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the fight to be the world s most valuable company heats up, after apple announces new ai tools on its devices. and how long can you survive without your smartphone? we put a group of british teenagers to the test. hello and welcome to business today. i m arunoday mukharji. apple shares have surged to a record high, after it unveiled new ai tools. the tech giant is now valued at $3.18 trillion, just behind microsoft which remains the world s most valuable company. from new york, erin delmore has the details. investors have been waiting for months to see how apple would embrace ai and propelled many other tech trains to big market gains. on monday they got their answer, a partnership with openai. and chatgpt powers for cre plus some enhancements like proof reading and writing help and ai generated images and emojis. and even though the news came on monday, it was not until tuesday that the market rewarded apple s efforts. on monday apple shares actually closed down around ....
facing a flood of cheap chinese cars, europe s expected to raise tariffs on electric vehicles today. apple investors push its value up to record highs following its foray into the world of ai. we ll look ahead to the uk s latest economic data as april s gdp data is released. will it spur a bank of england rate cut? plus, supplies are squeezed for the makers of orange juice with prices going up due to extreme weather and disease. welcome to business today. we start in europe, where china is accused of drawing upon surplus capacity to dump electric vehicles at artificially low prices into the european market. policymakers in europe and the united states claim hefty state subsidies in china allow ev manufacturers to produce cars at prices that are impossible to compete with. in the us the biden administration raised its tariff on imports of chinese battery powered cars from 25% to 100%. later today, the european commission is expected to provisionally raise duties on ev s ....