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.
After several years flying high as Asia’s best Nvidia Corp proxy, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is increasingly vying with other artificial intelligence (AI) stocks for investor attention. Stock traders are chasing a wider array of beneficiaries as mainstream usage of AI creates demand for hardware beyond the most-advanced chips TSMC makes for Nvidia. Subthemes from the deepening memory crunch to advances in robotics are also luring bids. At the same time, investment caps on single stocks are pushing funds to diversify, while retail investors long familiar with TSMC through its US depositary receipts are being offered a broader set of
UNDER MICROSCOPE: Taiwan detained three people who allegedly conspired to buy servers in Taiwan and export them using fraudulent documentation, prosecutors said Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday urged Super Micro Computer Inc to tighten up on compliance after Taiwan detained three people this week for allegedly making fraudulent declarations about artificial intelligence (AI) servers made by its US partner. The development marked the nation’s first crackdown on semiconductor smuggling, which grew after the US slapped restrictions on exports of high-end chips such as Nvidia AI accelerators to China. Nvidia is “rigorous” in explaining regulations to all of its partners, Huang told reporters after arriving in Taipei. “Ultimately Super Micro has to run their own company,” he said in response to
Netherlands-based semiconductor equipment supplier ASML Holding NV yesterday said that it is planning to hire an additional 1,000 people in Taiwan this year in response to growing demand from clients. ASML had previously planned to recruit 600 people this year, but that the plan has been adjusted upward, ASML vice president and ASML Taiwan general manager Grace Wang (汪佳慧) told reporters. ASML has a workforce of more than 4,500 in Taiwan, accounting for about 10 percent of its global total, Wang said. This year’s recruitment campaign would focus on adding people in the customer support, manufacturing and supply chain domains to assist ASML
Nvidia Corp yesterday announced that CEO Jensen Huang (黃仁勳) would attend an employee meeting in Taipei tomorrow to celebrate the launch of the company’s Taiwan headquarters project. Huang would attend a gathering at the site of Nvidia’s planned headquarters in Beitou Shilin Technology Park (北投士林科技園區), the company said in a statement. After arriving in Taiwan on Saturday last week, Huang told reporters that he plans to meet with Quanta Computer Inc (廣達) chairman Barry Lam (林百里) and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman C.C. Wei (魏哲家), and would attend the groundbreaking ceremony for Nvidia’s Taiwan headquarters tomorrow. Nvidia has not yet applied