China’s new law to strengthen control on tech firms’ data
Chinese lawmakers have approved legislation aimed at giving the country more tools to counter U.S. sanctions in their growing rivalry.
China is seeking to find new ways to fire back at the U.S. and other Western countries amid tensions over a range of issues.
The law attempts to defuse U.S. and E.U. pressure over trade, technology and Hong Kong.
However, Foreign companies worry about the impact the new laws will have on foreign investment.
An earlier draft called for the establishment of a categorical and hierarchical system for data and risk-assessment mechanisms.
China’s bill urged national security reviews of data handling, saying that harmful overseas activities should be “pursued for legal responsibility.”
The law represents “another important piece in the overall data protection regulatory jigsaw in China,” said Carolyn Bigg, a Hong Kong Lawyer said.
President Xi Jinping is seeking to gain control of vast reams of information produced by companies like Alibaba and Tencent, as part of broader efforts to position China as a leader in big data.
Beijing has been pouring money into data centers and other digital infrastructure to make data a national economic driver and help shore up the Communist Party’s legitimacy.
Elon Musk and experts call for six-month pause on A.I.
The Future of Life Institute fears there may be potential risks to society
Elon Musk and a group of leading A.I. experts are calling for a six-month pause on developing systems, more powerful than OpenAI latest version of GPT-4.
The Future of Life Institute fears there may be potential risks to society.
In an open letter signed by some of the biggest and influential minds in tech, the Institute wants the pause so frameworks can be constructed to better handle A.I.
“Powerful A.I. systems should be developed only once we are confident that their effects will be positive and their risks will be manageable,” the open letter said.
British computer scientist Stewart Russell is a signatory to the open letter, and he explains what is occurring in the sector that scares him.
“With what is gestating in computer and research labs, is for general purpose A.I,” Russell declared recently. “A.I. that can do anything that the human mind can be turned to.
“Because of the enormous advantages machines have over humans, I expect general purpose A.I. will far exceed human capabilities in almost every dimension.”
Alibaba shares soar as company breaks into parts
Alibaba shares have soared as company executives announce a business shake-up
It’s been a good day for investors in Chinese tech giant Alibaba.
Shares in the company soared as executives announced a plan to break the business into parts.
Alibaba’s commerce leader says he will split the $220 billion empire into six individual units.
The major restructuring is the company’s biggest in 24 years.
Alibaba shares gained more than 14 per cent in New York and were up 13 per cent in Hong Kong.
The move follows reports Alibaba founder Jack Ma resurfaced in China this week after a long absence.
The units will have their own chief executives and boards of directors.
They will be allowed to raise capital and seek stock market listings.
Alibaba says the units will “capture opportunities in their respective markets and industries, thereby unlocking the value of Alibaba Group’s respective businesses”.
“The market is the best litmus test, and each business group and company can pursue independent fundraising and IPOs when they are ready,” says chief executive Daniel Zhang. #trending #featured
Facial recognition has been used a million times by U.S. police
Controversial facial recognition has been used a million times by police to help track criminals
As facial recognition becomes more prominent, the founder of tech firm Clearview says his company has run nearly a million searches for U.S. police.
It’s also been revealed the company has scraped 30 billion images from platforms such as Facebook and Instagram, taken without users’ permissions.
The company has been fined numerous times in Europe and countries like Australia for breaches of privacy laws.
In the U.S., critics say the use of Clearview by authorities puts everyone into a “police line-up”.
The company’s high-tech system allows law enforcement to upload a photo of a face and find matches in a database comprising of billions of images it has collected.
It then provides links to where matching images appear online.
The tool is considered to be one of the world’s most powerful and accurate.
While the company is banned from selling its services to most U.S. companies, there is an exemption for police.
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