#china

China's provisional AI guidelines, termed "Generative AI Measures," take effect today. Among the 24 measures, AI service platforms must register and undergo security reviews before public launch. AI-generated content will need labels, and data must come from legitimate sources respecting intellectual property and user privacy. Service providers are accountable for content on their platforms.

X (Twitter) is actively seeking a financial-data giant to collaborate on building a trading hub within its app. The request for plans emphasizes the importance of real-time information, particularly in the realm of investing. The company aims to offer financial content, real-time stock data, and other related features to enhance user experience. Reminding that Elon Musk envisions the platform as a Western super-app akin to WeChat in China, Gojek in Indonesia, Grab in Singapore, and Gozem in Africa. Such super-apps integrate various consumer services like food delivery, ride-hailing, payments, investing, and identity authentication into a single app, providing a comprehensive user experience.

The U.S. congressional committee on China is conducting an investigation into BlackRock and MSCI, two major asset management and index provider firms. The committee alleges that these companies have been enabling investments into blacklisted Chinese companies, which is causing tensions in the already strained relations between the two countries. The House of Representatives’ claims that BlackRock and MSCI facilitated American capital flow into companies that have been found guilty of supporting China’s military advancements or engaging in human rights abuses.

Japan's Soramitsu is at the forefront of crafting a system that enables cross-border transactions specifically tailored to the Asian market. This initiative involves leveraging the Cambodian CBDC to cater to markets in India, China, and Japan. Additionally, Soramitsu aspires to establish a Japanese exchange for stablecoins, simplifying currency conversion across various countries.

8btc, one of the oldest and most influential cryptocurrency news platforms in China, is undergoing a strategic shift. The platform, renowned for its coverage of Bitcoin, blockchain, and cryptocurrency-related news, has announced its decision to transition away from crypto content and fully embrace artificial intelligence (AI) and the metaverse. Founded in 2011, 8btc has published over 1.4 million articles and posts, attracting billions of page views. It has played a vital role in providing information, communication, and investment services for blockchain startups and investors.