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Since 2014, China's central bank has been working on a project called DCEP (Digital Currency Electronic Payment) or digital renminbi, [8] often also referred to as the "digital yuan" as it would be backed by the yuan. [9] At the end of 2017, the China's central bank organized a number of banks and institutions to jointly develop the DCEP system.
U.S. Vice President JD Vance — making his first trip abroad since taking office — will attend the Paris AI Action Summit starting Feb. 10, while China's President Xi Jinping will be sending ...
Lawmakers want to ban the Chinese AI app DeepSeek from government devices because they fear it could collect user data that could jeopardize national security. The move comes after a report found ...
China's central bank, the People's Bank of China (PBOC), began research on the digital currency in 2014 under the leadership of Governor Zhou Xiaochuan. [9] [2] In 2016, Fan Yifei, a deputy governor of the PBOC, wrote that "the conditions are ripe for digital currencies, which can reduce operating costs, increase efficiency and enable a wide range of new applications". [10]
Artificial intelligence research and development did not start until the late 1970s after Deng Xiaoping's economic reforms. [3] While there was a lack of AI-related research between the 1950s and 1960s, some scholars believe this is due to the influence of cybernetics from the Soviet Union despite the Sino-Soviet split during the late 1950s and early 1960s. [10]
The company, founded in late 2023 by Chinese hedge fund manager Liang Wenfeng, is one of scores of startups that have popped up in recent years seeking big investment to ride the massive AI wave ...
The China Internet Investment Fund (CIIF; Chinese: 中国互联网投资基金; pinyin: Zhōngguó Hùliánwǎng Tóuzījījīn), is a China Government Guidance Fund.The fund focuses on the internet sector including cybersecurity, artificial intelligence, big data, cloud computing and other services that are in line with national strategies and help develop the digital economy of China.
The countries currently rank No. 1 and No. 2 in Tortoise Media's Global AI Index, which measures nations based on AI investment, innovation, and implementation.