On Thursday, Chinese state media cautioned regarding the potential dangers of investing in local AI-based companies. Meanwhile, domestic AI companies have called on investors to act rationally, as rapid increase in share prices has attracted the attention of regulators, Reuters
China has reportedly acquired minority stakes in the country’s big tech firms Tencent Holdings and Alibaba Group as it plans to tighten its oversight on online content. This comes after the government previously snapped up shares from TikTok’s owner ByteDance.
Chinese metaverse entrepreneurs are turning to overseas markets as the strict regulatory landscape back home is pushing them away. World over, metaverse and Web3 have become the buzzwords with tech companies and entrepreneurs scrambling for exciting business opportunities. Parent firm
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