Elon Musk, the Chief Executive of Tesla Inc (TSLA.O), concluded his two-day visit to China on Thursday i.e. 1st of June, departing from Shanghai. During his stay, he engaged in meetings with senior Chinese government officials, including the vice premier holding the highest rank. In an effort to secure approval for expanding their business in the world’s largest electric-vehicle market, Tesla CEO has embarked on a comprehensive charm offensive targeting Chinese authorities, despite concerns surrounding heightened competition.
His last visit was three years in 2020 , where he went down to the East for the delivery ceremony of Model 3 of his Tesla car. Currently, Elon Musk held talks in Beijing with top officials including China’s foreign minister Qin Gang, with whom he majorly discussed about the increased role of Artificial Intelligence in the upcoming times.
The Billionaire has made a revelation that Chinese are looking forward at regulations for the use of AI. There hasn’t been much coming out of the box but however, this call for regulation has been taken due to the advancing risks associated with AI and why it needs to be brought under strict speculation from concerned authorities.
Something that is worth noting is that on my recent trip to China, with the senior leadership there, we had, I think, some very productive discussions on artificial intelligence risks, and the need for some oversight or regulation. And my understanding from those conversations is that China will be initiating AI regulation in China.
Musk’s exact words quoted the same as above.
This is not the first time that China has taken a step against the super growing AI, In April, draft measures were released by the cyberspace regulator in the country, outlining the management of generative AI services. These proposed measures stipulate that companies must undergo security assessments conducted by authorities before launching their AI offerings to the public.
Governments worldwide are actively exploring strategies to tackle the potential risks related to AI, considering its substantial investment and growing consumer interest, particularly in the wake of OpenAI’s ChatGPT release.
