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hello, i m rajini vaidyanathan. you re watching the context on bbc news. president biden signs an executive order designed to manage some of the risks linked to artificial intelligence. the order provides guidance on labelling ai generated content. it s one of the world s most exclusive groupings the billionaires club. lam i am sadly not a member of. and it has a new member. the former basketballer magicjohnson hasjoined the ranks of the most wealthy after he was declared a billionaire by forbes, making him only the fourth athlete to join the exclusive club. magicjohnson s wealth is estimated to be 1.2bn dollars that s 990 million quid. johnson has investments in numerous companies including ownership stakes in various sports teams. but forbes says his stake in a life insurance company holds most of his wealth. other athlete billionaires are former nba player michaeljordan, current basketballer lebronjames, and the golfer tiger woods. for more, let s speak to roland laz

Rajini vaidyanathanExecutive orderArtificial intelligencePresidentjoe bidenLabelling aiBbc newsBillionaires clubMember ofMagicjohnson hasjoinedMagic johnsonLife insurance companyEarvin magic johnsonSports teamsOwnership stakes990 million1 2bn dollars