China vows to curb tech bubbles, keep AI risks in check
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓China issued policy guidelines on Friday to tighten oversight of its advanced technology sector.
- ✓The government wants to curb investment bubbles while ensuring artificial intelligence remains "safe, reliable and controllable." Officials said they will focus on high-quality development and hold people accountable for major losses caused by blind investment.
Story at a Glance
- Category
- BUSINESS
- Reported By
- CNBC TV18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
China will tighten oversight of its drive into advanced technology, seeking to curb investment bubbles while ensuring artificial intelligence remains "safe, reliable and controllable", according to policy guidelines issued on Friday.
As Beijing ramps up support for high-tech manufacturing and strategic industries to boost technological self-sufficiency amid rivalry with the US, the guidelines warned against blind investment and excessive expansion into emerging sectors.
"Developing new productive forces is an inherent requirement and an important focus for promoting high-quality development," Xinhua cited the guidelines, issued by the ruling Communist Party and the cabinet, as saying.
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CNBC TV18
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