China Advocates for Global AI Collaboration Following Trump’s Announcement of a Low-Regulation Approach

Chinese Prime Minister Li Qiang has called for the nation to unite in advancing the development and security of rapidly evolving technologies, following the U.S.’s recent announcement regarding industry registrations.

Speaking at the annual World Artificial Intelligence Conference (WAIC) in Shanghai, Li referred to AI as a fresh engine for economic growth, highlighting the disjointed governance of the technology and advocating for improved international cooperation to establish a universally recognized AI framework.

On Saturday, Li cautioned that the advancement of artificial intelligence must be balanced against security concerns, emphasizing the urgent need for a global consensus.


His statements followed the announcement from President Donald Trump about a proactive low-regulation approach aimed at solidifying control in swiftly evolving sectors. One executive order specifically targeted what the White House termed an “awakening” AI model.

While addressing the World AI Conference, Li stressed the importance of governance and the promotion of open-source development.

“The risks and challenges associated with artificial intelligence have garnered significant attention. Finding a balance between progress and security necessitates a broader consensus from society,” the Prime Minister stated.

Li asserted that China would “actively promote” open-source AI development, expressing willingness to share advancements with other nations, particularly those in the Global South.

The three-day conference positioned AI as a critical battleground, as industry leaders and policymakers from the two largest global economies faced off in a growing technological rivalry between China and the U.S.

Washington has implemented export restrictions on advanced technologies to China, including high-end AI chips from companies like NVIDIA, citing concerns that such technologies could enhance China’s military capabilities.


Although Li did not specifically mention the U.S. in her address, she cautioned that AI could become an “exclusive game” for certain nations and corporations, highlighting issues such as a shortage of AI chips and limitations on the exchange of talent.

As AI is integrated across numerous industries, its applications have raised significant ethical concerns, ranging from misinformation dissemination to employment impacts and the potential for loss of technical oversight.

Earlier this week, news organizations alerted online audiences about the “devastating effects” of AI-generated summaries replacing traditional search results.

The World AI Conference is an annual government-sponsored gathering in Shanghai that typically draws participants from various sectors, including industry players, government representatives, researchers, and investors.

Speakers at the event included ANE Bouverot, the AI envoy for the French President, computer scientist Geoffrey Hinton, known as “The Godfather of AI,” and former Google CEO Eric Schmidt.

Tesla CEO Elon Musk did not participate this year, although he has been a regular speaker at both in-person and video openings in previous years.

The exhibition showcased Chinese tech corporations like Huawei and Alibaba, along with startups such as humanoid robot maker Unitree. Western participants included Tesla, Alphabet, and Amazon.

Reuters and Assen France Press

Source: www.theguardian.com

Trump’s Crypto Firms Collude Amid Fraudulent Wallet Announcement | Technology

A vibrant website showcasing illustrations of Donald Trump launched on Tuesday, depicting him flexing his muscles and raising his fist. This image serves as the logo for one of Trump’s digital currencies, with the website branding itself as the “official $Trump wallet,” promoting products that facilitate transactions using the president’s cryptocurrency.

The site highlights Trump Coin$Trump and encourages visitors to sign up for a waitlist to access their digital wallet. I first spotted it in the Crypto Newsletter a quote is required. Magic Eden, a well-established cryptocurrency marketplace, announced a partnership with Trump’s official digital coin team to develop the wallet. Accounts on Twitter/X also advertised wallet products linked to one of Trump’s cryptocurrencies.

“The $Trump Wallet with @magiceden is on its way. Join the $Trump Community! http://trumpwallet.com”


This announcement seems to lend an air of legitimacy, but Trump’s sons are raising concerns.

“The Trump organization is not affiliated with this wallet product,” Donald Trump Jr. stated on X. Subsequently, Eric Trump tweeted: “I run @Trump, but I know nothing about this project!” Even Baron Trump chimed in, stating: “Our family is not involved in this wallet.”

Donald Jr. added that he has been “working tirelessly” on launching an official wallet with World Liberty Financial, a separate family crypto venture established last year.

The cryptocurrency sector is notorious for its fraud and internal disputes. The latest rift between Magic Eden and World Liberty Financial seems linked to a longstanding conflict involving Trump’s business associate and his son. This associate runs the company that issued the Trump organization’s cryptocurrency and is engaged in separate ventures. Additionally, the Trump Organization owns a company called CIC Digital, which is valued at around $2 billion and manages 80% of Coin’s reserves along with oversight of cryptocurrency trading profits.

On X, both Magic Eden and Zanker’s company claimed the newly announced crypto wallet is indeed collaborating with Trump and is supported by Magic Eden.

Eric Trump disputed this claim, later issuing a warning on Tuesday: X: “This project has not been authorized by @Trump,” he mentioned. “@magiceden, I am very cautious about using our name on unapproved projects that are unknown to anyone in our organization.”

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In recent months, Trump’s family members and business associates have launched various crypto and digital currency initiatives. These ventures include meme coins featuring fist-pumping playing cards and stable coins designed to maintain a steady value of $1. Melania Trump even unveiled her own memo coin.

Throughout his first term, Trump was strongly opposed to cryptocurrency, but his stance has changed since then. He has embraced this volatile market, becoming the first major candidate to accept campaign donations in cryptocurrency and speaking at prominent crypto conferences. Trump entertained industry leaders at the White House, hosting high-profile cryptocurrency investors at a private golf club just outside Washington, DC. Moreover, his administration appointed a high-tech investor, David, as the “crypto Czar.” A series of federal investigations into cryptocurrency firms have been put on hold regarding digital assets.

Neither the White House, Magic Eden, nor Zanker responded to requests for commentary.

Source: www.theguardian.com

Big Tech Companies Dispute President Trump’s $500 Billion AI Investment Announcement, Involving Elon Musk

Major technology giants criticized their competitors following Donald Trump’s announcement of significant investments in AI the day before.

President Trump revealed Stargate, a $500 billion initiative funded by OpenAI, Oracle, and SoftBank. The announcement featured leaders from both companies: Sam Altman, Larry Ellison, and Masayoshi Son, with Son as the project chairman. A representative from Abu Dhabi’s state-run AI fund MGX, another major investor, was notably absent.

The partnership aims to establish data centers and computing infrastructure crucial for AI development. While the initial investment amount is substantial, estimates suggest that developing AI will require as much funding.

Notably missing from the event was Elon Musk, CEO of Tesla, SpaceX, and xAI, who is also the wealthiest person globally. Despite Musk’s close ties to Trump and rumored office in the White House, he dismissed Stargate as a financial sham the following night.

When OpenAI announced on X (Musk’s social network) that they would immediately deploy $100 billion, Musk countered, stating that they lacked the funds and criticizing SoftBank’s funding of less than $10 billion. Musk, with a net worth of about $430 billion, tweets prolifically on a variety of subjects.

President Trump has yet to respond to Musk’s comments, focusing instead on Melania’s anniversary on his social network, Truth Social.

Musk continued his criticism on Twitter, sharing a leaked image of a research tool supposedly used to calculate Stargate’s $500 billion cost. He spent much of Wednesday afternoon attacking the project.

Sam Altman initially praised Musk’s work but later questioned his motives for criticizing SoftBank. Satya Nadella, CEO of Microsoft, responded diplomatically when asked about the situation, emphasizing Microsoft’s plans to invest in Azure.

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The tension between Musk and Altman dates back to their history at OpenAI, where Musk eventually parted ways with Altman. The heads of Oracle and SoftBank involved in Stargate have not yet spoken on the matter.

Source: www.theguardian.com

Is the Nintendo Switch 2 announcement worth the upgrade? Exciting news for gamers!

Nintendo recently announced the Switch 2 right after releasing its newsletter last week, accompanied by an unexpected revelation. A brief trailer (watch here) provides the only known details at this point. While the appearance of the device is revealed, other significant aspects remain undisclosed. It is speculated that Nintendo plans to host a more substantial announcement event in April. The trailer’s premature release follows numerous leaks about the console, omitting the release date and game specifics.

Given the lack of detailed information, analyzing the Switch 2 feels speculative. It is noted that this is a refined model of the original Switch, boasting improved size, power, and new features. Unlike groundbreaking releases such as the motion-controlled Wii or the original Switch in 2017, which featured hybrid functionality, the Switch 2 lacks innovative gimmicks like the 3DS’ augmented reality camera. However, a surge in hybrid consoles from other companies since 2017, such as Steam Deck and PlayStation’s Portal, suggests a competitive market.

Nintendo’s challenge lies in enticing existing console owners to upgrade. Despite the company’s extensive game library catering to families, Nintendo may not hinge its success on selling millions of new consoles within the first year. With ventures like Mario movies, Universal Studios tie-ins, a new museum, and the enduring popularity of the Switch, Nintendo’s influence in the industry continues to burgeon, reducing its reliance on core hardware sales.

Nintendo’s pragmatic business approach, characterized by its substantial cash reserves, sets it apart from many Western counterparts accustomed to high-risk product launches. Holding significant assets worth billions, Nintendo’s long-term outlook ensures its sustainability in the face of occasional setbacks. This strategic resilience contrasts with analysts’ predictions of the company becoming a mere third-party game publisher, securing Nintendo’s relevance in the market.

Despite the uncertainties surrounding the Switch 2’s debut, Nintendo remains resilient against existential threats. By refining existing concepts rather than radically innovating, Nintendo can explore unconventional projects like the Alarmo alarm clock and retain creativity in its game development. As the industry thrives on compelling gameplay experiences, the success of the Switch 2 hinges on upcoming releases like Breath of the Wild and potential new entries in classic Nintendo franchises.

For updates on gaming trends, click here. Explore exciting titles like Lonely Mountains: Snow Riders, a challenging skiing game, and stay informed about industry developments in our news section. Engage with fellow gamers in our interactive polls and share your thoughts and suggestions with us at pushbuttons@theguardian.com.

Source: www.theguardian.com