one and mercedes—benz are also being sued over ftx. despite this dismal track record, it won't stop celebrity endorsements. this week cristiano ronaldo teased on social media, cooking something up social media, cooking something up with binance. michelle fleury there. around the world and across the uk, this is bbc news. voice-over: bbc news, bringing ou voice-over: bbc news, bringing you different _ voice-over: bbc news, bringing you different stories _ voice-over: bbc news, bringing you different stories from - you different stories from across the uk.— you different stories from across the uk. we're helping about 150- — across the uk. we're helping about 150- families - across the uk. we're helping about 150- families per- across the uk. we're helpingj about 150- families per week about 150— families per week now. but the huge average. at the bottom of this property is a small child and that child needs help so that's what we do. emily only thought her baby bank would last a couple of weeks and finish once her donation straight up, but almost five years on, many struggling families rely on it. they are not coming because there are flash or because they've got lots of things, they've got lots of things, they are coming because they are desperate and need a winter coat for their child, a pair of come because they are facing incredibly different, difficult circumstances and need that little bit of help.— circumstances and need that little bit of help. sarah knows how many _ little bit of help. sarah knows how many of _ little bit of help. sarah knows how many of these _ little bit of help. sarah knows how many of these families i how many of these families feel. she came in after her baby was born. mr; feel. she came in after her baby was born.— feel. she came in after her baby was born. my baby was six ears old baby was born. my baby was six years old and — baby was born. my baby was six years old and i _ baby was born. my baby was six years old and i needed - baby was born. my baby was six years old and i needed a - baby was born. my baby was six years old and i needed a sling i years old and i needed a sling for hen — years old and i needed a sling for hen i_ years old and i needed a sling for her. i didn't have £40 or $50 — for her. i didn't have £40 or $50 my— for her. i didn't have £40 or $50 .my £50. for her. i didn't have £40 or 550 -my 60-— for her. i didn't have £40 or $50 .m £50. ,, , ., , $50 .my £50. she is now helping the charity — $50 .my £50. she is now helping the charity for— $50 .my £50. she is now helping the charity for others _ $50 .my £50. she is now helping the charity for others who - $50 .my £50. she is now helping the charity for others who face i the charity for others who face the charity for others who face the same situation. v0|ce—0ver: for more stories from across the uk, head to the bbc news website. you're live with bbc news. let's go to australia now, because it has been four years since the black summer of bushfires — one of the country's worst natural disasters. campaigners say it has convinced many australians of the need for more urgent action on climate change. the labor government, elected in may 2022, has promised bold policies to curb emissions with large investment in renewable energy. in one fire—hit region, the community is recovering from the blazes of 2019 to 2020, but is preparing for dangerous conditions in the years to come. from bilpin, new south wales, phil mercer reports. the black summer bushfires destroyed an area of land the size of the united kingdom. in bilpin, north—west of sydney, much of simon tadros's orchard was ruined. much of simon tadros's orchard was ruined-— was ruined. they were horrific. we've never— was ruined. they were horrific. we've never seen _ was ruined. they were horrific. we've never seen nothing - was ruined. they were horrific. we've never seen nothing like | we've never seen nothing like it. he has rebuilt and replanted but believes the fires will return.— fires will return. i've been here 40 — fires will return. i've been here 40 years _ fires will return. i've been here 40 years and - fires will return. i've been here 40 years and we've i fires will return. i've been i here 40 years and we've had four or five different major fire evidence. it will all happen again, regardless of what people say or what happens. we will get major fires again. bu happens. we will get ma'or fires again.�* happens. we will get ma'or fires again. an enquiry found that climate _ fires again. an enquiry found that climate change - fires again. an enquiry found that climate change had - fires again. an enquiry found i that climate change had made the blazes of 2019 — 20 more extreme. modern australia had never seen such ferocity. this scared me. — never seen such ferocity. this scared me, this _ never seen such ferocity. this scared me, this really - never seen such ferocity. this scared me, this really scared me — scared me, this really scared me i— scared me, this really scared me. i think it's given australia a huge wake—up call oniust— australia a huge wake—up call onjust how susceptible australia a huge wake—up call on just how susceptible we are and how— on just how susceptible we are and how dangerous things can be. ., , ., , be. the memories of the fires are still fresh _ be. the memories of the fires are still fresh in _ be. the memories of the fires are still fresh in this - be. the memories of the fires are still fresh in this part - be. the memories of the fires are still fresh in this part of. are still fresh in this part of the blue mountains. people remember the fear and the panic they felt during that terrible time. but here in bilpin there is an unmistakable sense of renewal and a determination to rebuild. the flames that tore through bilpin came from a strategic backbone that went badly wrong. it was lit deliberately by emergency crews to try to stop the advance of another major outbreak. this to try to stop the advance of another major outbreak. another ma'or outbreak. this is the another major outbreak. this is the show- -- _ another major outbreak. this is the show... the _ another major outbreak. this is the show... the holiday - another major outbreak. this is the show... the holiday cabins| the show... the holiday cabins and this matter's _ the show... the holiday cabins and this matter's fire - the show... the holiday cabins and this matter's fire home . and this matter's fire home were engulfed in flames. irate and this matter's fire home were engulfed in flames. we had massive water _ were engulfed in flames. we had massive water storage _ were engulfed in flames. we had massive water storage with - were engulfed in flames. we had massive water storage with big, l massive water storage with big, heavy lines that could turn sprinklers on on everything. sprinklers work. if you got the water, you can save from a fire. climate change means it happens more often, so it used to happen every 10—20 years. now it may be more likely to be every six or seven years. the ears, every six or seven years. the years, conservationists - every six or seven years. the years, conservationists have said that warming temperatures making australia more vulnerable to natural disasters.— vulnerable to natural disasters. ~ ., disasters. like someone was a landmark _ disasters. like someone was a landmark in — disasters. like someone was a landmark in australians' - landmark in australians' understanding that climate change is notjust a future problem, it is here and now and it's harming _ problem, it is here and now and it's harming our communities. australia _ it's harming our communities. australia plans to reach zero emissions by 2050. in vibrant amenities there is a determination to be better prepared for the next onslaught, whatever it might come. phil mercer, bbc news, in bilpin, new south wales. it's been exactly one year since 0penai publicly launched chatgpt and kicked off the boom in generative artificial intelligence. to put chatgpt�*s success into perspective, tiktok took nine months, and instagram took 2.5 years to reach 100 million users. chatgpt managed that in just two months. so how has it changed the world of business? let's go to chicago and speak to mark wagman, managing director of medialink, a media, marketing, and technology consultancy. warm welcome to you, mark. let me admit a tortuous time for the company behind chatgpt. we could talk about that later bleach* festival, a year on, what do you make of it? man, it is uuite what do you make of it? man, it is quite the _ what do you make of it? man, it is quite the transformational- is quite the transformational technology in this world. that is changing the way people think about a lot of pieces of the day—to—day life that makes business business. a lot of the core use cases today are around interesting things like duration and creation while opportunities to take a bunch of data and some i sit down to what matters and also opportunities to kind of used technology and use automation to generate new content and generate content at a scale we've never seen before. now of course many _ we've never seen before. now of course many companies - we've never seen before. now of course many companies are - course many companies are catching up now with 0penai's offering which is behind chatgpt which of course the major investment, investor and thatis major investment, investor and that is microsoft. —— mitta mitta investor. in terms of how it makes income, talked through that element. aha, it makes income, talked through that element.— that element. a lot of us consumers _ that element. a lot of us consumers who - that element. a lot of us consumers who sit - that element. a lot of us consumers who sit at - that element. a lot of us i consumers who sit at home that element. a lot of us - consumers who sit at home using some of these new cool tools, using some of the freer versions are available at scale, which are usually two or three iterations or versions behind what's really kind of at the tip of the sphere there, so today they are making money and a couple of different ways. one is simply licensing advanced versions of the tools people like you and me and people in the enterprise space, but also licensing access to their models and access to the technology that they've built. it's an expensive business to run, the microsoft partnership has unlocked access to compute power but i think they clearly need to expand and grow their business and their vision. i think they've also been very vocal about needing almost $100 billion bought and messed over the next couple of years to really reach where they think they can take the business, so yes, they are making money today but the road is long in terms of what that model actually will look like moving forward. ~ . ~ actually will look like moving forward. ~ ., ~ ., forward. we talked about the massive growth _ forward. we talked about the massive growth in _ forward. we talked about the massive growth in a - forward. we talked about the massive growth in a very - forward. we talked about the l massive growth in a very short space of time. do you think will get the point where nearly everyone will not imagine life without using some sort of a hitec? ,, . . , hitec? especially in the enterprise _ hitec? especially in the enterprise aspect, - hitec? especially in the enterprise aspect, i - hitec? especially in the i enterprise aspect, i have opportunity work with advertisers and markers and we do a global market forecast every, talking to 400 marketing leaders across the globe, eight out of ten of these marketing leaders are already using ai in some way, shape or form. leaders are already using ai in some way, shape orform. i think what we see over the course of the next couple of years is moreover strategic view of the way to use ai holistically across and organisationally have to bring teams together, the right folks together to define the strategy, built a governance model around it and make sure ultimately what you're doing is right for the business and right for the business and right for the customer. it’s right for the customer. it's fascinating _ right for the customer. it's fascinating for _ right for the customer. it's fascinating for sure. thank you, good to talk to you. mark wagman, managing director of medialink. it's been a week of declines but look at this. markets are fairly flat, tiny, or any little increase forward. japan, nothing much to shout about. the conversation is all about what the fed might do next, the various comments we've had from fat leaders this week the delight dropping to three month lows. forthe delight dropping to three month lows. for the us, to see how the day ended there, as you can see very flat and very muted. we are coming into december. it is very close. there is something there known as a centre rally when volumes are very, very low because most people have gone away for the holiday break and so things move very, there is a lot of volatility in markets, basically, as we go towards the end of a calendar year. that's all for me. thank you so much for your company. we shall see you very soon. hello, there. talk of the town this week has just been how cold it's become. yes, on wednesday, we started off with a hard frost in the lake district. temperatures were sitting at —7, first thing in the morning, and despite lots of sunshine throughout the day, they struggled to climb above freezing by the middle of wednesday afternoon. now, we could actually see a similar story on thursday, a widespread hard frost to begin the day, the exception down in the south west, with this developing area of low pressure. that's going to bring outbreaks of rain, and windy with it, as well. we could see gusts of wind on exposed coasts close to 50 mph. let's zoom in and look at that in a little more detail. it will be primarily rain across the isles of scilly and much of cornwall, some wet snow, perhaps, across the moors, and some of this frontal system willjust brush the south coast, maybe the odd spot ortwo of rain, south of london. a cold day, generally, four or five degrees, some freezing fog slow to lift in the midlands. now, with that northeasterly breeze, one or two wintry showers along exposed east coasts of northern england and eastern scotland, sheltered western areas will see the best of any sunny spells, but again, a cold day — two to five degrees quite widely across the country. now, as we move out of thursday into friday, again, light winds, clear skies, once again, those temperatures falling away. it looks likely to be another cold and frosty start to friday morning, and, potentially, friday could be the coldest spell over the next few days. so some freezing fog quite possible, as well, and a subtle change in wind direction means that we run the risk of a few more showers running down through the north coast of northern ireland, and down through the irish sea, as well. so a few coastal showers around. inland — dry, plenty of sunshine, but another cold day — zero to five degrees at the very best. now, as we move out of friday into the start of the weekend, we could see a few more showers drifting in from the west, but a relatively quiet start, before, as we move into the middle part of the week, we could see areas of low pressure bringing yet more rain in and perhaps something a little less cold. so it'll be a cold and frosty start to our weekend, but, as you can see, more showers are likely and those temperatures gradually starting to creep up. that's it. stay warm. good morning. welcome to breakfast with charlie stayt and naga munchetty. 0ur headlines today... just 15 minutes before it was due to expire, israel's military says the temporary truce with hamas has been extended. 16 hostages were released yesterday. one of the leading statesmen of the 20th century, henry kissinger, dies at the age of 100. the former health secretary, matt hancock, will defend his record during the pandemic when he appears before the covid inquiry today. and it's goodbye to yang guang and tian tian. today is the last chance to see the uk's only giant pandas at edinburgh zoo before they return to china. as schools clamp down on vaping, the company, which makes more

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Transcripts For BBCNEWS World 20240702

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legend for a billion dollars over his promotion of crypto exchange, binance. plus — 12 months that changed the world — one year on from the launch of chatgpt, how is the boom in artificial intelligence transforming the way we do business? hello if you have just hello if you havejustjoined us, you are very welcome. i am sally bundock. i am sally bundock. we start in dubai, where, as you have been hearing, 167 world leaders and 70,000 delegates from business, charities and faith groups are gathering for the latest round of global climate talks, the conference of the parties or cop28. of the parties, or cop28. eight years ago, in paris, nearly 200 nations pledged to keep global warming "well below" two degrees centigrade above pre—industrial levels, and try to limit it to 1.5 degrees. but a recent un report has confirmed the world is not acting fast enough to achieve the paris goals. there is added controversy, this time around, given the event is hosted by one of the world's top oil and gas producers. the president of the summit, dr sultan al—jaber, is also the boss of abu dhabi's state oil company. on wednesday he angrily dismissed a bbc report, based on leaked documents, that his country was planning to use the summit to negotiate oil deals. these allegations are false, not true, incorrect, are not accurate, and it's an attempt to undermine the work of the cop28 presidency. so please, for once, respect who we are, respect what we have achieved over the years, and respect the fact that we have been clear, open and clean and honest and transparent on how we are going to conduct this cop process. well, let's go live to the cop28 summit. sameer hashmi, our business correspondent in the gulf, is there. to what extent has this overshadowed this conference, the allegations that the uae are using this event to broker oil and gas deals?— oil and gas deals? sally, it is unwanted — oil and gas deals? sally, it is unwanted attention - oil and gas deals? sally, it is unwanted attention ready - oil and gas deals? sally, it is unwanted attention ready for the uae because this is an issue they have been battling with right from the start, right from the point where dr sultan al—jaber was announced as the president of cop28. it is something that has attracted widespread criticism, especially from the western media and society, how can someone at the head of one of the largest oil companies in the largest oil companies in the world be an honest broker when it comes to negotiating a deal where one of the main focuses is to phase out fossil fuels? this is something that uae have battled with from the start, this has come back to haunt them again and again, and ithink haunt them again and again, and i think this is something they would have definitely not wanted, just on the eve of the summit kicking off. there are so many important issues to be discussed are not sure if it will be overshadowing it but it is unwanted attention definitely they would have wanted to avoid at the start of the summit. wanted to avoid at the start of the summit-— wanted to avoid at the start of the summit. talk it through the key issues _ the summit. talk it through the key issues then, _ the summit. talk it through the key issues then, what - the summit. talk it through the key issues then, what is - the summit. talk it through the key issues then, what is top - the summit. talk it through the key issues then, what is top of| key issues then, what is top of the agenda this time?- the agenda this time? three main issues _ the agenda this time? three main issues that _ the agenda this time? three main issues that will - the agenda this time? three main issues that will be - the agenda this time? three main issues that will be the | main issues that will be the hot topics during the 13 day event here in dubai. the first one is going to be the global stock which essentially is an assessment of where the world is when it came to meeting the targets they agreed upon in paris 2013, which called on the well to restrict global warming to 1.5 celsius above preindustrial levels. as many activists have pointed out the what is far from that target. the second, which could be the most thorny issue, would be the funding that was agreed upon last year to fund poor and developing countries for the loss and damages due to global warming. no one knows or has come up with the formula of how much, so that will be a heated discussion, and of course the fossil fuel issue, discussion, and of course the fossilfuel issue, because discussion, and of course the fossil fuel issue, because they would be a push from many countries, including the european union, to adopt and specifically talk about phasing out fossil fuels in the final agreement, and that is something that would be resisted by many oil producing nations present in this part of the world, including the uae, and they would want the focus of the language to be on carbon capture technology, which essentially talks about sucking out c02 and storing a deep underground and not damaging the facilities. so i think that is something they will push for and there will definitely be a clash there. these three will be the top issues, 97,000, you mentioned 70,000, the latest figure we are hearing is that 97,000 delegates are expected to attend this summit, which will be the highest ever. so a lot of peeple _ will be the highest ever. so a lot of people are _ will be the highest ever. so a lot of people are going. - will be the highest ever. so a lot of people are going. thank you very much indeed. let's bring in swetha ramachandran, from artemis investment management, here in london. lovely to see you. there is a huge push to move into renewable energy that is happening all over the world. cop28 will feel that further, but here in the us, at —— we are hearing that for many companies it is hard to make it financially viable, which is a problem, isn't it?— problem, isn't it? yes. it is estimated _ problem, isn't it? yes. it is estimated that _ problem, isn't it? yes. it is estimated that since - problem, isn't it? yes. it is estimated that since 2021 l problem, isn't it? yes. it is - estimated that since 2021 more than 56 million gigawatts worth of clean power projects, enough power to power about 10 million homes, has been delayed. that is of course a consequence of the interest rate regime we are in where some of the promises that were made during the zero interest rate world are having to meet reality in a world where rates are 5% or more which affects the cost of financing these projects, but also supply chain bottlenecks because of use by various companies to impede the free movement of the supply, to critical infrastructure that goes into supply chains for renewable energy. find goes into supply chains for renewable energy. and this is happening — renewable energy. and this is happening in _ renewable energy. and this is happening in the _ renewable energy. and this is happening in the us - renewable energy. and this is happening in the us where i renewable energy. and this is i happening in the us where many companies are struggling or even giving up, despite the inflation reduction act, which was introduced and funded by the biden administration, which gave huge incentives, didn't it? , ., ., gave huge incentives, didn't it? ., , gave huge incentives, didn't it? , ., ., , ., gave huge incentives, didn't it? ., , ., , it? yes, and of course that is the reality — it? yes, and of course that is the reality of— it? yes, and of course that is the reality of how _ it? yes, and of course that is the reality of how a - it? yes, and of course that is the reality of how a broad - the reality of how a broad brush measure like the information protection act comes to confront reality in the form of local governments, would sometimes have different agendas or are perhaps more resistant to some of these projects in their own backyard, as well as the critical input in their supply chains from elements from let's say china, where there is a move to reduce dependence on imports coming from that market, which has also slow down the progression of many of his projects. find of many of his pro'ects. and 'ust of many of his pro'ects. and just quickly. _ of many of his projects. and just quickly, swetha, - of many of his projects. and just quickly, swetha, will you and your colleagues be watching cop28? if so, lots of most interest to you?— cop28? if so, lots of most interest to you? cop28? if so, lots of most interest to ou? ~ ~ ., _ ., interest to you? we know by now that no country — interest to you? we know by now that no country is _ interest to you? we know by now that no country is on _ interest to you? we know by now that no country is on track- interest to you? we know by now that no country is on track to - that no country is on track to meet its targets for 2050, which is quite alarming, and what we are looking for is a sign of commitment that they are able to devote more resources, whether they be financial or otherwise, to get back onto track, because that is clearly what everything will be hinging on, going forward. lovely to see you. thank you so much. let's stay with the climate story, because over the last two years, the global adoption of electric vehicles has been accelerating. they now make up 13% of all vehicle sales. but to hit net—zero by 2030, that will have to increase to 70%. i have been speaking to brian gu, president of chinese smart ev maker, xpeng, about the challenges of making that happen. for the ev market, we have seen a lot of growth but i think there is still a long way to 90, there is still a long way to go, in terms of continued growth of this industry. if you look at the penetration, china currently leads ev penetration at around 30% of the new car sales whereas europe is around 20%, and america is probably around 10%. so there are still around 10%. so there are still a growth curve to be seen in that regard. however, i think there is also increasing competition in the industry, and as we grow to be a mainstream product, people are obviously looking at the infrastructure to accommodate such fast growth.— infrastructure to accommodate such fast growth. when it comes to infrastructure, _ such fast growth. when it comes to infrastructure, there - such fast growth. when it comes to infrastructure, there are - to infrastructure, there are vast differences between countries. for example, china very much leading the way, as are other countries such as south korea, but the uk for example, a third of uk drivers do not intend to buy a fully electric car in the next decade, according to research done by the royal society of chemistry, because they are concerned about infrastructure, it is not being in place for them to support their car choice. . �* , them to support their car choice. ., �*, . ~ choice. that's correct. i think ran . e choice. that's correct. i think range anxiety _ choice. that's correct. i think range anxiety is _ choice. that's correct. i think range anxiety is one - choice. that's correct. i think range anxiety is one of - choice. that's correct. i think range anxiety is one of the i choice. that's correct. i think i range anxiety is one of the key factors impacting people's decision to purchase ev. we have seen that in china and i think it is true globally as well. in china what we saw encouragingly in the development of both the charging infrastructure build down as well as the technology advancements, hopefully will start to address some of these anxieties. we are also very encouraged to see there is a rapid development of charging efficiency and speed in the technology as well, to address some of these anxieties. for example, our recent models are all equipped with high voltage platforms, which allows the vehicle to be more efficient and faster charging in our high kilowatt guns. so if we couple our product with for example our product with for example our top—of—the—line 480 kilowatts in charging guns, we can actually charge up to 200 kilometres in around five or six minutes. so that kind of speed will also help to address some of the anxieties people have for charging in open and third—party areas. let's stay with energy, because the group of 23 oil—exporting nations, known as 0pec+, are holding a virtual meeting today. they are expected to discuss cutting oil output again, to prop up prices on global markets. memberstate, iran, has been pushing for islamic countries to impose an oil embargo on israel over the gaza war, but that has been rejected, so far. david fyfe is chief economist covering the oil and gas market at the research firm, argus media. get to have you on the programme, david. so, first of all, what are we expecting 0pec to announce today? more production cuts to come? well, aood production cuts to come? well, good morning- _ production cuts to come? well, good morning. i— production cuts to come? well, good morning. i think— production cuts to come? well, good morning. i think it - production cuts to come? well, good morning. i think it is - good morning. i think it is very much still up in the air. as of late last night, the word coming out on the wires was that no agreement had yet been reached. there is essentially three possibilities. 0ne reached. there is essentially three possibilities. one is that they defer a decision, which i think would weigh quite heavily on crude prices. the other is that they simply roll forward their existing production reductions into the early part of next year, and i think that's probably priced into the market at the moment. the final one is that, as saudi arabia has been pushing for, they try and steepen the production cuts, but there is push back from that from some of the smaller producers, apparently. so really very much up apparently. so really very much up in the air. apparently. so really very much up in the air-— up in the air. yes, i mean, when it — up in the air. yes, i mean, when it comes _ up in the air. yes, i mean, when it comes to - up in the air. yes, i mean, when it comes to the - up in the air. yes, i mean, i when it comes to the impact up in the air. yes, i mean, - when it comes to the impact on oil prices and the production cuts they have recently announced, you would see an initial spike in the price of oil but then it comes down again. looking at brent crude now, $83 a barrel.— again. looking at brent crude now, $83 a barrel. yes, there is a sort _ now, $83 a barrel. yes, there is a sort of — now, $83 a barrel. yes, there is a sort of watchword - now, $83 a barrel. yes, there is a sort of watchword in - now, $83 a barrel. yes, there is a sort of watchword in the l is a sort of watchword in the market, which is by the rumour, sell the fact. as i say, i think the market, when they look at the prospects for supply and demand next year, i think the market is assuming that at least there will be a rollover of the existing cuts, so it's quite possible, if that does happen, they might even be a slight sell off immediately after that announcement. but really it is all highly uncertain, and there is a lot of internal politicking going on about individual production quotas. irate on about individual production auotas. ~ . on about individual production auotas. . ~ , on about individual production uotas. . ., ~' , ., ., on about individual production auotas. ., ~ ., ., quotas. we are keenly aware of the internal _ quotas. we are keenly aware of the internal politicking - quotas. we are keenly aware of the internal politicking going i the internal politicking going on at 0pec+, i mean, it happens all the time, doesn't it, but in terms of an islamic oil embargo against israel, well that go unheeded still, do you think? i that go unheeded still, do you think? ~' that go unheeded still, do you think? ~ , ., ., think? i think, up to now, the producer— think? i think, up to now, the producer nations _ think? i think, up to now, the producer nations and - think? i think, up to now, the| producer nations and arguably around itself has been relatively muted in its pronouncement surrounding what's going on in gaza. 0bviously, what's going on in gaza. obviously, there is the historical precedent for an embargo on the western nations. we saw that in the 19705. i would be surprised if that gained traction at the present time, you know, with the world potentially seeing a macroeconomic slowdown in the first part of next year, i'm not sure that producers want to get tangled up in a geopolitical dispute such as that, with the consuming nations. that, with the consuming nations-— that, with the consuming nations. ., ~ , ., ., nations. david, thank you for our nations. david, thank you for your time- — nations. david, thank you for your time. we _ nations. david, thank you for your time. we will _ nations. david, thank you for your time. we will keep - nations. david, thank you for your time. we will keep an i nations. david, thank you for l your time. we will keep an eye on the 0pec+ meeting as the day progresses. to the us now, where football legend cristiano ronaldo is facing a class action lawsuit over his promotion of cryptocurrency exchange binance. the plaintiffs claim his endorsement led them to make loss—making investments and are seeking damages of "a sum exceeding" $1 billion. 0ur north america business correspondent michelle fleury has been following the story. crypto industry appetite for celebrity partnerships is well—documented are now many of the a—list is who got in on the action i caught up in the sector's troubles. the latest is well known footballer cristiano ronaldo. last november he and binance, the world's largest crypto exchange, announced a partnership to introduce his fans to the world of nft is starting with the launch of the cr seven collection. nfts are non—fungible tokens, virtual assets that can be bought and sold and don't exist physically, only digitally. while mccready refers to rinaldo —positive initials and ship number. in the class action lawsuit plaintiffs claim his endorsement led them to make lossmaking investments and they want at least $1 billion in damages. the action comes a week afterfinance in damages. the action comes a week after finance agreed to pay $4.3 billion to settle a criminal case that failed to prevent money—laundering and sanctions violations. and sanctions violations. and together. _ sanctions violations. and together, we _ sanctions violations. and together, we can - sanctions violations. fific together, we can exchange the world... he together, we can exchange the world... , ., , world... he is not the first liberty to _ world... he is not the first liberty to be _ world... he is not the first liberty to be sued - world. .. he is not the first liberty to be sued for- liberty to be sued for promoting cyrptocurrency products. nfl quarterback tom brady and comedian larry david face lawsuits further touting ftx. it's a safe and easy way to net a ftx. it's a safe and easy way to get a crypto- _ ftx. it's a safe and easy way to get a crypto. i _ ftx. it's a safe and easy way to get a crypto. i don't - ftx. it's a safe and easy way to get a crypto. i don't think| to get a crypto. i don't think so. to get a crypto. i don't think so- major — to get a crypto. i don't think so. major league _ to get a crypto. i don't think so. major league baseball, | so. major league baseball, formula one and mercedes—benz are also being sued over ftx. despite this dismal track record, it won't stop celebrity endorsements. this week cristiano ronaldo teased on social media, cooking something up social media, cooking something up with binance. michelle fleury there. around the world and across the uk, this is bbc news. voice-over: bbc news, bringing ou voice-over: bbc news, bringing you different _ voice-over: bbc news, bringing you different stories _ voice-over: bbc news, bringing you different stories from - you different stories from across the uk.— you different stories from across the uk. we're helping about 150- — across the uk. we're helping about 150- families - across the uk. we're helping about 150- families per- across the uk. we're helpingj about 150- families per week about 150— families per week now. but the huge average. at the bottom of this property is a small child and that child needs help so that's what we do. emily only thought her baby bank would last a couple of weeks and finish once her donation straight up, but almost five years on, many struggling families rely on it. they are not coming because there are flash or because they've got lots of things, they've got lots of things, they are coming because they are desperate and need a winter coat for their child, a pair of come because they are facing incredibly different, difficult circumstances and need that little bit of help.— circumstances and need that little bit of help. sarah knows how many _ little bit of help. sarah knows how many of _ little bit of help. sarah knows how many of these _ little bit of help. sarah knows how many of these families i how many of these families feel. she came in after her baby was born. mr; feel. she came in after her baby was born.— feel. she came in after her baby was born. my baby was six ears old baby was born. my baby was six years old and — baby was born. my baby was six years old and i _ baby was born. my baby was six years old and i needed - baby was born. my baby was six years old and i needed a - baby was born. my baby was six years old and i needed a sling i years old and i needed a sling for hen — years old and i needed a sling for hen i_ years old and i needed a sling for her. i didn't have £40 or $50 — for her. i didn't have £40 or $50 my— for her. i didn't have £40 or $50 .my £50. for her. i didn't have £40 or 550 -my 60-— for her. i didn't have £40 or $50 .m £50. ,, , ., , $50 .my £50. she is now helping the charity — $50 .my £50. she is now helping the charity for— $50 .my £50. she is now helping the charity for others _ $50 .my £50. she is now helping the charity for others who - $50 .my £50. she is now helping the charity for others who face i the charity for others who face the charity for others who face the same situation. v0|ce—0ver: for more stories from across the uk, head to the bbc news website. you're live with bbc news. let's go to australia now, because it has been four years since the black summer of bushfires — one of the country's worst natural disasters. campaigners say it has convinced many australians of the need for more urgent action on climate change. the labor government, elected in may 2022, has promised bold policies to curb emissions with large investment in renewable energy. in one fire—hit region, the community is recovering from the blazes of 2019 to 2020, but is preparing for dangerous conditions in the years to come. from bilpin, new south wales, phil mercer reports. the black summer bushfires destroyed an area of land the size of the united kingdom. in bilpin, north—west of sydney, much of simon tadros's orchard was ruined. much of simon tadros's orchard was ruined-— was ruined. they were horrific. we've never— was ruined. they were horrific. we've never seen _ was ruined. they were horrific. we've never seen nothing - was ruined. they were horrific. we've never seen nothing like | we've never seen nothing like it. he has rebuilt and replanted but believes the fires will return.— fires will return. i've been here 40 — fires will return. i've been here 40 years _ fires will return. i've been here 40 years and - fires will return. i've been here 40 years and we've i fires will return. i've been i here 40 years and we've had four or five different major fire evidence. it will all happen again, regardless of what people say or what happens. we will get major fires again. bu happens. we will get ma'or fires again.�* happens. we will get ma'or fires again. an enquiry found that climate _ fires again. an enquiry found that climate change - fires again. an enquiry found that climate change had - fires again. an enquiry found i that climate change had made the blazes of 2019 — 20 more extreme. modern australia had never seen such ferocity. this scared me. — never seen such ferocity. this scared me, this _ never seen such ferocity. this scared me, this really - never seen such ferocity. this scared me, this really scared me — scared me, this really scared me i— scared me, this really scared me. i think it's given australia a huge wake—up call oniust— australia a huge wake—up call onjust how susceptible australia a huge wake—up call on just how susceptible we are and how— on just how susceptible we are and how dangerous things can be. ., , ., , be. the memories of the fires are still fresh _ be. the memories of the fires are still fresh in _ be. the memories of the fires are still fresh in this - be. the memories of the fires are still fresh in this part - be. the memories of the fires are still fresh in this part of. are still fresh in this part of the blue mountains. people remember the fear and the panic they felt during that terrible time. but here in bilpin there is an unmistakable sense of renewal and a determination to rebuild. the flames that tore through bilpin came from a strategic backbone that went badly wrong. it was lit deliberately by emergency crews to try to stop the advance of another major outbreak. this to try to stop the advance of another major outbreak. another ma'or outbreak. this is the another major outbreak. this is the show- -- _ another major outbreak. this is the show... the _ another major outbreak. this is the show... the holiday - another major outbreak. this is the show... the holiday cabins| the show... the holiday cabins and this matter's _ the show... the holiday cabins and this matter's fire - the show... the holiday cabins and this matter's fire home . and this matter's fire home were engulfed in flames. irate and this matter's fire home were engulfed in flames. we had massive water _ were engulfed in flames. we had massive water storage _ were engulfed in flames. we had massive water storage with - were engulfed in flames. we had massive water storage with big, l massive water storage with big, heavy lines that could turn sprinklers on on everything. sprinklers work. if you got the water, you can save from a fire. climate change means it happens more often, so it used to happen every 10—20 years. now it may be more likely to be every six or seven years. the ears, every six or seven years. the years, conservationists - every six or seven years. the years, conservationists have said that warming temperatures making australia more vulnerable to natural disasters.— vulnerable to natural disasters. ~ ., disasters. like someone was a landmark _ disasters. like someone was a landmark in — disasters. like someone was a landmark in australians' - landmark in australians' understanding that climate change is notjust a future problem, it is here and now and it's harming _ problem, it is here and now and it's harming our communities. australia _ it's harming our communities. australia plans to reach zero emissions by 2050. in vibrant amenities there is a determination to be better prepared for the next onslaught, whatever it might come. phil mercer, bbc news, in bilpin, new south wales. it's been exactly one year since 0penai publicly launched chatgpt and kicked off the boom in generative artificial intelligence. to put chatgpt�*s success into perspective, tiktok took nine months, and instagram took 2.5 years to reach 100 million users. chatgpt managed that in just two months. so how has it changed the world of business? let's go to chicago and speak to mark wagman, managing director of medialink, a media, marketing, and technology consultancy. warm welcome to you, mark. let me admit a tortuous time for the company behind chatgpt. we could talk about that later bleach* festival, a year on, what do you make of it? man, it is uuite what do you make of it? man, it is quite the _ what do you make of it? man, it is quite the transformational- is quite the transformational technology in this world. that is changing the way people think about a lot of pieces of the day—to—day life that makes business business. a lot of the core use cases today are around interesting things like duration and creation while opportunities to take a bunch of data and some i sit down to what matters and also opportunities to kind of used technology and use automation to generate new content and generate content at a scale we've never seen before. now of course many _ we've never seen before. now of course many companies - we've never seen before. now of course many companies are - course many companies are catching up now with 0penai's offering which is behind chatgpt which of course the major investment, investor and thatis major investment, investor and that is microsoft. —— mitta mitta investor. in terms of how it makes income, talked through that element. aha, it makes income, talked through that element.— that element. a lot of us consumers _ that element. a lot of us consumers who - that element. a lot of us consumers who sit - that element. a lot of us consumers who sit at - that element. a lot of us i consumers who sit at home that element. a lot of us - consumers who sit at home using some of these new cool tools, using some of the freer versions are available at scale, which are usually two or three iterations or versions behind what's really kind of at the tip of the sphere there, so today they are making money and a couple of different ways. one is simply licensing advanced versions of the tools people like you and me and people in the enterprise space, but also licensing access to their models and access to the technology that they've built. it's an expensive business to run, the microsoft partnership has unlocked access to compute power but i think they clearly need to expand and grow their business and their vision. i think they've also been very vocal about needing almost $100 billion bought and messed over the next couple of years to really reach where they think they can take the business, so yes, they are making money today but the road is long in terms of what that model actually will look like moving forward. ~ . ~ actually will look like moving forward. ~ ., ~ ., forward. we talked about the massive growth _ forward. we talked about the massive growth in _ forward. we talked about the massive growth in a - forward. we talked about the massive growth in a very - forward. we talked about the l massive growth in a very short space of time. do you think will get the point where nearly everyone will not imagine life without using some sort of a hitec? ,, . . , hitec? especially in the enterprise _ hitec? especially in the enterprise aspect, - hitec? especially in the enterprise aspect, i - hitec? especially in the i enterprise aspect, i have opportunity work with advertisers and markers and we do a global market forecast every, talking to 400 marketing leaders across the globe, eight out of ten of these marketing leaders are already using ai in some way, shape or form. leaders are already using ai in some way, shape orform. i think what we see over the course of the next couple of years is moreover strategic view of the way to use ai holistically across and organisationally have to bring teams together, the right folks together to define the strategy, built a governance model around it and make sure ultimately what you're doing is right for the business and right for the business and right for the customer. it’s right for the customer. it's fascinating _ right for the customer. it's fascinating for _ right for the customer. it's fascinating for sure. thank you, good to talk to you. mark wagman, managing director of medialink. it's been a week of declines but look at this. markets are fairly flat, tiny, or any little increase forward. japan, nothing much to shout about. the conversation is all about what the fed might do next, the various comments we've had from fat leaders this week the delight dropping to three month lows. forthe delight dropping to three month lows. for the us, to see how the day ended there, as you can see very flat and very muted. we are coming into december. it is very close. there is something there known as a centre rally when volumes are very, very low because most people have gone away for the holiday break and so things move very, there is a lot of volatility in markets, basically, as we go towards the end of a calendar year. that's all for me. thank you so much for your company. we shall see you very soon. hello, there. talk of the town this week has just been how cold it's become. yes, on wednesday, we started off with a hard frost in the lake district. temperatures were sitting at —7, first thing in the morning, and despite lots of sunshine throughout the day, they struggled to climb above freezing by the middle of wednesday afternoon. now, we could actually see a similar story on thursday, a widespread hard frost to begin the day, the exception down in the south west, with this developing area of low pressure. that's going to bring outbreaks of rain, and windy with it, as well. we could see gusts of wind on exposed coasts close to 50 mph. let's zoom in and look at that in a little more detail. it will be primarily rain across the isles of scilly and much of cornwall, some wet snow, perhaps, across the moors, and some of this frontal system willjust brush the south coast, maybe the odd spot ortwo of rain, south of london. a cold day, generally, four or five degrees, some freezing fog slow to lift in the midlands. now, with that northeasterly breeze, one or two wintry showers along exposed east coasts of northern england and eastern scotland, sheltered western areas will see the best of any sunny spells, but again, a cold day — two to five degrees quite widely across the country. now, as we move out of thursday into friday, again, light winds, clear skies, once again, those temperatures falling away. it looks likely to be another cold and frosty start to friday morning, and, potentially, friday could be the coldest spell over the next few days. so some freezing fog quite possible, as well, and a subtle change in wind direction means that we run the risk of a few more showers running down through the north coast of northern ireland, and down through the irish sea, as well. so a few coastal showers around. inland — dry, plenty of sunshine, but another cold day — zero to five degrees at the very best. now, as we move out of friday into the start of the weekend, we could see a few more showers drifting in from the west, but a relatively quiet start, before, as we move into the middle part of the week, we could see areas of low pressure bringing yet more rain in and perhaps something a little less cold. so it'll be a cold and frosty start to our weekend, but, as you can see, more showers are likely and those temperatures gradually starting to creep up. that's it. stay warm. good morning. welcome to breakfast with charlie stayt and naga munchetty. 0ur headlines today... just 15 minutes before it was due to expire, israel's military says the temporary truce with hamas has been extended. 16 hostages were released yesterday. one of the leading statesmen of the 20th century, henry kissinger, dies at the age of 100. the former health secretary, matt hancock, will defend his record during the pandemic when he appears before the covid inquiry today. and it's goodbye to yang guang and tian tian. today is the last chance to see the uk's only giant pandas at edinburgh zoo before they return to china. as schools clamp down on vaping, the company, which makes more

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