US investor George Soros said there was a “mortal danger” of China’s use of artificial intelligence (AI) to repress its citizens under the leadership of Chinese President Xi Jinping (習近平), whom he called the most dangerous opponent of democracies.
“The instruments of control developed by artificial intelligence give an inherent advantage of totalitarian regimes over open societies,” the 88-year-old said on Thursday at the World Economic Forum in Davos, Switzerland. “China is not the only authoritarian regime in the world, but it’s undoubtedly the wealthiest, strongest and most developed in machine learning and artificial intelligence.”
The former hedge fund manager said that Beijing is developing a centralized database that would use algorithms to determine whether a person poses a threat to China’s one-party system.
Photo: AFP
While China’s so-called social credit system is not yet fully operational, “it will subordinate the fate of the individual to the interests of the one-party state in ways unprecedented in history,” Soros said.
“I find the social credit system frightening and abhorrent,” he said.
Soros drew a distinction between Xi and Chinese, saying the latter remain a main source of hope.
At the Davos conference last year, Soros criticized social-media giants Facebook Inc and Google. He compared them to gambling companies that foster addiction among users and said that they exploit the data they control.
Soros on Thursday reiterated the need to regulate technology firms while authoritarian regimes declare theirs as “national champions.”
“That’s what has enabled some Chinese state-owned companies to catch up with and even surpass the multinational giants,” he said.
In his speech, Soros touched on subjects including his childhood, running a hedge fund and his efforts to protect human rights.
He spoke at length about China, criticizing Xi and the nation’s Belt and Road Initiative infrastructure project as self-serving.
He also called Russian President Vladimir Putin another enemy of democracy.
“I’ve been concentrating on China, but open societies have many more enemies, Putin’s Russia foremost among them,” Soros said.
PERSISTENT RUMORS: Nvidia’s CEO said the firm is not in talks to sell AI chips to China, but he would welcome a change in US policy barring the activity Nvidia Corp CEO Jensen Huang (黃仁勳) said his company is not in discussions to sell its Blackwell artificial intelligence (AI) chips to Chinese firms, waving off speculation it is trying to engineer a return to the world’s largest semiconductor market. Huang, who arrived in Taiwan yesterday ahead of meetings with longtime partner Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), took the opportunity to clarify recent comments about the US-China AI race. The Nvidia head caused a stir in an interview this week with the Financial Times, in which he was quoted as saying “China will win” the AI race. Huang yesterday said
Japanese technology giant Softbank Group Corp said Tuesday it has sold its stake in Nvidia Corp, raising US$5.8 billion to pour into other investments. It also reported its profit nearly tripled in the first half of this fiscal year from a year earlier. Tokyo-based Softbank said it sold the stake in Silicon Vally-based Nvidia last month, a move that reflects its shift in focus to OpenAI, owner of the artificial intelligence (AI) chatbot ChatGPT. Softbank reported its profit in the April-to-September period soared to about 2.5 trillion yen (about US$13 billion). Its sales for the six month period rose 7.7 percent year-on-year
Nissan Motor Co has agreed to sell its global headquarters in Yokohama for ¥97 billion (US$630 million) to a group sponsored by Taiwanese autoparts maker Minth Group (敏實集團), as the struggling automaker seeks to shore up its financial position. The acquisition is led by a special purchase company managed by KJR Management Ltd, a Japanese real-estate unit of private equity giant KKR & Co, people familiar with the matter said. KJR said it would act as asset manager together with Mizuho Real Estate Management Co. Nissan is undergoing a broad cost-cutting campaign by eliminating jobs and shuttering plants as it grapples
MORE WEIGHT: The national weighting was raised in one index while holding steady in two others, while several companies rose or fell in prominence MSCI Inc, a global index provider, has raised Taiwan’s weighting in one of its major indices and left the country’s weighting unchanged in two other indices after a regular index review. In a statement released on Thursday, MSCI said it has upgraded Taiwan’s weighting in the MSCI All-Country World Index by 0.02 percentage points to 2.25 percent, while maintaining the weighting in the MSCI Emerging Markets Index, the most closely watched by foreign institutional investors, at 20.46 percent. Additionally, the index provider has left Taiwan’s weighting in the MSCI All-Country Asia ex-Japan Index unchanged at 23.15 percent. The latest index adjustments are to