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☆ In the new space race, hackers are hitching a ride into orbit
▼ + stars: | 2024-11-30 | by ( Vikram Barhat | ) www.cnbc.com time to read: +11 min

If compromised, AI systems could be used to interfere with or take control of strategically important national space missions. Critical space infrastructure is susceptible to threats across three key segments: in space, on the ground segment and within the communication links between the two. "In many ways, the threats to critical infrastructure on Earth can cause vulnerabilities in space," Lonstein said. "The consequences of malicious cyber activities include loss of mission data, decreased lifespan or capability of space systems or constellations, or the control of space vehicles." Use of strict access controls, authentication, and error correction mechanisms can further ensure that AI systems operate with accurate information.

Persons: Lonstein, Kaczmarek, Sylvester Kaczmarek, Wayne Lonstein, William Russell, JEM, Elon Musk, Jack Teixeira, GAO's Russell Organizations: SpaceX, NASA, OrbiSky Systems, VFT Solutions, Systems, Space Technologies, U.S, Government, Office, Spacecraft, Space, JAXA, Origin, U.S . National Oceanic, Administration, U.S . Air National, Viasat, Ukraine, Infrastructure Security Agency, Companies, Microsoft, Google, Nvidia, U.S . Space Force, Department of Defense, Space Force Guardians, Space Force, Web Services, Dynamics Locations: U.S, China, Russia, India, Ukraine, Nations, Silicon Valley

☆ The Pentagon's battle inside the U.S. for control of a new Cyber Force
▼ + stars: | 2024-11-22 | by ( Barbara Booth | ) www.cnbc.com time to read: +8 min

The revelations highlight the rising cyberthreats tied to geopolitics and nation-state actor rivals of the U.S., but inside the federal government, there's disagreement on how to fight back, with some advocates calling for the creation of an independent federal U.S. Cyber Force. Talent shortages, inconsistent training, and misaligned missions, are undermining CYBERCOM's capacity to respond effectively to complex cyber threats, it says. Known for his assertive national security measures, Trump's 2018 National Cyber Strategy emphasized embedding cyber capabilities across all elements of national power and focusing on cross-departmental coordination and public-private partnerships rather than creating a standalone cyber entity. Austin Berglas, a former head of the FBI's cyber program in New York who worked on consolidation efforts inside the Bureau, believes a separate cyber force could enhance U.S. capabilities by centralizing resources and priorities. "When I first took over the [FBI] cyber program … the assets were scattered," said Berglas, who is now the global head of professional services at supply chain cyber defense company BlueVoyant.

Persons: Ronald Reagan, Donald Trump, J.D, Vance, Mark Warner of Virginia, Paul Nakasone, Nakasone, Trump, Kristi Noem, Jen, John Cohen, Cohen, Austin Berglas, Berglas Organizations: Ronald Reagan Washington National Airport, Pentagon, U.S . Department of Defense, Senate Intelligence, New York Times, U.S . Cyber Force, Department of Defense, Foundation for Defense of Democracies, U.S . Cyber Command, Army, Navy, Air Force, Cyber Command, Department of Homeland Security, of Defense, of Homeland Security, Trump, Energy Department, Infrastructure Security Agency, Command, U.S, Center for Internet Security, CYBERCOM, Mission Force, Force Locations: ARLINGTON, VIRGINIA, Ronald Reagan Washington, Arlington , Virginia, China, U.S, America, Dakota, stovepipes, Russia, New York, Iran, North Korea

“I was completely stunned when he mentioned violence so bluntly,” said the 32-year-old, who was born and raised in China. In Britain, “Cafe Scientifique,” a laid-back science debate forum, kicked off in 1998 and “Pint of Science,” a three-day science festival, launched in May 2013. Unlike Western universities, which generally welcome the public, most Chinese campuses remain fenced off, keeping their academic resources exclusive to students, faculty and authorized personnel. Nationalist voices online have also grown into a powerful unofficial force policing speech across Chinese social media. Liang, who deemed the state-building talk “bold,” said he loves these academic pub sessions but suspects they will eventually face restriction.

Persons: Hong Kong CNN —, Liang Xiao, urbanites, Liang, ”, …, Lei Ya, Cinnamon Wu, Wu, Jerry Zhang, “ It’s, ” Wu, Zhang, Jerry Zhang Elephant, China’s, They’ve, Lei, Kang Siqin, Kang, ” Kang Organizations: Hong Kong CNN, American, Guangzhou –, Harvard University, CNN, ” University, Communist Party, Chinese University of Hong Locations: Hong Kong, Shanghai, China, “, China’s, Beijing, Guangzhou, West, Britain, ”, Chinese University of Hong Kong, Shenzhen

☆ U.S. cyberspace and digital ambassador discusses election security
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. cyberspace and digital ambassador discusses election securityNathaniel Fick, U.S. ambassador at large for cyberspace and digital policy, discusses cyber risks and security for the upcoming U.S. elections.

Persons: Nathaniel Fick

☆ Tech is 'increasingly foundational' to a country's global influence: US Ambassador at Large
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech is 'increasingly foundational' to a country's global influence: US Ambassador at LargeNathaniel Fick, U.S. Ambassador at Large for Cyberspace & Digital Policy, talks about cybersecurity and growing risks in the age of generative AI.

Persons: Nathaniel Fick Organizations: Tech, Cyberspace, Digital

☆ Myanmar’s internet freedom is now as bad as China’s, report finds
▼ + stars: | 2024-10-17 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

CNN —For the past decade, China has consistently ranked last in the world for internet freedom due to its all-pervading online surveillance and content control system dubbed the “Great Firewall.”But a new report out Wednesday shows that internet freedoms in China’s neighbor Myanmar are now just as lacking. The report from Freedom House, a US government-funded NGO, found that global internet freedom has declined for the 14th consecutive year. In a record 43 countries, people were physically attacked or killed in retaliation for their online activities, the report found. The Central Asian nation Kyrgyzstan showed the biggest drop in internet freedoms, according to the report, as President Sadyr Japarov ramped up efforts to silence digital media and suppress online organizing. The report also covers online disinformation campaigns and political interference in the run-up to elections, including harassment of independent researchers and fact checkers.

Persons: ”, Mao Ning, Sadyr Japarov, Kloop, “ Organizations: CNN, Freedom, Trust, United Nations, UN, China’s Ministry of Foreign Affairs, ”, Central, US Locations: China, China’s, Myanmar, Central Asian, Kyrgyzstan, Iceland, United States, ’

☆ Intel is a security risk for China, says influential industry group
▼ + stars: | 2024-10-16 | by ( ) edition.cnn.com time to read: +3 min

Beijing Reuters —Intel products sold in China should be subject to a security review, the Cybersecurity Association of China (CSAC) said on Wednesday, alleging the US chipmaker has “constantly harmed” the country’s national security and interests. “It is recommended that a network security review is initiated on the products Intel sells in China, so as to effectively safeguard China’s national security and the legitimate rights and interests of Chinese consumers,” CSAC said. Last year, CAC barred domestic operators of key infrastructure from buying products made by US memory chipmaker Micron Technology Inc (MU) after deeming the company’s products as having failed its network security review. A similar security review on Intel products could negatively impact the company’s revenues, over a quarter of which came from China last year. “This poses a great security threat to the critical information infrastructures of countries all over the world, including China … the use of Intel products poses a serious risk to national security,” CSAC said.

Persons: ” CSAC, ”, Dan Coatsworth, AJ Bell Organizations: Beijing Reuters, Intel, Cybersecurity Association of China, Cyberspace Administration of China, CAC, Micron Technology Inc, Washington, US National Security Agency, NSA, Nvidia Locations: Beijing, China

☆ Wireless device explosions latest in suspected Israeli ‘black ops’
▼ + stars: | 2024-09-19 | by ( Christian Edwards | ) edition.cnn.com time to read: +6 min

Almost exactly 24 hours later, walkie-talkies detonated in a fresh wave of explosions Wednesday across Lebanon, a security source told CNN. In response, Israel launched “Operation Wrath of God” and spent years tracking down those involved in the Munich Massacre. Mahmoud Zayat/AFP/Getty ImagesIranian nuclear scientistsSince 2010, five Iranian nuclear scientists have been killed in foreign-linked assassinations, as Israel tries to prevent its greatest adversary from developing nuclear weapons. Iranian officials said the weapon had used artificial intelligence and facial recognition to detect Fakhrizadeh and open fire, before the car, reportedly packed with explosives, self-destructed. Top Iranian officials blamed Israel for the assassination.

Persons: Israel, God ”, Mahmoud Hamshari, –, ’, Yahya Ayyash, ”, Ayyash, Mahmoud Zayat, Moshe Ya’alon, Der Spiegel, “, Stuxnet, Mohsen Fakhrizadeh, Mohsen Fakhrizadeh's, David Kennedy, ” Kennedy, Ismail Haniyeh Organizations: CNN, Hezbollah, Munich, Palestine Liberation Organization, PLO, Firefighters, Getty, Israeli, ”, Military, Iranian Defense Ministry, US National Security Agency, The New York Times Locations: Lebanon, Iran, Munich, Palestinian, Palestine, Paris, Italian, Gaza, Saida, AFP, United States, Iranian, Bushehr, Israel, Tehran, Nissan

☆ FBI says it has disrupted major Chinese hacking operation that threatened US critical infrastructure
▼ + stars: | 2024-09-18 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +4 min

As of June, the botnet included over 260,000 hacked devices from all over the world, from North and South America to Australia, according to US officials. Those hacked devices ranged from webcams to DVRs to routers, and about half of them were located in the US, according to Wray. That Chinese hacking unit is preparing to “wreak havoc and cause real-world harm” to the US, Wray told Congress in January. Lumen researchers are watching for signs that the Chinese hackers will resurrect the botnet. A Chinese company named Integrity Technology Group managed the botnet for the last three years, according to US officials.

Persons: Christopher Wray, ” Wray, Wray, ”, “, Lumen, ” Danny Adamitis, Dakota Cary Organizations: CNN, FBI, Aspen Cyber, US, Embassy, Lumen Technologies, Lotus Labs, Integrity Technology Group Locations: Washington ,, Australia, Canada, New Zealand, United Kingdom, North, South America, Washington, China, Taiwan, California, United States, Dakota

Nearly two weeks have passed and no large-scale response has materialized, leaving Israel and the wider Middle East on edge. But Mr. Haniyeh’s killing was seen as the greater blow to Tehran because it took place on Iranian soil. “Israel has checkmated Iran in this situation because Iran is left with no good options,” said Mr. Vaez. What could an Iranian response look like? U.S. and Israeli diplomats and security officials had some advanced knowledge of its scope and intensity of Iran’s attack in April, which facilitated defensive preparations.

Persons: Ismail Haniyeh, Masoud, Israel, Fuad Shukr, Haniyeh’s, Ayatollah Ali Khamenei, analystsexperts, Nasser Kanaan, Sanam Vakil, Pezeshkian, Vakil, Ms, Ali Vaez, Vaez, “ Israel, ”, Benjamin Netanyahu, “, Keir Starmer, Nasser Kanani, Jordan, Mr, Haniyeh, Lloyd J, Austin III, Biden Organizations: Iran’s Foreign Ministry, Chatham House, Crisis, Diplomats, of Islamic Cooperation, United, Hamas Locations: Iran, Tehran, Israel, Masoud Pezeshkian, Beirut, Lebanon, Golan, East, London, Yemen, Western, Iranian, United States, Gaza, Britain, France, Germany, Italy, Saudi Arabia

Nearly two weeks have passed and no large-scale response has materialized, leaving Israel and the wider Middle East on edge. Iran, which backs Hamas, blamed Israel for the assassination, but Israeli leaders have not said their forces were responsible. What could an Iranian response look like? U.S. and Israeli diplomats and security officials had some advanced knowledge of its scope and intensity of Iran’s attack in April, which facilitated defensive preparations. The foreign minister of Jordan, an ally of the United States, has traveled to Tehran in recent days for meetings.

Persons: Ismail Haniyeh, Masoud, Israel, Fuad Shukr, Haniyeh’s, Ayatollah Ali Khamenei, Nasser Kanaan, Sanam Vakil, Pezeshkian, Vakil, Ms, Ali Vaez, Vaez, “ Israel, ”, Benjamin Netanyahu, “, Jordan, Mr, Haniyeh, Lloyd J, Austin III, Biden Organizations: Iran’s Foreign Ministry, Chatham House, Crisis, Diplomats, of Islamic Cooperation, United, Hamas Locations: Iran, Tehran, Israel, Masoud Pezeshkian, Beirut, Lebanon, Golan, East, London, Yemen, Iranian, United States, Gaza, Saudi Arabia

It’s hard to be anonymous online in China. Websites and apps must verify users with their phone numbers, which are tied to personal identification numbers that all adults are assigned. Now it could get more difficult under a proposal by China’s internet regulators: The government wants to take over the job of verification from the companies and give people a single ID to use across the internet. The Ministry of Public Security and the Cyberspace Administration of China say the proposal is meant to protect privacy and prevent online fraud. A national internet ID would reduce “the excessive collection and retention of citizens’ personal information by internet platforms on the grounds of implementing real-name registration,” the regulators said.

Organizations: of Public Security, Cyberspace Administration, China Locations: China

☆ Hackers are already taking advantage of the CrowdStrike outage chaos
▼ + stars: | 2024-07-22 | by ( Brian Fung | Sean Lyngaas | ) edition.cnn.com time to read: +6 min

CrowdStrike has issued its own guidance on what affected organizations can do in response to the issue. One example of that has been targeting Spanish-speaking CrowdStrike customers, the company said in a separate blog post. When opened, the file installs malicious software that phones home to a server the hackers control and may use to give additional instructions to the malware. “CrowdStrike Intelligence recommends that organizations ensure they are communicating with CrowdStrike representatives through official channels and they adhere to technical guidance the CrowdStrike support teams have provided,” the company said. “Bad actors routinely try to take advantage of current events, so it’s not all surprising to see them attempting to take advantage of this one,” Callow said.

Persons: CNN —, ”, CrowdStrike, Kenn White, “, cybercriminals, Lina Khan, Azim Khodjibaev, Brett Callow, ” Callow Organizations: CNN, Department of Homeland Security, Infrastructure Security Agency, CrowdStrike Intelligence, Federal Trade Commission, Internal Revenue Service, Social Security Administration, FTC, Cisco, FTI Consulting

☆ Socialist AI: Chinese regulators are reviewing GenAI models for 'core socialist values,' FT reports
▼ + stars: | 2024-07-18 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

AI companies in China are undergoing a government review of their large language models, aimed at ensuring they "embody core socialist values," according to a report by the Financial Times. The review is being carried out by the Cyberspace Administration of China (CAC), the government's chief internet regulator, and will cover players across the spectrum, from tech giants like ByteDance and Alibaba to small startups. AI models will be tested by local CAC officials for their responses to a variety of questions, many related to politically sensitive topics and Chinese President Xi Jinping, FT said. An anonymous source from a Hangzhou-based AI company who spoke with the FT said that their model didn't pass the first round of testing for unclear reasons. They only passed the second time after months of "guessing and adjusting," they said in the report.

Persons: Xi Jinping Organizations: Financial Times, Cyberspace Administration of China, CAC, U.S Locations: China, Hangzhou, Beijing

☆ Opinion | Stay or Go? The Biden Storm Rages.
▼ + stars: | 2024-07-09 | by ( ) www.nytimes.com time to read: +1 min

He also refuses to see that many people in America are dissatisfied, despite all that he feels he has done for them. The toxic swamp of lies and anger that breeds populism may drag him down, and all of us with him. Most Democrats will vote for him ultimately if he is the nominee. I fear that Mr. Biden and his defenders are making the same assumptions about Americans that tripped up Hillary Clinton’s campaign. They think that everyone should vote for them because they are right and good, and refuse to acknowledge a huge swath of the voting public that is (rightly or wrongly) turned off.

Persons: Biden, Hillary Clinton’s Organizations: Democratic Locations: America

☆ Russian spies only need $3 a month to dupe someone online: report
▼ + stars: | 2024-07-05 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

According to the report, one of the operations in Project Kylo would have cost the Russian spies around $3 a month to manipulate one Western internet user. "It is precisely the fear for the future, uncertainty about tomorrow, the inability to make long-term plans, the unclear fate of children and future generations," the document read. And the number of Russian spies in the West is now estimated to be at the highest it has been in decades. Russian spy activities "are as high or even higher than during the Cold War," a Western intelligence officer told The Financial Times in March. AdvertisementGerman newspaper Welt am Sonntag reported in April 2023 that Russian spies have used Tinder to target German politicians and soldiers in a bid to obtain intelligence related to the Ukraine war.

Persons: —, Der, Der Spiegel, Victor Muller, Sonntag Organizations: Service, The, Der Spiegel, Business, SVR, Der, Criminal, Financial Times, Welt Locations: Ukraine, Germany, Russian, The Hague, West

☆ It took a messy school bus stabbing for China to finally do something about extreme nationalism on social media
▼ + stars: | 2024-07-03 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewIt's no secret that people on Chinese social media dislike Japan. A whirlwind of emotion and debate ensued on social media. As the two narratives intertwined, Chinese social media companies intervened in lockstep. AdvertisementThough China's social media is heavily moderated, anti-Japanese rhetoric has been one of several popular nationalistic sentiments allowed to flourish in recent years. But social media firms in the country react sensitively to what the state deems acceptable, often simultaneously issuing announcements about undesirable posts.

Persons: —, stoked, Hu Youping, Zhou, he'd, Hu, Douyin, Nancy Pelosi's, Lifeng Organizations: Service, Business, Tech, Facebook, Twitter, China Morning Post Locations: Japan, Nanking, Suzhou, lockstep, Japanese, Weibo, Taiwan, China, Tokyo, China's Jiangsu

☆ The stock market is having its best election year ever
▼ + stars: | 2024-06-24 | by ( Nicole Goodkind | Matt Egan | ) edition.cnn.com time to read: +9 min

The S&P 500 alone has generated an average return of 7% during presidential election years since 1952, according to LPL Financial. If you limit that to election years in which the incumbent president is running for reelection, the average jumps to 12.2%. Yes, but: Market volatility in an election year tends to pick up in October and there are many months left in this cycle with potential surprises to come. “An autumn pullback fits well time wise with potential downside earnings revisions, make-or-break decision time for the Fed, and election uncertainty. The first round of the French election will be held on June 30, with a second round on July 7.

Persons: Goldman Sachs —, Ed Clissold, Ned Davis, they’re, It’s, Goldman Sachs ’ Scott Rubner, “, ”, Mark Hackett, Scott Chronert, Goldman Sachs, Joe Biden, Donald Trump, Jim Reid, There’s, Emmanuel Macron, Katie Nixon, Chris Isidore ., they’ve, Samantha Murphy Kelly, ChatGPT —, Siri —, OpenAI, Siri, ChatGPT, hasn’t, — Organizations: London CNN — Traders, Investors, White, Ned, Ned Davis Research, Nasdaq, Citigroup, Goldman, Barclays, Deutsche Bank, UBS, Deutsche, Fed, United, Labour Party, Renaissance, Northern Trust Wealth Management, Alaska Airlines, Alaska —, Southwest —, Southwest, Railway Labor, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, Wall, IDC Locations: United States, France, “, Alaska, China

☆ America’s housing crisis continues to worsen
▼ + stars: | 2024-06-23 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington CNN —Homeowners in America aren’t the only ones struggling with an unaffordable housing market. A report from Harvard University’s Joint Center for Housing Studies released last week showed that both homeowners and renters in recent years have become increasingly burdened by climbing housing costs. That’s all part of a broader struggle in the US housing market, and recent data shows that it hasn’t gotten any better. But there’s a problem: ChatGPT — soon to be integrated into Siri — is banned in China, reports my colleague Samantha Murphy Kelly. The Chicago Fed releases its National Activity Index for May.

Persons: ” Lael Brainard, ”, “, Brainard, Biden, ” Brainard, ChatGPT —, Siri —, Samantha Murphy Kelly, OpenAI, Siri, ChatGPT, Read, Christopher Waller, Lisa Cook, Michelle Bowman, General Mills, Levi Strauss, Tom Barkin Organizations: CNN Business, Bell, Washington CNN — Homeowners, America aren’t, Harvard University’s, for Housing Studies, Harvard, “, White, Economic Council, Urban Institute, Administration, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, FedEx, Chicago Fed, Global, Index, Board, Micron, General, US Commerce Department, Federal Reserve, Nike, McCormick, Walgreens, US Labor Department, National Association of Realtors, Richmond Fed, University of Michigan Locations: Washington, America, Congress, China

☆ Apple’s new China problem: ChatGPT is banned there
▼ + stars: | 2024-06-21 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +4 min

CNN —Apple is banking on its upcoming AI features to boost iPhone sales especially in China, where demand has been lagging. But there’s a problem: ChatGPT — soon to be integrated into Siri — is banned in China. But China is one of the first countries in the world to regulate the generative AI technology that powers these popular services. Resurgent competitorsMeanwhile, Chinese smartphone brand Huawei’s smartphone sales growth was 70% in the first quarter, according to Counterpoint Research. In other parts of the world, Samsung uses its own propriety AI technology, along with Google’s (GOOGL) AI model Gemini, which is also banned in China.

Persons: ChatGPT —, Siri —, OpenAI, Siri, ChatGPT, hasn’t, —, ”, Nabila Popal, ” Popal, what’s, Reece Hayden, Apple wouldn’t, Jeff Fieldhack, they’d Organizations: CNN, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, Wall, IDC, Research, IDC Research, ABI Research, China, Baidu Locations: China

☆ In 'Operation Endgame,' global law enforcement teamed up in their biggest battle against hackers. It's a start.
▼ + stars: | 2024-06-19 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. 'Largest ever operation against botnets'Europol called the sting the "largest ever operation against botnets, which play a major role in the deployment of ransomware." As part of the operation, the law enforcement agencies shut down at least four malware groups or "droppers" known as "IcedID," "Smokeloader," "Pikabot," and "Bumblebee." Mitrano said "Operation Endgame," is a "very important first step, but we have to keep going." AdvertisementThe "biggest problem" in the malware world, according to Holt, is that there is always a different iteration of malware on the horizon.

Persons: —, Adam Wandt, John Jay, botnets, Europol, Christopher Wray, alarmingly, Wandt, Ransomware, Tracy Beth Mitrano, it's, Mitrano, Thomas Holt, cybercrime, Holt, Cybercriminals, Wray, borderless cybercrime Organizations: Service, Business, European Union, FBI, cybercrime, New, John, John Jay College of Criminal, botnets, Cornell University, of Criminal Justice, Michigan State University Locations: Ukraine, Armenia, Europe, cryptocurrency, United States, Holt, ransomware

☆ China, Xi Jinping's Plan for AI Will Wreak Havoc on the World Economy
▼ + stars: | 2024-06-02 | by ( Linette Lopez | ) www.businessinsider.com time to read: +18 min

According to the CCP's plan, by 2020, China was supposed to have "achieved iconic advances in AI models and methods, core devices, high-end equipment, and foundational software." Censorship requirements may slow China's AI development and limit the commercialization of domestic models, but they will not stop Beijing from benefiting from AI where it sees fit. We're not seeing a huge gap between the models Chinese companies have been able to roll out. The current price war is a race to the bottom, similar to what we've seen in the Chinese technology space before. A race to the bottom may simply beggar China's AI ecosystem.

Persons: Xi Jinping, China doesn't, there's, Beijing's, Reva Goujon, We're, It's, ChatGPT, Xie Huanchi, couldn't, you'll, —, Kenneth DeWoskin, it's, Matt Sheehan, they're, chatbot, Sheehan, Ernie Bot, There's, Alibaba, ByteDance's, Paul Triolo, Albright, we've, haven't, DeWoskin, Sam Altman, Elon Musk Organizations: Chinese Communist Party, CCP, Intelligence, Cyberspace Administration, Getty, Freedom, University of Michigan, Deloitte, CAC, Carnegie Endowment, International Peace, Baidu, Bloomberg, Companies, Brookings Institution, Beijing, The Commerce Department Locations: China, Beijing, China's, Hong Kong, Xinhua, , Washington, Brussels, Berlin, Taiwan, US, Xinjiang

☆ Wealthy Chinese influencers are being banned from social media for flaunting lavish lifestyles
▼ + stars: | 2024-05-27 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

China is banning social media influencers for flaunting lavish lifestyles and promoting materialism. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFlaunting a lavish lifestyle to promote materialism can get you thrown off social media in China. Since April, China has been busy cracking down on influencers who promote ostentatious lifestyles as a means of gaining profit. China's internet regulator, Cyberspace Administration of China, launched a campaign last month to discourage social media users from "deliberately showcasing a lavish lifestyle built on wealth," the Financial Times reported.

Persons: China's Kim Kardashian, — Organizations: Cyberspace Administration of China, Financial Times, Service, Cyberspace Administration, Business Locations: China

☆ China wants its nepo-baby and get-rich-quick influencers gone
▼ + stars: | 2024-05-24 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

China's biggest social media platforms launched a synchronized crackdown on parading wealth last week, removing thousands of posts and punishing dozens of influencers for promoting "bad values." Showing luxury services or goods to exaggerate how one can earn "millions in a month," achieve financial independence or start a lucrative business from scratch. Xu claimed that the barred influencers grew their fame by "showing off their wealth" and, in turn, became rich by selling products on livestreams. AdvertisementMore recently, common prosperity has evolved into a crackdown on "excessive wealth," with the central government stepping up regulations on private industry giants and wealthy families. Beijing seems to have toned down its rhetoric of common prosperity as its economy struggled in the post-COVID era.

Persons: —, Xu Qiuying, Xu, Xi Jinping, laud Organizations: Service, Business, Twitter, Weibo, Beijing, Central Cyberspace Affairs Commission, China's Locations: China, Weibo, Xiaohongshu, Beijing

☆ Didi co-founder Liu steps down after decade at the helm of Chinese ride-hailing company
▼ + stars: | 2024-05-20 | by ( ) www.cnbc.com time to read: +2 min

Didi Global, the Chinese ride-hailing company, must face a lawsuit in a U.S. court claiming it defrauded investors by concealing and disobeying a Chinese government order to postpone its 2021 initial public offering until it resolved cybersecurity and privacy concerns. Didi Global 's co-founder Jean Liu has stepped down from her roles as president and board director of China's biggest ride-hailing firm to take on a new role, according to an internal company memo. Didi, which is seen as China's answer to Uber but has faced prolonged regulatory scrutiny, will no longer have a position of president, it said in the memo seen by Reuters. The company was penalized with a $1.2 billion fine in July 2022 over data security violations. Didi began to recover from its regulatory challenges in early 2023 when it received permission to relaunch its apps.

Persons: Didi Global, Jean Liu, Didi, Liu, Goldman Sachs, Will Cheng, Liu Chuanzhi Organizations: Reuters, Lenovo, Alibaba, Uber, Apple, U.S Locations: U.S, China

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