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Compared to apreliminary draftreleased in April, the published version, which is being called “interim measures,” appears to have relaxed several previously announced provisions, suggesting Beijing sees opportunity in the nascent industry as the country seeks to re-ignite economic growth in order to create jobs.
Last week, regulatorsfinedfintech giant Ant Group just under $1 billion, in a move that appeared to finally close a chapter on a wide-ranging regulatory crackdown centered around China’s tech giants. Many of them — including Alibaba(BABA), Baidu(BIDU)and JD.com(JD)— are now in the process of launching their own versions of AI chatbots.
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Top Healthcare Stocks in India Proven Profit Strategies ✌️【Stock Selection】✌️ Free real-time global stock indices and data to help you grasp stock market trends and achieve capital growth. The current version has also removedlanguage indicating punitive measures that had included fines as high as 100,000 yuan ($14,027) for violations.
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China also urges platforms to “participate in the formulation of international rules and standards” related to generative AI, it said.
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In the global race to build guardrails for how governments tap AI, China had gained a significant head start, US Senator Mark Warner warned last month. China is “very much ahead of the game,”he toldPolitico’s Global Tech Summit.
Chinese companies appear to be waiting for the updated rules to be issued before officially rolling out their ChatGPT-style services to the public.
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“The way China approaches AI regulation will likely be consistent with its approach to regulating other areas of prominent technology, such as internet or social media, where it operates strict censorship to control the flow of information,” Citi analysts said in a research note earlier this week.
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