Xi Jinping Reportedly Tells Bill Gates That US AI Tech Is Welcome In China — But What About The Risks?
Portfolio Pulse from Ananya Gairola
China's President Xi Jinping reportedly expressed willingness to embrace US AI technology, such as Microsoft's, during a discussion with Bill Gates. This comes amid global calls for stricter AI regulations and concerns over China gaining a competitive edge in the field.
June 17, 2023 | 2:42 am
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Alphabet's former CEO Eric Schmidt disagreed with calls for a complete shutdown of AI developments, stating that it would simply benefit China.
While the news mentions Alphabet's former CEO's opinion on AI development, it does not directly impact the company's current operations or stock price in the short term.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 40
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Tesla CEO Elon Musk visited China earlier this month and said that the country will be initiating AI regulation.
Elon Musk's statement on China initiating AI regulation does not directly impact Tesla's operations or stock price in the short term.
CONFIDENCE 75
IMPORTANCE 40
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POSITIVE IMPACT
China's President Xi Jinping expressed willingness to embrace Microsoft's AI technology, potentially opening up collaboration opportunities for the company.
China's President expressing willingness to embrace Microsoft's AI technology could lead to new collaboration opportunities and market expansion for the company. This could positively impact Microsoft's stock in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80