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BBCNEWS Asia July 5, 2024

investment officer at advises capital management explained. the fed has tightened policy dramatically and quickly, basically a five percentage point increase over a little more than a year. that is huge, historically it s an enormous increase and i think there is one view that the fed should wait to see the impact of what they have done stop any break may be short lived, us inflation running above the 2% target of the fed so the pain from higher borrowing costs to companies and consumers is likely not over according to the chief economist at kpmg in the chief economist at kpmg in the us who believes the fed will raise rates again injuly. the pause is not an end, we ve seen the fed play around with words in order to signal they don t want to let their guard is down yet with regards to patient and i think that s really been the theme we ve seen emerge across central banks in recent weeks around the world. ﬁx, banks in recent weeks around the world- the world. a reminder that ....

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BBCNEWS World July 5, 2024

leave interest rates unchanged in june. leave interest rates unchanged injune. charles lieberman, who has worked at the new york fed and is now chief investment officer and advises capitol management explained the rationale. rationale. the fed has tightened rationale. the fed has tightened monetary i rationale. the fed has - tightened monetary policy quite dramatically quite quickly, basically a phase with five percentage point increase in a little more than a year. and thatis little more than a year. and that is huge. historically it is an enormous increase. and i think there is a loss of there is one view that the feds should wait to see the impact of what they ve done. any should wait to see the impact of what they ve done. any break ma be of what they ve done. any break may be short of what they ve done. any break may be short lived. of what they ve done. any break may be short lived. us - may be short lived. us inflation are still running well above the ....

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BBCNEWS Asia Business Report June 4, 2024 01:38:00

In sort of one major ai authority. in sort of one ma or ai authoritoﬁ in sort of one ma or ai authority. in sort of one ma or ai authori . ~ ., ., , ., ~ in sort of one ma or ai authori . ~ ., ., ~ , authority. what do you think is the biggest authority. what do you think is the biggest threat authority. what do you think is the biggest threat that - authority. what do you think is the biggest threat that al - the biggest threat that al poses? i the biggest threat that al oses? . , the biggest threat that al oses? ., , ., the biggest threat that al oses? . , ., ., ., poses? i have listened a lot to those who poses? i have listened a lot to those who said poses? i have listened a lot to those who said there - poses? i have listened a lot to those who said there is - poses? i have listened a lot to those who said there is a - those who said there is a threat of extinction. probably that may exist but i think the likelihood is quite small. i think the ai risks are more that peop ....

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BBCNEWS Asia Business Report June 4, 2024 01:37:00

Provide the first local legislation on the technology. my legislation on the technology. my colleague sat down with the eu commission vice president margrethe vestiger head of the discussions. margrethe vestiger head of the discussions. ~ . ., , , , discussions. what happens when these things discussions. what happens when these things get discussions. what happens when these things get more these things get more intelligent than us? they conduct themselves - intelligent than us? they l conduct themselves rather intelligent than us? they - conduct themselves rather than our needs. conduct themselves rather than our needs- conduct themselves rather than our needs. ., , ., our needs. those warnings about the risks from our needs. those warnings about the risks from artificial the risks from artificial intelligence feel a world away from the mediaeval streets of strasbourg. here the european union s first out of the blocks to try and bring in the world s first ai laws. margret ....

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BBCNEWS Asia Business Report June 4, 2024 01:39:00

Includes those which evaluate credit scores and access to loans and housing. this is where the focus of strict controls will be stop at the totally unacceptable under scale are users like facial recognition systems in real time and public bases, something already deployed in china. as we ve seen with social media, even tech products set up with the best intentions can still be misused. europe says it wants to regulate the uses of ai rather than the tech itself. the trick will be having rules that don t stifle innovation. but big tech firms like adobe said industry can t afford to slow down and wait for regulators. the uk s current plan is folding ai regulation into existing regulators. the us so far only has voluntary codes. china says its citizens must know when they are dealing with al. regulators hope these rules will keep it on the right ....

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