the artificial intelligence race is heating up. openai boss sam altman says upgrades to chatgpt will transform the platform into "ai from the movies". and, as india's election enters its fourth phase, we have a special report from the politically sensitive city of ayodhya. hello, and welcome to business today — i'm steve lai. let's begin in the united states — because a week of developer conferences are being held in the tech world, with three giants set to release their latest features and products in generative artificial intelligence. its new flagship model gpt—lio. from new york, the bbc�*s erin delmore has all the details. 20 years ago, the biggest battle in tech was over who would win the war for search engine dominance. google took

the prize and it isn't nowjust a multitrillion dollar company — it's also a verb. so now, enter the latest fight over who will lead on generative ai. enter the latest fight over who will lead on generative al. the start up openai took the tech sector by storm with its chatgpt chat bought in late 2022 - that chatgpt chat bought in late 2022 — that could answer user queries and carry out like human conversation. as of monday, we are seeing that conversation happened out loud. the company demoed a chat bought they could questions and give out answers via voice. in the demonstration, the chat bought was asked to help someone prepare for a presentation by taking calming breaths and a bedtime story, even changing its tone from singsong to robotic. it also help the user solve a maths equation — not solve it exactly, but teach them how to solve it. openai got out i had of a few unexpected announcements, including one from google this week, microsoft next, an apple in june. staying with artificial intelligence — because we're

seeing wider adoption across multiple industries, from sales to marketing and even hospitality. kirsten allegri williams broke down the numbers for us. she's the chief marketing officer at software provider infor. according to ibc, by 2027, over 25% of all user interactions and enterprise software will be generated byjen ai. that's a profound shift we can expect over the next few years. are over the next few years. are they looking _ over the next few years. are they looking to _ over the next few years. are they looking to adopt ai for its internal as well as external functions? its internal as well as externalfunctions? ~ , external functions? absolutely, we see companies _ external functions? absolutely, we see companies have - external functions? absolutely, we see companies have to - we see companies have to completely reinvigorate their business models. another data point for you is that businesses will spend more on generative ai, from $40 billion in 2024 to over 151 billion by 27, another stat from ibc. companies like burton snowboards, a globalfashion retailer and apparel provider really struggle with supply and

inventory, and being able to anticipate customer demand. that's no easy feat, so by using predictive intelligence, ai capabilities and automation, they are better able to serve their direct consumer and e—commerce businesses. their direct consumer and e-commerce businesses. these are big companies, _ e-commerce businesses. these are big companies, what - e-commerce businesses. these are big companies, what are - are big companies, what are smes? are they embracing the rise of ai? i smes? are they embracing the rise of ai?— rise of ai? i think we find that industry _ rise of ai? i think we find that industry specificity i rise of ai? i think we find i that industry specificity is key — when companies can take advantage of modern enterprise resource planning software platforms, they are able to take advantage of automation in ways that may be larger competitors might not be able to do so. us presidentjoe biden is set to announce new tariffs today on chinese—made products. it's thought the tariffs will hit products like electric vehicles and solar equipment. import taxes on chinese evs are expected to be raised from 27.5% to 100%. treasury secretary janet yellen told reporters on monday that the move could draw a "significant response" from china.

over in china, european companies appear to be seeing more challenges than opportunities. the latest survey by the eu chamber of commerce in china found that over half of the respondents cited china's economic slowdown as a top challenge for this year. and nearly 60% of companies named regulatory oversight as a challenge when operating in the country. stefan bernhart, vice president at eu chamber of commerce in china, elaborated on its findings. first of all, the slowing growth of china is a concern for all of us, and growth of china is a concern forall of us, and it growth of china is a concern for all of us, and it comes along at only with nationally with lower investor confidence but also consumer confidence. and on top of that, some the geopolitical concerns, as well as fierce competition we are faced with here, especially by local competitors. and on top of all that, we also see market

access and regulatory barriers, and now that the economy is not doing so well, that weighs much heavier. so doing so well, that weighs much heavier. . . , , doing so well, that weighs much heavier. . , ., heavier. so what measures do ou heavier. so what measures do you think _ heavier. so what measures do you think need _ heavier. so what measures do you think need to _ heavier. so what measures do you think need to be - heavier. so what measures do you think need to be taken - heavier. so what measures do you think need to be taken for european businesses to rethink their assessment of doing business in china? i their assessment of doing business in china?- their assessment of doing business in china? i think the most important _ business in china? i think the most important thing - business in china? i think the most important thing would l business in china? i think the | most important thing would be very decisive and concrete action now to restore the confidence of both investors and consumers. now in order to do so, i think it would be important to stimulate the economy, stimulate consumption. but more importantly, i think the chinese government should tackle the structural challenges — for example the real estate crisis — but also the challenges over capacities that are part of the policies of china. and as a european chamber, we would like to see also some very concrete and more measures to improve the business environment, for example by creating a level playing field in the service

industries or for public procurement.- industries or for public procurement. industries or for public rocurement. ,., , ., procurement. does china need european _ procurement. does china need european investment? - procurement. does china need european investment? leucine president xi visiting europe, is this a reason for optimism? i think face—to—face exchange is a very good, and i think emmanuel macron and ursula von der leyen have expressed all the concerns of european businesses, and we now see much more willingness by the chinese government officials accommodate our concerns. now is the time to walk the talk. billionaire philanthropist melinda french gates has said she will resign as a co—chair of the bill & melinda gates foundation, which she founded with her then—husband bill gates in 2000. her last day of work will be the 7th ofjune. "this is not a decision i came to lightly," ms gates wrote in a statement on social media platform x. the gates foundation is one of the most powerful groups in public health, with an endowment of more than $75 billion as of december. dubai—based airline emirates has posted record profits for the second year

in a row. it made more than $5 billion in the last financial year — up 71% from the previous year. emirates says it has made profits of over $8 billion over the last two years — wiping out losses seen during the pandemic. india has crossed the halfway mark of its two—month long election, and in the next phase of polling, the politically—sensitive city of ayodhya will be voting. this is where prime minister narendra modi inaugurated a hindu temple at the start of this year, calling it india's "cultural reawakening". the bbc�*s arunoday mukharji reports. ayod hya ayodhya — where the devout to send to me the divine. believed to be the birthplace of the hindu god ron, it's also where faith, business and politics converge. earlierthis faith, business and politics converge. earlier this year, the bjp delivered on its neck is bold promise by building a

ram temple here worth $200 million. the temple replaced a 16th—century mosque torn down ijy 16th—century mosque torn down by hindu mobs in 1992, sparking riots in which nearly 2000 people died. the temple, hailed ijy people died. the temple, hailed by prime minister modi is a political and economic milestone. ayodhya has always been this old, dusty town in northern india — but by building this temple, the bjp wants to pitch this town as a pilgrimage site on the level of mecca. less than two km away, this restaurant is seeing a spike in visitors. translation: , ,, ., translation: business has gone u . translation: business has gone u- 8-10 translation: business has gone on 8-10 times _ translation: business has gone up 8-10 times since _ translation: business has gone up 8-10 times since the _ translation: business has gone up 8-10 times since the temple i up 8—10 times since the temple was built. we've expanded the restaurant to accommodate the rising visitors was seen as of late. ~ ., ., , late. the modi government is sendin: late. the modi government is spending over— late. the modi government is spending over $160 _ late. the modi government is spending over $160 million i late. the modi government isi spending over $160 million to develop over 50 tourism

projects at hindu sites. among the many brands, toddler group hotels is also building several hotels is also building several hotels across many destinations, including three new hotels and ayodhya. potential is always been massive. you go to all these places, through good times and bad times, and celebration and morning times. so i think there is a huge influx of people going into these places. economic games aside, politically speaking, experts say this is nothing but an attempt at reviving hindu nationalism by the bjp — and it's coming at a cost. nationalism by the bjp - and it's coming at a cost.- it's coming at a cost. india has what _ it's coming at a cost. india has what almost _ it's coming at a cost. india has what almost 18-2096 l it's coming at a cost. india| has what almost 18-20% of it's coming at a cost. india - has what almost 18-20% of its has what almost 18—20% of its population is minorities. if youre _ population is minorities. if you're going to exclude 20% by 'ust you're going to exclude 20% by just constantly focusing entirely on 80%, the danger really— entirely on 80%, the danger really is _ entirely on 80%, the danger really is the destruction of

our— really is the destruction of our social fabric.— really is the destruction of our social fabric. india is not new to political _ our social fabric. india is not new to political campaigns l our social fabric. india is not | new to political campaigns on religious lines. but as mr modi's bjp looks for a third term in power, on test is not just the party but also india's secular credentials. the "meme stock" craze is back in the spotlight. shares of video game retailer gamestop and movie theatre chain amc have jumped by more than 70% in the us. this came after one of their biggest online champions, keith gill, also known as "roaring kitty", re—emerged on x for the first time in three years. he is credited with helping the struggling companies' shares explode in 2021. more in the next hour, see you soon.

hello, and welcome to sportsday — i'm marc edwards. here's what's coming up. the late—late show — dramatic comeback sees villa draw against liverpool with champions league football tantalisingly within their grasp now. the leading goal—scorer in the history of the wsl, vivianne meedamer, will leave arsenal at the end of the season. andrey rublev sent tumbling out of the italian open by qualifier alexander muller.