As the race for metaverse development continues, Shandong Province in China has released draft guidelines to develop an ambitious 150 billion yuan, or $20.5 billion, metaverse market by 2025. As part of its plan, the province seeks to develop metaverse-related
Leading financial services hub Dubai International Financial Centre (DIFC) has completed its first cohort with 10 regional and global startups under its DIFC Metaverse Accelerator Programme. The program was done to promote metaverse inclusivity in accordance with Dubai Higher Committee for Future
The United States has extended AI chip export restrictions beyond China to include some countries in the Middle East. The ban affects Nvidia and Advanced Micro Devices (AMD) chips. For China, the ban on chip exports was imposed in 2022.
Amid the rising global crypto fervor, China has made significant headlines by sentencing a former provincial official, Yi Xiao, to life imprisonment for corruption, which includes aiding cryptocurrency mining. This action has demonstrated China’s stringent stand on illegal financial activities
China plans to bring a “digital identity system” into the metaverse and social credit scores for the virtual domain. The proposal is state-designed via state-owned telecoms operator China Mobile. The power to control China’s desire to control every aspect of
In a bold move against emerging tech fraud, China has ramped up its efforts to quash illicit activities that leverage state-of-the-art technologies. The spotlight shines on overseas telecommunication firms accused of exploiting the realms of cryptocurrency and artificial intelligence (AI).
Teenagers in China will be restricted to using their phones for just an hour per day under new draught rules proposed by the state’s cyberspace regulator, reports Insider. The Cyberspace Administration of China unveiled proposed guidelines aimed at addressing “the
TikTok, a China-owned social media company has consistently faced criticism for disseminating the state’s propaganda. The latest report accuses the platform of deceiving millions of Europeans through Chinese state propaganda outlets, focusing on subjects such as COVID-19 and tourism in
TikTok announced the launch of a new feature that allows people to post text-only content, similar to Meta’s Threads and Elon Musk’s Twitter. The feature lets users create and share text posts, which can be enhanced with stickers, hashtags, and
Chinese government has finalized a friendlier set of rules to govern generative AI systems like OpenAI’s ChatGPT at a time the world over is seized with discussions on regulating the sector. The new set of rules should come into effect
The U.S. Federal Trade Commission (FTC) launched an investigation into OpenAI over potential violations of consumer protection laws related to its AI chatbot ChatGPT, which is accused of spreading false information and flouting data privacy rules. According to a report
French President Emmanuel Macron has suggested to cut off social media platforms like TikTok amid violent riots in the country, sparking widespread criticisms from the public. The suggestions are on the back of violent demonstrations, which erupted in the country
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