The China Mail - China premier urges AI governance to avoid 'losing control'

USD -
AED 3.672499
AFN 63.497801
ALL 82.78735
AMD 368.501999
ANG 1.790403
AOA 917.000026
ARS 1470.994295
AUD 1.450737
AWG 1.80125
AZN 1.699774
BAM 1.718856
BBD 2.018008
BDT 123.091796
BGN 1.69088
BHD 0.376992
BIF 2985
BMD 1
BND 1.297974
BOB 6.938524
BRL 5.1836
BSD 1.001973
BTN 94.864877
BWP 13.624819
BYN 2.814079
BYR 19600
BZD 2.015116
CAD 1.423285
CDF 2269.000116
CHF 0.81196
CLF 0.023222
CLP 913.970277
CNY 6.790497
CNH 6.81316
COP 3430.81
CRC 454.535468
CUC 1
CUP 26.5
CVE 97.374994
CZK 21.357955
DJF 177.720297
DKK 6.58811
DOP 58.549651
DZD 133.752003
EGP 49.637897
ERN 15
ETB 161.535521
EUR 0.88133
FJD 2.24775
FKP 0.758197
GBP 0.758355
GEL 2.645023
GGP 0.758197
GHS 11.224992
GIP 0.758197
GMD 72.48613
GNF 8775.000362
GTQ 7.644241
GYD 209.623413
HKD 7.83995
HNL 26.807458
HRK 6.639198
HTG 131.00145
HUF 313.327501
IDR 17971.5
ILS 2.987501
IMP 0.758197
INR 94.66405
IQD 1312.563167
IRR 1375050.000233
ISK 126.909928
JEP 0.758197
JMD 157.717811
JOD 0.709038
JPY 161.763501
KES 129.549725
KGS 87.449994
KHR 4010.000164
KMF 430.999638
KPW 900.00035
KRW 1546.87991
KWD 0.30931
KYD 0.834996
KZT 487.384102
LAK 22188.337654
LBP 89725.095575
LKR 335.228721
LRD 182.352683
LSL 16.522564
LTL 2.95274
LVL 0.60489
LYD 6.429642
MAD 9.377774
MDL 17.639408
MGA 4185.964758
MKD 54.30225
MMK 2099.539901
MNT 3580.066416
MOP 8.091488
MRU 39.79664
MUR 48.209863
MVR 15.459914
MWK 1737.391847
MXN 17.59575
MYR 4.136102
MZN 63.899143
NAD 16.522564
NGN 1370.849964
NIO 36.867777
NOK 9.840295
NPR 151.78296
NZD 1.771746
OMR 0.384493
PAB 1.001977
PEN 3.39166
PGK 4.394272
PHP 61.470967
PKR 278.668893
PLN 3.777101
PYG 6107.983882
QAR 3.652503
RON 4.623702
RSD 103.469007
RUB 74.824636
RWF 1469.343633
SAR 3.755291
SBD 8.065041
SCR 13.652298
SDG 600.499646
SEK 9.77081
SGD 1.298035
SHP 0.746601
SLE 24.750278
SLL 20969.503664
SOS 572.656446
SRD 37.483032
STD 20697.981008
STN 21.530796
SVC 8.767412
SYP 110.532098
SZL 16.517116
THB 33.4105
TJS 9.293141
TMT 3.51
TND 2.965857
TOP 2.40776
TRY 46.497606
TTD 6.803181
TWD 31.734502
TZS 2620.002986
UAH 44.976754
UGX 3667.442985
UYU 40.189832
UZS 12038.49365
VES 616.865275
VND 26334
VUV 118.798432
WST 2.761642
XAF 576.48558
XAG 0.016359
XAU 0.000246
XCD 2.70255
XCG 1.805774
XDR 0.716966
XOF 576.48558
XPF 104.811706
YER 238.650124
ZAR 16.619401
ZMK 9001.201672
ZMW 17.97425
ZWL 321.999592
  • CMSC

    -0.0500

    22.11

    -0.23%

  • RYCEF

    -0.4700

    18.16

    -2.59%

  • CMSD

    -0.1200

    21.96

    -0.55%

  • BCE

    0.3900

    23.04

    +1.69%

  • RIO

    -3.7800

    95.58

    -3.95%

  • RBGPF

    0.9600

    61.3

    +1.57%

  • BCC

    -0.7400

    71.8

    -1.03%

  • RELX

    0.3800

    31.21

    +1.22%

  • VOD

    -0.0700

    14.05

    -0.5%

  • NGG

    0.6000

    81.57

    +0.74%

  • JRI

    -0.0200

    12.63

    -0.16%

  • GSK

    1.3300

    52.07

    +2.55%

  • AZN

    4.5900

    181.02

    +2.54%

  • BTI

    1.8400

    60.74

    +3.03%

  • BP

    -0.4500

    39.33

    -1.14%

China premier urges AI governance to avoid 'losing control'
China premier urges AI governance to avoid 'losing control' / Photo: © AFP

China premier urges AI governance to avoid 'losing control'

The world risks "losing control" of frontier technology such as artificial intelligence if governments are too slow to regulate it, China's premier warned attendees at "Summer Davos" on Wednesday.

Text size:

Fears are growing of AI-driven disruption to labour markets and the security risks it poses -- from use in conflict to breaches of cyber defences and the potential creation of new bioweapons.

"The speed of technological progress is unprecedented," Premier Li Qiang said in a speech, noting that artificial intelligence has boosted "innovation efficiency".

"However, we cannot ignore increasingly prominent risks of losing control of technology and ethical lapses," he said.

"If governance in this area fails to keep pace, there could be serious consequences."

Tech breakthroughs are touted as drivers of economic growth, but shadows include concern over job losses and geopolitics, said speakers at the annual conference put on in China by the Switzerland-based World Economic Forum (WEF).

Mirek Dusek, WEF's managing director, told AFP on Tuesday that AI opens the door to new opportunities in education, healthcare and other areas.

"We are blessed with a lot of technological advancements recently, but the main imperative for decision-makers around the world is really: how do you make sure this counts in the real economy?" Dusek said.

There is a "risk of a backlash against some of these technologies", he warned.

Adding to pressure on the international economic system is the US-Israeli war with Iran, which has stymied shipping from the oil-rich Middle East.

- 'Tepid environment' -

These headwinds have led the World Bank to reduce its global growth forecast for this year to its lowest level since the Covid pandemic.

The world economy is currently facing "a tepid environment", Dusek said.

Li Qiang's speech at the "Annual Meeting of the New Champions" -- held this year in the northeastern port city of Dalian -- offered the chance to deliver a message to the influential group of tech and business leaders in attendance.

Beijing's number-two leader characterised China's economy as a "safe haven" in a world now struggling with "multiple shocks, including global energy shortages and severe disruptions to production and supply chains".

The country has "injected a valuable dose of certainty into an increasingly uncertain world", Li said.

China's economy -- second in size only to that of the United States -- has nonetheless found it challenging in recent years to keep up with its breakneck pace of development in previous decades.

Despite a striking boom in exports and AI tech, sluggish household consumption and an entrenched property sector debt crisis have weighed on growth since the pandemic.

Complicating matters is Beijing's tumultuous relationship with Washington.

Graham Allison, professor at the Harvard Kennedy School, told AFP in Dalian that a potential war between the two great powers is very much on the table.

Allison is known for coining the term "Thucydides trap", a political theory that describes an increased likelihood of war when a rising new power -- such as China -- competes with an established power, like the United States.

- Avoiding woes of history -

However, recent engagement between the Chinese and US presidents is reason for optimism that a war can be avoided, Allison said.

At a summit in Beijing last month, China's Xi Jinping asked Donald Trump if the countries could "transcend the so-called 'Thucydides Trap' and forge a new paradigm for major-power relations".

Xi "clearly gets it" and his mention of the obscure historical concept "wasn't by accident", Allison said.

Trump, meanwhile, is "erratic in his own way", he added, calling the Iran war this year a "terrible" and "unnecessary mistake".

But Trump "understands China is different", especially after the country strangled US access to critical rare-earth minerals in response to lofty tariffs Trump imposed, Allison said.

"These two presidents are clearly trying to redefine the relationship or reframe it in a way that'll overcome Thucydides's trap."

M.Chau--ThChM