Cryptocurrency Analysis and News Portal
This is not the first Chinese government ban on foreign technology. In 2014, the government banned Windows 8 from government computers, citing security risks. China is asking its central government officials not to use Apple iPhones and other foreign-branded devices for work. This was contained in a report by the Wall
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Ernie’s release follows the new regulation in the AI industry introduced by the Chinese government. Notably, Baidu became the first company to get an approval from the authorities. On March 16, Chinese internet search services giant Baidu Inc (HKG: 9888) revealed its Chinese-language ChatGPT alternative – Ernie chatbot. At that time, the chatbot
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Chinese authorities have accelerated efforts to support companies that are aiming to develop AI. China has given a big boost to artificial intelligence (AI) technology following its recent string of approvals. This follows after the Cyberspace Administration of China gave the nod of approval to at least three Chinese tech firms
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Hangzhou Intermediate People’s Court has convicted a former Chinese party official, Xiao Yi, for abuse of power and bribery. Xiao Yi has received a life imprisonment sentence. Officials clarified that he misused his authority to support
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During the 2023 Hangzhou Summit held in Hangzhou, China, a new data exchange powered by blockchain technology was unveiled by government officials. Over 300 enterprises, including Alibaba Cloud and Huawei, participated in the exchange's debut.According to local news reports on Aug. 23, the new Hangzhou Data Exchange will facilitate the
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Chinese-based company, Telco, has proposed a new digital ID system for bringing China into the metaverse. Telco’s proposal aims to bring all Chinese citizens into the metaverse using their ID metaverse system. Telco’s system would allow Chinese
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China is reportedly looking to implement a system akin to its social credit system, but in the Metaverse and other online virtual worlds.Proposals viewed by POLITICO and reported on Aug. 20 show the state-owned telco China Mobile proposed a digital ID for all metaverse and online virtual world users that
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On the latest episode of Macro Markets, analyst Marcel Pechman explains the impacts of the United States Federal Reserve’s balance sheet, breaking down how the Fed inflated its assets by $5 trillion between December 2019 and April 2022. Pechman notes that the expansion period coincides with a 38% crash in
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The emergence of high-level artificial intelligence (AI) technology has caused the United States and China to safeguard their resources in a race to develop the most powerful systems.A tense relationship is developing between the two world powers, as the Biden Administration announced it would limit Chinese tech investments in semiconductors,
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Cryptocurrency exchange Huobi has seen outflows worth $64 million between Aug. 5-6, amidst ongoing rumors about its solvency and that Chinese authorities were investigating its executives. Outflows over the weekend resulted in the exchange's total value locked (TVL) falling to $2.5 billion at the time of writing, down from $3.09
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