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UBS analysts predict extended cloud spending cuts for Microsoft, other tech companies

The Yahoo Finance Live team discusses the stock performance of Microsoft and other tech leaders amid forecasts on cloud-computing spending. Read More...

TechCrunch

Prohibition of AI that ‘subverts state power’ in China may chill its nascent industry

Chinese regulators have proposed restrictive rules around AI models like ChatGPT being built in the country, requiring user identification, security reviews, and prohibiting “any content that subverts state power, advocates the overthrow of the socialist system, incites splitting the country or undermines national unity.” The rules come hot on the heels of Chinese tech companies rolling out their versions of general purpose large language models, versatile AI systems that can converse in natural language and carry out a surprising number of tasks. While the reception of Sensetime, Baidu, and Alibaba’s models over the last month suggests they’re somewhat behind the likes of GPT-4, it’s clear the industry there is equally dedicated to developing these capabilities.

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