us regulators have opened an investigation into openai, the microsoft backed startup behind chatgpt. the federal trade commission says it s looking into whether the ai chatbot could put consumers reputations and privacy at risk by publishing false information about them. open al s ceo sam altman says they will work with the ftc, saying, we protect user privacy and design our systems to learn about the world, not private individuals . michelle fleury in new york has more. the artificial intelligence company openai is facing a probe by us regulators. the federal trade commission, or ftc, sent a letter to the microsoft backed company asking for more information about its privacy and data security practices. the agency also wants to know if the ai tool harmed people by generating false information about them. since its launch, there has been a lot of noise about openai. this is the service that generates convincing human like responses to user queries and is expected to dramatic
and it has fallen pretty sharply from its peak of more than 9% injune of last year. it is a sign that the federal reserve s moves to raise interest rates to slow down inflation seems to be working. but analysts still think america s central bank will raise interest rates one more time at their next meeting. now, the cooler inflation is good news for consumers but it is also good news for us presidentjoe biden, who touted the administration s efforts to bring prices down. now, he s facing re rlection next year and being able to control inflation without pushing the economy into a recession will be key if he want another four years in the white house. william lee is the milken institute chief economist and he says everyone is wondering whether this is a turning point. that is the ultimate question at the fomc and all the central banks around about asking themselves, has it peaked? a lot of the inflation decreases have come about because supply chain to become restored around th
a semiconductor superpower. our asia business reporter monica miller has more. it is a major setback. prime minister narendra modi has made chip making a top priority for india s economic strategy in pursuit of what they say is a new era of electronics making. it doesn t get much bigger than foxconn, which makes roughly 70% of apple s iphones. india estimates that its semiconductor market could be worth $63 billion by 2026. now, we need to go back a little bit to explain how this partnership happened. that was in september 2020 to the taiwanese firm and the indian mining giant agreed to this deal. and part of it was because foxconn was looking at the situation then, which had strict covid restrictions in china, where a lot of these phones are made. they are also concerned about the geopolitical tensions we ve mentioned many times on this programme between the us and china. so it was looking to partner up, which is with the country which is now the largest in the world. but un
# it s me. # hi. # i m the problem it s me.# taylor swift steals the show at this year s grammy awards, becoming the first performer to win album of the year on four different occasions. good morning. theirs is the friendship that has fund raised hundreds of thousands of pounds for children s charity cancers. we are marking a massive moment in their story. are fairly cloudy day moment in their story. are fairly cloudy day for moment in their story. are fairly cloudy day for most moment in their story. are fairly cloudy day for most of moment in their story. are fairly cloudy day for most of us - moment in their story. are fairly cloudy day for most of us and i moment in their story. are fairly . cloudy day for most of us and head. in the cloudy day for most of us and head. in the west cloudy day for most of us and head. in the west some light rain and drizzle in the west some light rain and drizzle. heavy rain across northern and western scotland and also quite
pace, that is the message from the federal reserve. america s central bank. the policymakers says they intend to raise interest rates practice in its july after taking a break last month to assess the impact of ten brevis increases. it comes as americans are having to pay more for basic goods, but while officials seem to be an agreement are for what to do next, after the meeting on wednesday, there was disagreement over the decision to hold off untiljune. some say they could ve supported a rate rise last month because inflation remains well above its 2% target. the minutes show how policymakers are grappling with how to tame inflation after it hit a high last year, even as they left the benchmark rate unchanged in a five to five and a quarter percent, almost all officials believe more rate hikes are needed. i had of thejuly meeting, there are two marquee pieces of economic data that is due out to the statement a chapter practice friday and consumer inflation next week. us tre