FACTBOX – Governments race to regulate AI tools – Digital Transformation News

FACTBOX – Governments race to regulate AI tools – Digital Transformation News

Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI’s ChatGPT are complicating governments’ efforts to agree to laws governing the use of the technology. Here are the latest steps national and international governing bodies are taking to regulate AI tools: AUSTRALIA * Planning regulations Australia will make search engines draft new codes to prevent … Read more

U.S. chip export ban is ‘great news,’ says partner at Chinese tech investment fund

U.S. chip export ban is ‘great news,’ says partner at Chinese tech investment fund

Chloe Wang, a partner and vice-president at the Guangzhou-headquartered Yang Cheng Fund, welcomed the news that the U.S. will ban the export of certain types of artificial intelligence (AI) chip to China. The U.S. Department of Commerce is to restrict exports of Nvidia’s A800 and H800 chips, it said Tuesday. The Yang Cheng Fund invests … Read more

China’s Commerce Ministry is considering countermeasures to Biden’s EO

China’s Commerce Ministry is considering countermeasures to Biden’s EO

China’s Ministry of Commerce signaled Thursday it would respond, if needed, to the Biden administration’s executive order to restrict U.S. investments in advanced Chinese technology. When asked about U.S. Commerce Secretary Gina Raimondo’s plans to visit China, the ministry’s spokesperson declined to confirm a time, but said the two countries remained in close communication. Chinese … Read more