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GeneralBeginnerA pilot program in China is facing a hurdle: some workers paid in the country’s Central Bank Digital Currency (CBDC) are converting it back to regular cash as soon as they receive it. This news comes from a South China Morning Post report on May 13, 2024. China is currently testing its digital…
#cbdc#china#crypto
A new generation of artificial intelligence (AI) companies is emerging in China, challenging the dominance of established players like OpenAI. These Chinese “AI unicorns,” valued at over $1 billion, are rapidly developing innovative AI applications, sparking fierce competition in the global AI…
#ai#china#openai
EthereumBeginnerFund issuers and industry experts are buzzing with the potential of Hong Kong’s newly launched cryptocurrency exchange-traded funds (ETFs) to become a gateway for mainland Chinese investors. These innovative financial instruments, the first of their kind globally to directly track Bitcoin and…
#china#crypto#etfs
GeneralBeginnerYao Qian is reportedly under investigation by the government for suspected violations of the law. Yao, known as the “Crypto Dad” for his pioneering role in developing China’s Central Bank Digital Currency (CBDC), finds himself in the crosshairs of authorities just as the country’s stance on…
#cbdc#china#government
GeneralBeginnerChinese universities and research institutes have managed to acquire high-end artificial intelligence (AI) chips from Nvidia despite the US expanding a ban on such technology sales to China last year. This revelation comes from a Reuters review of hundreds of tender documents. According to the…
#ai#ban#china
GeneralBeginnerChipmaker Intel is set to launch two new artificial intelligence (AI) chips specifically designed for the Chinese market, according to a white paper published on the company’s website. These chips, named HL-328 and HL-388, will have reduced capabilities compared to their global counterparts in…
#ai#china#intel
GeneralBeginnerMicrosoft has issued a warning that China intends to leverage artificial intelligence (AI) to manipulate public opinion in countries like India and the United States, particularly in the context of upcoming elections. This tactic involves creating and amplifying AI-generated content that aligns…
#ai#china#india
GeneralBeginnerMicrosoft has issued a stark warning to the Indian government regarding a significant AI threat posed by Chinese hackers in the upcoming 2024 Lok Sabha elections. The tech giant has raised concerns about the potential interference and manipulation of India’s democratic process through advanced…
#ai#china#government
GeneralBeginnerThe Biden administration tightened restrictions on China’s access to advanced artificial intelligence (AI) chips and chipmaking tools on Friday. This move aims to hinder Beijing’s development of its own domestic chip industry, citing national security concerns. The revised rules, released in…
#ai#ban#china
GeneralBeginnerA former Google engineer, Linwei Ding, also known as Leon Ding, has been arrested and charged with four counts of theft of trade secrets related to artificial intelligence (AI). The indictment alleges that Ding stole confidential information from Google to benefit two Chinese companies he was…
#ai#china#google
GeneralBeginnerAdvanced Micro Devices (AMD), a leading chipmaker, has encountered a hurdle in its efforts to expand its reach in China. According to sources familiar with the matter, the U.S. Commerce Department blocked the sale of an artificial intelligence (AI) processor specifically designed for the Chinese…
#ai#amd#china
