Politics · China · 1 day ago

China vows to curb investment bubbles and keep AI under control

China vows to curb investment bubbles and keep AI under control

China’s Communist Party and government have issued guidelines to increase oversight of advanced technology.

They aim to prevent investment bubbles while keeping artificial intelligence safe, reliable and controllable.

The plans come as China backs high-tech manufacturing and strategic industries to build technological self-reliance amid rivalry with the United States.

The guidelines call for advances in AI research and key technologies, along with stronger supplies of computing power, algorithms and data.

China also plans to use AI to upgrade traditional industries and develop products such as connected vehicles, AI-enabled phones and computers, and humanoid robots.

At the same time, officials are told to avoid blind investment, excessive expansion and damage to the real economy.

Officials responsible for major losses caused by reckless investment may be held accountable.

Sources

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