fourth quarter earnings had been skyhigh. estimates were that they would reported earnings of $4.64 a share and around 24.4 billion in revenue. but the company did better than that. earnings came in at around $5 per share and revenue, $22.1 billion. the company says that revenue during this quarter would beat expectations. the company is riding high on enthusiasm over artificial intelligence. their chips are used to power the ai models that are all the rage in the tech industry right now. that is why quarterly results get so much attention. investors look to the performance for clues about how the ai boom is progressing. to hear the chief executive officer tell at one stage, quote, accelerated computing and generative ai have hit the tipping point. demand is surging worldwide across companies, industries and nations. we spoke with a technology analyst and asked what the nvidia boss said and meant when he said ai was at a tipping point. we are starting to see mainstream usage
time for a look at the business news now. we the business news now. have growth on the agendi we start in the us where we ve learned today than the world s largest economy grew by an annualised rate of 3.3% in the last three months of 2023. the growth figure was higher than expected. as always the big question is how this will feed into the us central bank the federal reserves next move on the cost of borrowing. michelle fleury is in new york for us. take us into the detail of the growth figures to begin with. where did this surprisingly high figure come from? $5 did this surprisingly high figure come from? did this surprisingly high figure come from? ~ , i. ., come from? as you said, in the final three months come from? as you said, in the final three months of come from? as you said, in the final three months of last come from? as you said, in the final three months of last year come from? as you said, in the final three months of last year on - come from? as yo
at their record high today. but will the european central bank signal lower borrowing costs are on the way? bag pipes skirl. paying the piper! as scots everywhere celebrate burns night, we ll be speaking to one whose playing has bagged a global following. yes we have bagpipes in this programme. we start in the us where air safety chiefs have cleared a path for boeing 737 max 9 jets to return to the skies after dozens were grounded when a cabin panel blew off mid flight, forcing an emergency landing. the federal aviation administration says the jets can fly again once approved inspections are done. but in a blow to boeing, the faa says it won t allow any ramp up in production of the 737 max until it s satisfied about the company s quality control. earlier on wednesday, boeing s chief executive faced senators in washington. our north america business correspondent erin delmore reports. the boss of boeing said he understood the seriousness of the safety questions facing the co
of our planes. the embattled boeing ceo is trying to reassure airlines, regulators and passengers after a near catastrophic alaska airlines incident earlier this month. it saw a cabin panel blow off a brand new 737 max 9 jet. since then about 171 max 9 jets have been grounded. mr calhoun did not comment on an anonymous report posted online by someone claiming to work at boeing, calling the aircraft s production process a rambling, shambling disaster waiting to happen. this week united airlines ceo scott kirby called the max nine grounding the straw that broke the camel s back for us, saying united is considering fleet plans that don t include the latest boeing 737 max 10 model. united and alaska airlines utilise around two thirds of all boeing max 9s in flight and alaska air group reports their fourth quarter earnings on thursday. meanwhile boeing has delivered a 737 max to china. it marks the end of an almost five year freeze. it represents a vote of confidence to the us p
the ukrainian authorities said the prisoner exchange was due to take place on wednesday, and that it s now been cancelled. none of the details surrounding those on board can be independently verified. ukrainian president volodymyr zelensky has demanded an international inquiry into the incident. translation: it is obvious. that the russians are playing with the lives of ukrainian prisoners, with the feelings of the relatives and the emotions of our society. we need to establish all the clear facts as much as possible given that the downing of the plane occurred on russian territory, which is beyond our control. russia says its radars detected the launch of two ukrainian missiles before the crash. russia s foreign minister, sergei lavrov, was the one who called an emergency meeting to be held immediately. translation: ukrainian prisoners of war were - transported to the belgorod region for the next exchange agreed upon between moscow and kyiv. instead of this exchange taking p