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Transcripts for BBCNEWS World Business Report 20240604 05:39:00

consequence is exhilarating wages, that s normal, and when we see wages still exhilarating phone now negotiated wages and there is an are increasing at a moderate pace, 3% at the end of last year, that s not much, we think they will go to 5%, so they will exert some pressure on current inflation, but still, the risk of a price wage spiral is not that high. as with the momentum in hiring already flattening. already flattening. thank you very much already flattening. thank you very much for your time. - already flattening. thank you l very much for your time. thank ou. let s talk about a global ai race, because microsoft has announced that it s adding chatgpt to its suite of office programmes like word, excel or powerpoint. meanwhile, chinese tech giant baidu has also unveiled its version of an ai chatbot. mariko 0i is following the story for us.

Transcripts for BBCNEWS World Business Report 20240604 05:41:00

sudmalis not perfect, it works well. chatgpt is backed by microsoft, investing billions of dollars in al which created software like that and others in china announcing their own. earlier this week open ai gpt format which cannot only respond to words but images. it can suggest a recipe idea from a picture of ingredients. there are risks and experts have been asking how to verify the answers created by ai and how to stop misinformation from spreading, but another interesting thing when it comes to chinese chat but as ageing censorship. when the also streetjournal tested earlier generations of the technology, one of them refused to talk about whether xi jinping one of them refused to talk about whether xijinping is one of them refused to talk about whether xi jinping is a good leader, it said the question couldn t pass a safety review and no response could be generated. it sjust review and no response could be generated. it s just that they talk about something else a lot of details tel

Transcripts for BBCNEWS World Business Report 20240604 11:39:00

there are risks, however, and experts have been asking how to verify the answers created by ai, and how to stop misinformation from spreading. but another interesting thing when it comes to chinese chat bots is beijing s censorship. for example, when the wall street journal tested earlier generations of the technology, one of them refused to talk about politics. so, when it was asked if xijinping was a good leader, it said the question couldn t pass a safety review. no response could be regenerated. and suggested that they talk about something else. so, a lot of details still need to be ironed out, and baidu s ceo, robin li was the first to acknowledge that it is not perfect yet, but they are unveiling all of it because there is clear interest and demand in the market, and ai really seems to be a critical area of us china competition. that s it for this edition of world business report. the next edition just under three hours the way.

Transcripts for BBCNEWS World Business Report 20240604 11:37:00

basically, you need to go to more inflationary levels. wage growth comes down, and down the road you will see services inflation and overall inflation get back to more comfortable levels, which is in time, and from somewhat persistence from central banks which would remain in the territory. by the end of the year or early next year will will be there. of the year or early next year will will be there. ., ,, , ., , . let s talk tech now, and the latest in the global ai race because microsoft has announced that it s adding chatgpt to its suite of office programmes like word, excel or powerpoint. meanwhile, chinese tech giant baidu has also unveiled its version of an ai chatbot. mariko 0i has the details.

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