Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Elon Musk says China will initiate AI regulations

Published 2023-06-05, 04:36 p/m
© Reuters. FILE PHOTO: Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, China May 31, 2023. REUTERS/Tingshu Wang
FCHI
-
TSLA
-

By Kanishka Singh and Nandita Bose

WASHINGTON (Reuters) - The Chinese government will seek to initiate artificial intelligence regulations in its country, billionaire Elon Musk said on Monday after meeting with officials during his recent trip to China.

Musk did not elaborate further and made his remarks in a Twitter Space with Democratic presidential candidate Robert F. Kennedy Jr. on Monday.

"It's worth noting that on my recent trip to China, I went to senior leadership there. I think we had some very productive discussions on artificial intelligence risks, and the need for some oversight and regulation," said Musk, owner of Twitter and Tesla Inc (NASDAQ:TSLA) chief executive.

"And my understanding from those conversations is that China will be initiating AI regulation in China."

Reuters was not immediately able to reach Chinese officials for comment outside of normal business hours.

Musk departed Shanghai on Thursday, wrapping up a two-day trip to China in which he met senior Chinese government officials including the highest-ranking vice premier.

Musk met with China's foreign, commerce and industry ministers in Beijing. He also met with Chinese Vice Premier Ding Xuexiang on Wednesday, a source familiar with the matter said.

China's cyberspace regulator unveiled draft measures in April for managing generative artificial intelligence services, saying it wants firms to submit security assessments to authorities before they launch their offerings to the public.

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.

© Reuters. FILE PHOTO: Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, China May 31, 2023. REUTERS/Tingshu Wang

In April, the Cyberspace Administration of China (CAC) said that China supports AI innovation and application and encourages use of safe and reliable software, tools and data resources, but content generated by generative AI had to be in line with the country's core socialist values.

Providers will be responsible for the legitimacy of data used to train generative AI products and measures should be taken to prevent discrimination when designing algorithms and training data, it said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.