Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

NEWS

Elon Musk thinks China is interested in an international AI framework

Discount retailer Pepco's sales growth slows

Elon Musk thinks China is interested in an international AI framework

By Kanishka Singh and Anna Tong

WASHINGTON (Reuters) -Billionaire Elon Musk said on Wednesday he thinks China is interested in a cooperative international framework on artificial intelligence, from conversations he had when he visited a few weeks ago.

Musk made the remarks in a Twitter Space event with two U.S. congressmen, Democrat Ro Khanna and Republican Mike Gallagher.

“China is definitely interested in working in a cooperative international framework for AI regulation,” Musk said. He added that he had advocated for artificial intelligence regulations and oversight, including in his meetings in China.

Musk’s remarks came on the day he launched his long-teased artificial intelligence startup, xAI, after arguing for months about AI’s potential for “civilization destruction.”

Musk recently traveled to China and met the foreign, commerce and industry ministers as well as Vice Premier Ding Xuexiang. His Tesla electric car company has a factory in Shanghai.

Musk later said the Chinese government would seek to initiate artificial intelligence regulations.

On Thursday, China issued a set of interim measures to manage the booming industry, paving the way for its tech companies to roll out AI services.

Chinese foreign ministry spokesperson Wang Wenbin said China attached great importance to the development and governance of AI and “advocates adhering to the principle of human-centred intelligence and creating artificial intelligence for good.

“China is willing to enhance communication and exchanges with the international community on AI security governance, promote the establishment of an international mechanism with universal participation, and form a governance framework and standards that share broad consensus,” Wang told a regular briefing in response to a question about Musk’s comments.

Several governments are considering how to mitigate the dangers of the emerging technology, which has experienced a boom in investment and consumer popularity in recent months after the release of OpenAI’s ChatGPT.

Regulators globally have been scrambling to draw up rules governing the use of generative AI, which can create text and images. Its impact has been compared to that of the internet.

(Reporting by Kanishka Singh and Anna Tong, additional reporting by Liz Lee in Beijing; Editing by Sandra Maler and Leslie Adler)

 

Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts