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Transcripts For BBCNEWS Newsday 20240706

across asia mean some workers live from our studio in singapore. this is bbc news. it s newsday. welcome to bbc news broadcasting to viewers in the uk and around the world. we begin in washington where the head of the company behind the artificial intelligence tool chatgpt has told lawmakers that government regulation is crucial to keep the industry safe. we ve seen tech ceos get a congressional grilling before. but that s not what happened here. appearing before a senate panel, sam altman said that al could be as significant as the invention of the printing press, claiming it had the potential to improve nearly every aspect of our lives. but he also admitted the technology also poses serious risks. my worst fears are that we cause significant. we the field, the technology, the industry cause significant harm to the world. i think that could happen in a lot of different ways. it s why we started the company. it s a big part of why i m here today and why we ve been here in

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Transcripts For BBCNEWS Asia 20240706

second biggest economy grew 1.6% on annualised rate, much better than what had been predicting, thanks to private consumption and an unexpected rise in capital expenditure. let s bring in neil newman from the quarry capital who joins us live from tokyo. thank you for joining us. the data has come out a lot stronger than expected, talk us through what s been doing quite well. this is a very big and positive surprise. we have been closely watching wage growth, the wage number, which hasn t really filtered through into anything visible as yet. the gdp numbers certainly does indicate there is a large amount of the domestic economy contributing to this. as you mentioned cap ex, business spending was up on the annual basis, way ahead of expectations. but even consumption was also up, 0.6% against the market consensus of 0.4. even though it appears the wage number we have been looking at, the last numbers in march, they were not that impressive, in fact they were quite depressing. t

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Transcripts for BBCNEWS Asia Business Report 20240604 00:30:15

Live from Singapore, the essential business news as it breaks and a look ahead to the news that will shape the business day. [S]

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