it is the world s most indebted company. for more on how this could play out, i have been speaking to an insolvency expert from deloitte and asked him what happens when a judge does order a liquidation. inaudible when a judge orders a company to be wound up by way of court and the company would be formally placed into liquidation but the recommendations are two petition which will go backwards. provisionally the data will be appointed by court. in the sense that it is just a provisional and that will be a formal appointment of liquidators later what would a liquidator do and with the directors cease to have control of the company in the circumstances? directors will cease to have control and with that no power inaudible and while the provisional will assume the powers of the directors so they can do basically all of the powers as given by court to them in the court order. we ll be hearing more on that story in just a little over an hour so stay tuned. news from the ongoing
but that was not the only new release from amazon as michelle fleury reports from new york. amazon announced 0, a new chatbot for people to use at work, there seems to be a dispute over where the name comes from. some say it is after the james bond movies and some say it is from star trek. either way this is a big deal. amazon may have not built chat gpt but it now has its own generative ai helper which is designed to assist employees with daily tasks, whether it is answering questions about company policy, to coding to summarising strategy documents. crucially, it will compete with other corporate chat bots including copilot by microsoft and duet ai by google. the tech giant also unveiled new ai chips at its annual developer conference in las vegas where taking the stage was the boss of nvidia, a sign of the deepening relationship between these two. amazon said that as well as its own ai chips, it would offer customers access to the latest chips from nvidia. why? amazon is t
of liquid products sold in wall street, and when the property market went down, those products very quickly had to be revalued. china, most of its debt is held in these shadow banks and in some of the bricks and mortar banks so the rate of decline can be slowed a little bit. howeverthe decline can be slowed a little bit. however the biggest issue is debt. overall the debt in the property sector is huge. as much as 30% of bank assets, and that will take a long time to unwind, and the centre of government is very reluctant to step in and probably can t have enough cash. step in and probably can t have enough cash- enough cash. under the circumstances - enough cash. under the circumstances what - enough cash. under the circumstances what one j enough cash. under the - circumstances what one needs to be done? ., ., , ., be done? the garment has to make decisions be done? the garment has to make decisions on be done? the garment has to make decisions on allocatingl make decis