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Transcripts For BBCNEWS Business 20240703

Questions being asked at this weeks Global Ai Safety Summit in south korea. The second of its kind, it is co hosted with britain after the inaugural event in november last year at Bletchley Park near london. Francine bennett is interim director at the Ada Lovelace Institute an independent Research Institute specialising in al and is in south korea for this summit. A very warm welcome to the programme. So first of all, what will be achieved in seoul, do you think . Do you think . Well, thats a aood do you think . Well, thats a good question. Do you think . Well, thats a good question. I do you think . Well, thats a good question. I hope do you think . Well, thats a good question. I hope what| do you think . Well, thats a good question. I hope what will be achieved in seoul is moving on from the conversation from the Bletchley Summit Last year. So we had some really good initial conversations there, and i think what wasnt to see is shaping the development of this, potentially very new te

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Transcripts For BBCNEWS Business 20240703

Comments . Well, i think they were encouraging to some degree comments . Well, i think they were l encouraging to some degree because ultimately, we are expecting inflation to go down significantly, especially headline inflation. And there is a recognition that voluntary policy is relatively tight at the moment and there is potentially room for the Bank Of England to start easing rates this summer. So, this is all in line with expectations and probably welcome news for many households and businesses. News for many households and businesses. ,. ,. ,. , businesses. Interesting to note that at the last meeting, businesses. Interesting to note that at the last meeting, he businesses. Interesting to note that at the last meeting, he voted businesses. Interesting to note that at the last meeting, he voted with l at the last meeting, he voted with the majority to keep Borrowing Costs on hold at the 16 year high. Also, next months Meeting Injune will be his last one actually before he leaves t

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