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Compared to apreliminary draftreleased in April, the published version, which is being called “interim measures,” appears to have relaxed several previously announced provisions, suggesting Beijing sees opportunity in the nascent industry as the country seeks to re-ignite economic growth in order to create jobs.

Last week, regulatorsfinedfintech giant Ant Group just under $1 billion, in a move that appeared to finally close a chapter on a wide-ranging regulatory crackdown centered around China’s tech giants. Many of them — including Alibaba(BABA), Baidu(BIDU)and JD.com(JD)— are now in the process of launching their own versions of AI chatbots.

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why is fine organic industries limited (541557) rising ✌️【Stock】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your investments. The current version has also removedlanguage indicating punitive measures that had included fines as high as 100,000 yuan ($14,027) for violations.

why is fine organic industries limited (541557) rising ✌️【Stock】✌️ Get precise stock market predictions and free access to real-time market data for efficient decision-making and portfolio growth. The state “encourages the innovative use of generative AI in all industries and fields” and supports the development of “secure and trustworthy” chips, software, tools, computing power and data sources, according to thedocument announcing the rules.

China also urges platforms to “participate in the formulation of international rules and standards” related to generative AI, it said.

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why is fine organic industries limited (541557) rising ✌️【Stock】✌️ Free real-time global stock trend updates to help you capture market movements and make better investment decisions. The service hasexploded in popularityin recent months, and Chinese tech companies have been racing to release their own versions, prompting some critics to predict that the trend will add fuel to an existing US-China rivalry in emerging technologies.

In the global race to build guardrails for how governments tap AI, China had gained a significant head start, US Senator Mark Warner warned last month. China is “very much ahead of the game,”he toldPolitico’s Global Tech Summit.

Chinese companies appear to be waiting for the updated rules to be issued before officially rolling out their ChatGPT-style services to the public.

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“The way China approaches AI regulation will likely be consistent with its approach to regulating other areas of prominent technology, such as internet or social media, where it operates strict censorship to control the flow of information,” Citi analysts said in a research note earlier this week.

why is fine organic industries limited (541557) rising ✌️【Stock】✌️ Real-time global stock market trend analysis to help you identify profitable opportunities and improve your investment strategies. Regulators appear to be aware of the concerns. In the just released guidelines, they stress the need to strike a balance between“development and security.”

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