In the News: China Regulates Generative AI; Chinese Financial Sector Targeted in Anti-Corruption Drive; and IPOs Perform Well Under New Rules

April 12, 2023 | BY

Brian Chan

China regulates generative AI to mitigate risks of the technology; Anti-corruption campaign targets executives in the financial sector; and New IPOs perform well

Promulgated: 2023-04-11

Night view of CBD skyline in Beijing, China. Credit: Govan/Adobe Stock

China Seeks to Manage Generative AI Services

On April 11, China's cyberspace regulator, Cyberspace Administration of China (CAC), released draft measures for managing generative artificial intelligence (AI) services – Cyberspace Administration of China, Measures for the Administration of Generative Artificial Intelligence Services (Draft for Comments) (国家互联网信息办公室生成式人工智能服务管理办法 (征求意见稿)), according to Reuters. It wants firms to submit security assessments to authorities before they launch their offerings to the public. The rules come as governments consider how to mitigate the risks of the emerging technology after the recent release of OpenAI's ChatGPT. They also come after Chinese tech giants, Baidu, SenseTime and Alibaba, recently released their new AI models which can power chatbots and image generators.

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