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Transcripts For BBCNEWS Business 20240702

attended by bosses from other large chipmakers, including intel and amd. with the ai chip race heating up, companies are racing to catch up with nvidia, which is the leading manufacturer of the advanced technology. that s according to industry expert bob o donnell. this is the most exciting computex show in a very long time. it s the first time i ve been back in almost 15 years, because i feel it s such a big deal. and forjensen, he s the rock star he s literally on a stadium tour, all his last speeches have been in stadiums like a rock star. there was a lot of excitement there, and he s got the big vision story to tell, because he is indeed the figurehead leading the industry at this point. and his idea is, look, companies are now starting to leverage ai across all kinds of applications, and there s enormous opportunities. now he acknowledges because his favourite line is, the more you buy, the more you save he says it s ceo maths, so it s correct, but it s not acc

Transcripts For BBCNEWS Business 20240702

large chipmakers, including intel and amd. with the ai chip race heating up, companies are racing to catch up with nvidia, which is the leading manufacturer of the advanced technology. that s according to industry expert bob o donnell. this is the most exciting computex show in a very long time. it s the first time i ve been back in almost 15 years, because i feel it s such a big deal. and forjensen, he s the rock star he s literally on a stadium tour, all his last speeches have been in stadiums like a rock star. there was a lot of excitement there, and he s got the big vision story to tell, because he is indeed the figurehead leading the industry at this point. and his idea is, look, companies are now starting to leverage ai across all kinds of applications, and there s enormous opportunities. now he acknowledges because his favourite line is, the more you buy, the more you save he says it s ceo maths, so it s correct, but it s not accurate. that s the gist of the

Transcripts For BBCNEWS Business 20240702

applications. that are also ai. mr huang informally kicked off the computex technology expo in taiwan, on sunday. the event is also being attended by bosses from other large chip makers, including intel and amd. with the ai chip race heating up, companies are racing to catch up with nvidia, which is the leading manufacturer of the advanced technology. that s according to industry expert bob o donnell. this is the most exciting computex show in a very long time, is the first time i been backin time, is the first time i been back in almost 15 years because i feel at such a big deal. back in almost 15 years because ifeel at such a big deal. and forjensen, he is the rock star he s literally on a stadium tour, all his last speeches have been in stadiums like a rock star. there was a lot of excitement there, and he s got a big vision story to tell because he is indeed the figurehead leading the industry at this point. his idea is, look, companies are now starting to leverage

Transcripts for BBCNEWS Business Today 20240604 00:38:00

the uncertainty in oil demand at the moment. so, you know, you look around the world, we ve got inflation that s digging in its heels in a number of countries. that really raises the prospect that interest rates stay higherfor longer that would dent demand for oil. similarly, china s manufacturing led growth recovery is showing a little bit of shakiness in some areas. if that were to continue, that would also dent demand for oil. so look, i think we re really seeing that being reflected in opec s decision here. it doesn t change our view too much in the short term we had those cuts baked in until the end of this year, 2025 is really where we expected to see oil prices come back down a little bit quicker. this mayjust be a little bit of a handbrake on that going forward. let s turn our attention to china next. we re expecting some pmi data out in the next few hours. what are your expectations there?

Transcripts for BBCNEWS Business Today 20240604 01:38:00

agreed in december, were due to expire at the end of this month. meanwhile, a private survey released in the coming hours harry murphy cruise, an economist with moody s analytics, gave us a sense of what lies ahead for oil prices. i suppose not an entirely surprising decision. we had expected some of these cuts to continue through to the end of the year. what we saw over the weekend was something that went a little bit further than that. but really, i think that reflects some of the uncertainty in oil demand at the moment. so, you know, you look around the world, we ve got inflation that s digging in its heels in a number of countries. that really raises the prospect that interest rates stay higherfor longer that would dent demand for oil. similarly, china s manufacturing led growth recovery is showing a little bit of shakiness in some areas. if that were to continue, that would also dent demand for oil. so look, i think we re really seeing that being reflected in opec s decision her

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