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of the so called godfathers of ai and elon musk. yes, he is coming as well. it s being hosted at the historic bletchley park as zoe kleinman reports. the secret work carried out at bletchley park once help the allies win world war ii. today the uk government will host a global summit to address a new kind of threat posed this time both superfast and supersmart computers. we both superfast and supersmart computers- computers. we can set up processes computers. we can set up processes to computers. we can set up processes to really - computers. we can set up processes to really delve l computers. we can set up i processes to really delve into what the risks actually are so we can put necessary guardrails while embracing the technology. artificial intelligence comes with lots of officers, from creating new medicines to revolutionising the way you work but it also has the potential to cause harm. the focus of the discussion today will be a cybersecurity and unstoppable ....
comment on speculation. the company has been grappling with losses and debt since 2019 when its plan to go public failed, worrying investors. to our north america business correspondent michelle fleury. well documented problems, that failure to launch and go public in 2019 and here we are potentially from a massive valuation now facing bankruptcy protection. flat from a massive valuation now facing bankruptcy protection. bankruptcy protection. not a surrise bankruptcy protection. not a surprise but bankruptcy protection. not a surprise but at bankruptcy protection. not a surprise but at the bankruptcy protection. not a surprise but at the same - bankruptcy protection. not a l surprise but at the same time bankruptcy protection. not a i surprise but at the same time a stunning full from grace when you consider how big this company was. at one point it had a valuation of 47 billion. you have the pandemic and a shift to remote working and you start to see some of th ....
is under way. it sets the stage for a wednesday decision on whether they ll hike interest rates, or leave them unchanged. our business correspondent erin delmore reports from new york. what do you get when you add strong consumer spending? a tightjob market and remarkable growth. you get a resilient economy, an economy that defied earlier predictions of a recession and one that s not buckling under the weight of the fed s interest rate hikes. see, raising interest rates is the fed s best tool to combat persistently high inflation, which consumers have seen reflected in higher prices for nearly everything. and while inflation has fallen by half from itsjune 2022 high of 7%, it s still higher than the fed s target of 2%. earlier this year, federal reserve policymakers hinted that they may hike interest rates once more before the year is out. they ll have a chance this week or at their last meeting in december, or they could not do it at all. investors and economists are p ....
see, raising interest rates is the fed s best tool to combat persistently high inflation, which consumers have seen reflected in higher prices for nearly everything. and while inflation has fallen by half from itsjune 2022 high of 7%, it s still higher than the fed s target of 2%. earlier this year, federal reserve policymakers hinted that they may hike interest rates once more before the year is out. they ll have a chance this week, or at their last meeting in december, or they could not do it at all. investors and economists are predicting that policymakers will skip a rate hike this week and, instead, hold rates steady, giving everything more time to work its way through the economy. we ll know the fed s next step on wednesday. one of the many things that have become more expensive for consumers is energy. oil prices have swung wildly over the last few years, due to the pandemic and the war in eastern europe. at one point, after russia invaded ukraine, prices rose to ....
stores and selling more phones. it overtook apple as the second most popular smartphone maker in china during the first quarter of the year the company s iphone sales rose 52% compared to a year ago. it s according to data from a research company affiliated with the chinese government. that entity, the titan democrat doesn t track apple specifically. instead it measures the increase in foreign branded shipments. but in the foreign branded game, apple is the main player. and apple is the main player. and apple could see more gains from may it s been discounting select models which could lead to more sales. openai has formed a new safety committee responsible for evaluating its artificial intelligence models. the oversight teams first task will be to assess openai s current safety practices over the next 90 days, before giving their recommendations to the board. once the board has reviewed the findings, openai will share them publicly. all this comes as the company b ....