👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

China reportedly planning 'security reviews' of AI services like ChatGPT

Published 04/11/2023, 06:49 AM
Updated 04/11/2023, 06:57 AM
© Reuters China reportedly planning 'security reviews' of AI services like ChatGPT
MSFT
-
GOOGL
-
BIDU
-
GOOG
-
BABA
-

By Vlad Schepkov

Several news outlets are reporting that the Chinese government is considering introducing new security reviews for artificial intelligence (AI) services, including natural language processing (NLP) models like ChatGPT.

The proposed reviews would reportedly require AI service providers to undergo thorough examinations of their technology and data management practices to ensure that they meet security standards. Companies that fail to pass the scrutiny could face penalties, including fines and restrictions on their operations. Sources familiar with the matter claim the move is part of a broader effort by the Chinese government to enhance cybersecurity measures in the country.

At this stage, it is unclear when the proposed security reviews would be introduced, or what specific requirements companies would need to meet in order to pass them.

If enacted, however, the reviews could create additional challenges for both Chinese AI players like Baidu (NASDAQ:BIDU), Alibaba (NYSE:BABA), and Tencent (HK:0700), as well their international counterparts like OpenAI/Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOGL) who are active in the Chinese market.

The reports come as the AI industry is facing increased scrutiny on all levels - just recently an open letter signed by over 1,100 researchers including Elon Musk and Steve Wozniak called for a six-month ban on AI research, seeking international regulation of the technology.

 

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.