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China drafts rules for using facial recognition technology
  + stars: | 2023-08-08 | by ( ) www.reuters.com   time to read: +1 min
FILE PHOTO-A sign above an office of the Cyberspace Administration of China (CAC) is seen in Beijing, China July 8, 2021. REUTERS/Thomas Peter/File PhotoBEIJING, Aug 8 (Reuters) - China's cyberspace regulator said on Tuesday it has issued draft rules to oversee the security management of facial recognition technology in the country. It said facial recognition technology can only be used to process facial information when there is a specific purpose and sufficient necessity, and with strict protective measures. The use of the technology will also require individual's consent, the Cyberspace Administration of China said in a statement. If there are other non-biometric identification technology solutions available that can achieve the same purpose or meet equivalent business requirements, priority should be given to selecting that non-biometric identification technology solution, it said.
Persons: Thomas Peter, Liz Lee, Jacqueline Wong Organizations: Cyberspace Administration of China, REUTERS, Cyberspace Administration, Beijing, Thomson Locations: Beijing, China, BEIJING
A man walks past an office of the Cyberspace Administration of China (CAC) in Beijing, China July 8, 2021. The appointed compliance agency must also evaluate services that own the data of more than 100,000 users, or those with sensitive data of more than 10,000 users, the CAC said. Services that hold data of fewer than 1 million users must undergo a personal information compliance check at least once every two years, the CAC said. China has in recent years tightened controls on data and information, especially data and information that flows abroad. The CAC last year required platform companies with data on more than 1 million users to undergo a security review before listing their shares overseas.
Persons: Thomas Peter BEIJING, Albee Zhang, Brenda Goh, Robert Birsel Organizations: Cyberspace Administration of China, CAC, REUTERS, Services, Thomson Locations: Beijing, China
Children under eight would be able to use their phones for only 40 minutes a day, while those between eight and 16 would get an hour of screen time. “On the other hand, it’s easier for us parents to control our kids screen time,” she said. China has one of the world’s largest internet user bases, with roughly 1.07 billion people in the country of 1.4 billion having access to the web, according to the China Internet Network Information Center. The regulation could be useful to “help parents to supervise the children” and limit screen time. Impact on tech firmsThe new measures could present challenges for tech companies, which are typically held responsible for enforcing regulations.
Persons: , , Kuaishou Organizations: Hong Kong CNN, Cyberspace Administration, , Mobile, CNN, China Internet Network Information, Apple, Huawei Locations: Hong Kong, China, Beijing, China’s Zhejiang, China’s Zhuhai, Weibo, lockstep
Those between the ages of eight and 16 would be limited to using them for just one hour a day. China could restrict teenagers to using their phones for just one hour a day, under draft rules proposed by the country's cyberspace regulator. The Cyberspace Administration of China announced potential guidelines on Wednesday that include limits seeking to prevent "the problem of minors' internet addiction." That would also prevent children from using their phones between 10 p.m. and 6 a.m., except for education products and emergency services. The CAC's proposed rules are currently open for public consultation.
Persons: it's, Tencent Organizations: Cyberspace Administration, China Locations: China
Youngsters check mobile phones during a dinner time at a cafeteria in Shanghai, China September 3, 2021. Users aged 16 to 18 would be allowed two hours a day, children aged eight to 16 would get one hour while children under eight would be allowed just eight minutes. But the CAC said service providers should allow parents to opt out of the time limits for their youngsters. Xia Hailong, a lawyer at the Shanghai Shenlun law firm, said the rules would be a headache for the internet companies. The proposed rules come after signals from Beijing that a years-long regulatory crackdown on its technology industry has ended.
Persons: Aly, Hong Kong, Xia Hailong, ByteDance's, Josh Ye, Liz Lee, Jacqueline Wong, Robert Birsel Organizations: REUTERS, Cyberspace Administration of China, CAC, HK, Tencent Holdings, Authorities, Thomson Locations: Shanghai, China, Hong, Hong Kong, Beijing
The powerful Cyberspace Administration of China proposed rules that would limit the screen time of children aged under 18 years old. Chinese regulators have proposed rules that would limit the smartphone screen time of people under the age of 18 to a maximum of two hours per day. The radical draft rules laid out by the increasingly powerful Cyberspace Administration of China (CAC) highlight Beijing's desire to exert control over more parts of the country's digital life. In 2021, China introduced regulation that restricted teens under 18 years of age from playing online video games for more than three hours per week. The CAC warned online firms not to provide services that induce addiction or are detrimental to the physical and mental healthy of kids.
Organizations: Cyberspace Administration, Administration of China, CAC, China's Locations: China
BEIJING, Aug 2 (Reuters) - China's cyberspace regulator said on Wednesday it has drafted guidelines to strengthen limits around use of apps, smart terminals and app stores by minors. The regulator set a deadline for public feedback on the guidelines on Sept. 2. Reporting by Beijing newsroom; Writing by Liz Lee; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.
Persons: Liz Lee, Jacqueline Wong Organizations: Beijing, Thomson Locations: BEIJING
Aug 1 (Reuters) - An obscure cloud service company has been providing state-sponsored hackers with internet services to spy on and extort their victims, a cybersecurity firm said in a report to be published on Tuesday. Researchers at Texas-based Halcyon said a company called Cloudzy had been leasing server space and reselling it to no fewer than 17 different state-sponsored hacking groups from China, Russia, Iran, North Korea, India, Pakistan and Vietnam. Halcyon estimated that roughly half of Cloudzy’s business was malicious, including renting services to two ransomware groups. The cybersecurity firm CrowdStrike, which wasn’t involved in the research, said that it hadn’t seen state-sponsored hackers using Cloudzy. He said the company needed U.S. domicile to be able to register internet protocol addresses in America.
Persons: Halcyon, Cloudzy, Hannan Nozari, couldn’t, Nozari, , Ryan Golden, wasn’t, It’s, – CloudPeak, Sheridan –, Adam Meyers, , Christopher Bing, Cynthia Osterman Organizations: LinkedIn, Reuters, , Nozari, CrowdStrike, Thomson Locations: Texas, China, Russia, Iran, North Korea, India, Pakistan, Vietnam, Tehran, Nozari, Cyprus, U.S ., Wyoming, America, Sheridan
CNN —US officials are searching for Chinese malware hidden in various defense systems that could disrupt military communications and resupply operations, The New York Times reported Saturday. The administration believes malicious computer code has been hidden inside “networks controlling power grids, communications systems and water supplies that feed military bases,” officials told the Times. The discovery has heightened concerns that hackers could “disrupt US military operations in the event of a conflict,” according to the Times. One congressional official told the newspaper that the malware was “a ticking time bomb” that could allow China to cut off power, water and communications to military bases, slowing deployments and resupply operations. Because military bases often share the same supply infrastructure as civilian homes and businesses, many other Americans could also be affected, officials told the Times.
Persons: China Nicholas Burns, Biden, , Antony Blinken’s, Blinken Organizations: CNN, New York Times, Times, Microsoft, White House, State Department, Department of Commerce, FBI Locations: Taiwan, China, Beijing, Indonesia
“In the age of AI, where data is the new oil, China is the new Saudi Arabia”, venture capitalist Lee Kai-fu declared in 2018. Washington may soon tighten export restrictions to China by targeting AI semiconductors, according to the Wall Street Journal. A slowing economy and brutal price war in the fiercely competitive cloud market will only make monetising AI products harder. China’s AI moment has arrived, only with far less promise than initially hoped. China wants to become a world leader in AI by 2030, according to a 2017 roadmap released by the State Council.
Persons: Lee Kai, OpenAI's, Xi Jinping, Goldman Sachs, Robin Li, Baidu’s, Bernstein, SenseTime, Xi, Una Galani, Thomas Shum Organizations: Reuters, Saudi Arabia ”, OpenAI's ChatGPT, European Union, Baidu, HK, Nasdaq, Washington, Wall Street, Nvidia, AMD, Microsoft, CloudWalk Technology, Cyberspace Administration, China, State, Thomson Locations: HONG KONG, China, Republic, Saudi Arabia, United States, Beijing, York, Shanghai
The new cybersecurity rule will require companies to disclose a cyber breach within four days after determining it is serious enough to be material to investors. The rule would allow delays if the Justice Department deems them necessary to protect national security or police investigations, according to the SEC. The AI proposal, if issued by the commission, would require broker-dealers to "eliminate or neutralize" any conflict of interest that occurs if a trading platform's predictive data analytics puts the broker's financial interest ahead of that of the firm's clients. SEC Chair Gary Gensler had previewed the AI rule in recent weeks, noting the use of AI also posed a danger to financial stability. According to a regulatory agenda, the SEC is also planning to issue a similar proposal governing the use of AI by investment advisers.
Persons: Gary Gensler, Douglas Gillison, Chris Reese, Mark Porter Organizations: U.S . Securities, Exchange Commission, Justice Department, SEC, Companies, Investment, Thomson
CNN —China-based hackers breached the email account of US Ambassador to China Nicholas Burns as part of a recent targeted intelligence-gathering campaign, three US officials familiar with the matter told CNN. Blinken raised the issue of the hacking incident in a meeting with top Chinese diplomat Wang Yi last week, a senior State Department official said. A State Department analyst in mid-June noticed unusual cyber activity on the department’s computer systems and alerted Microsoft to the issue, according to multiple sources. Eric Goldstein, a senior CISA official, told CNN he fielded calls about the hack while on a weekend getaway out of Washington with his children. CISA’s engineers used a simulation lab to test different theories of how the hackers might have gotten into the State Department email accounts, he told CNN.
Persons: China Nicholas Burns, Daniel Kritenbrink, Antony Blinken, Gina Raimondo, Biden, Blinken, Wang Yi, Burns, , ” Blinken, Washington, Eric Goldstein, , Goldstein Organizations: CNN, State, Wall Street, FBI, State Department, Microsoft, Infrastructure Security Agency Locations: China, East Asia, Beijing, Blinken’s, United, Jakarta, Indonesia, Washington
HONG KONG, July 18 (Reuters) - China plans to appoint the CEO of state-owned telecoms giant China Unicom (0762.HK), (600050.SS), Liu Liehong, as the head of its new national data bureau, four sources said, putting him in charge of efforts to make the country a digital superpower. China announced plans for the data bureau in March as part of a sweeping government reshuffle. Its formation is part of efforts to achieve President Xi Jinping's vision of a "digital China", where data is managed alongside labour and capital as a key economic driver. China's internet regulator, the Cyberspace Administration of China (CAC), will also transfer some staff to the data bureau, said one source. "Whether Mr. Liu Liehong will take up any role in the National Data Bureau shall be subject to the decision of the PRC government," it added.
Persons: Liu Liehong, Liu, Xi, China Unicom, Julie Zhu, Kevin Huang, Jane Xu, Brenda Goh, Sam Holmes Organizations: HK, National Data Bureau, Reuters, China, Tech Development Department, Cyberspace Administration of China, CAC, Information Office, National, Bureau, China Electronics Technology Group Corporation, Ministry of Industry, Information Technology, Communist Party, Committee, Thomson Locations: HONG KONG, China, Hong Kong, Chengdu, Sichuan province
CNN —The bond and stock markets are finally seeing eye to eye when it comes to the Federal Reserve. Stocks and the 10-year Treasury’s real yield have begun moving inversely again, according to a research note from Morgan Stanley. That’s a reversal from earlier this year, when yields and stocks both moved higher. A concurrent rally both in bond yields and stocks is atypical. The Consumer Price Index report for June showed that annual inflation slowed to 3%, marking its lowest rate since March 2021.
Persons: Morgan Stanley, George Cipolloni, they’re, , Price, Michael Kushma, We’re, Laura He, Read, Goldman Sachs Organizations: CNN Business, Bell, CNN, Federal Reserve, Stocks, Valley Bank, Signature Bank, Penn Mutual Asset Management, Nasdaq, Cyberspace Administration, Financial Services, Bank of America, US Bancorp, Ally, American Express Locations: China
BEIJING, July 15 (Reuters) - Chinese President Xi Jinping said China must build a "solid" security barrier around its internet under the supervision of the ruling Communist Party, in his latest call to safeguard online data and information. In the past decade, Xi has made preserving security a priority, with his concept of security covering everything from politics and the economy to the environment and cyberspace. In 2015, China passed a national security law with a broader scope to include its cyberspace. A year later, a law was passed that contained requirements for security reviews and for data to be stored on servers in China. Navigating China's dense network of rules and laws on online data and information is not without risk for companies.
Persons: Xi Jinping, Xi, Didi, Ryan Woo, Christina Fincher Organizations: Communist Party, Xinhua, Bain, Co, Financial, Reuters, Beijing, Thomson Locations: BEIJING, China, Beijing, U.S, Shanghai, United States
China also urges platforms to “participate in the formulation of international rules and standards” related to generative AI, it said. Generative AI tools like ChatGPT have taken the world by storm. Generative AI refers to the technology that underpins platforms like ChatGPT. In the global race to build guardrails for how governments tap AI, China had gained a significant head start, US Senator Mark Warner warned last month. So far, Baidu, Alibaba and JD.com’s generative AI services are either in the trial stage or being tested by corporate users.
Persons: , Olivier Morin, Mark Warner, Organizations: Hong Kong CNN, Cyberspace Administration, Ant, Baidu, Getty, China, Politico’s Global Tech Summit ., ” Citi, National Development, Reform Commission Locations: Hong Kong, China, Beijing, AFP, United States
China issues temporary rules for generative AI services
  + stars: | 2023-07-13 | by ( Josh Ye | ) www.reuters.com   time to read: +1 min
HONG KONG, July 13 (Reuters) - China issued a set of interim measures on Thursday to manage the booming generative artificial intelligence (AI) industry, paving the way for Chinese tech companies to roll out AI services in the country. The success of ChatGPT, a wildly popular chatbot developed by the Microsoft-backed OpenAI (MSFT.O), ignited a generative AI frenzy in China and worldwide. The internet watchdog said that AI services offered in the country need to be in line with China's socialist values. It said that regulators will "formulate corresponding classification and grading regulatory rules or guidelines" based on different generative AI technologies' characteristics and use cases. It also added that industry organisations, firms and research institutes that develop and apply generative AI tech but do not provide it to the public will not be subject to the measures.
Persons: Josh Ye, Himani Sarkar, Kim Coghill Organizations: Cyberspace Administration, Microsoft, Thomson Locations: HONG KONG, China
The hack – which Microsoft said was launched in mid-May – was discovered by the State Department right around the time of Blinken’s visit to Beijing, officials said. Still, it provided the Chinese government with additional knowledge from the private discussions of US officials heading into Blinken’s visit. Another target of the hack, Commerce Secretary Gina Raimondo is also expected to soon visit China. Blinken “raised” the issue of the hack in a meeting with top Chinese official Wang Yi in Indonesia on Thursday, a senior State Department official said. On Wednesday State Department Spokesperson Matt Miller said that the department had “detected anomalous activity” in June.
Persons: CNN —, Biden, Antony Blinken’s, , Edward Snowden, Charlie Bell, Blinken, Gina Raimondo, Blinken “, Wang Yi, , Wang, Matt Miller, ” Miller Organizations: CNN, State Department, Microsoft, FBI, National Security Agency, NSA, The State Department, Wednesday State Locations: Beijing, China, Blinken’s, Indonesia
Chinese regulators on Thursday finalized first-of-its-kind rules governing generative artificial intelligence as the country looks to ramp up oversight of the rapidly-growing technology. The powerful Cyberspace Administration of China (CAC) said it worked with several other regulators to come up with the new regulation that will come into effect on Aug. 15. Generative AI is a fast-growing area of technology in which artificial intelligence services are able to generate content such as text or images. ChatGPT, developed by U.S. firm OpenAI, is the most well-known example and allows users to prompt the chatbot and receive replies to queries.
Organizations: Cyberspace Administration of China, U.S
CNN —China-based hackers have breached email accounts at two-dozen organizations, including some United States government agencies, in an apparent spying campaign aimed at acquiring sensitive information, according to statements from Microsoft and the White House late Tuesday. “Officials immediately contacted Microsoft to find the source and vulnerability in their cloud service,” Hodge said. The Chinese Embassy in Washington, D.C., did not immediately respond to a request for comment early Wednesday on the Microsoft findings. The hacking began in mid-May, when the China-based hackers used a stolen sign-in key to burrow their way into email accounts, according to Microsoft. The tech giant has since blocked the hackers from accessing customer emails using that technique, Microsoft said late Tuesday.
Persons: Adam Hodge, ” Hodge, Organizations: CNN, Microsoft, House, National Security, , Government, FBI, Embassy, Washington , D.C Locations: China, States, Beijing, Washington ,
July 11 (Reuters) - The Cyberspace Administration of China aims to create a system that will force companies to gain a licence before they can release generative artificial intelligence systems, the Financial Times said on Tuesday, citing people close to regulators. Reporting by Lavanya Ahire in Bengaluru; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.
Persons: Lavanya, Muralikumar Organizations: Cyberspace Administration, China, Financial Times, Thomson Locations: Bengaluru
Here are five stocks chosen by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. In line with his investment thesis, Setyan reaffirmed a buy rating on the stock with a price target of $123. He explained that his price target reflects a premium valuation, which is "appropriate given our expectation of accelerating market share gains within casual dining for the foreseeable future." Feinseth reaffirmed a buy rating on CCL and boosted his price target to $23 from $13. Accordingly, he reiterated a buy rating and increased the price target to $490 from $365.
Persons: Sanjay Mehrotra, Micron Scott, Wall, Goldman Sachs, Toshiya Hari, Micron's, Hari, Nick Setyan, Setyan, Ivan Feinseth, Feinseth Organizations: Micron, Micron Scott Mlyn, CNBC, Nasdaq, Cyberspace Administration, Tigress, CCL Locations: China, TipRanks, Texas, MDB
WASHINGTON, July 6 (Reuters) - The U.S. Senate Commerce Committee plans to vote next week on President Joe Biden's nominee for a key fifth seat on the U.S. Federal Communications Commission (FCC). In July 2021, Biden signed an executive order encouraging the FCC to reinstate net neutrality rules adopted under Democratic then-President Barack Obama in 2015. Biden's first nominee for the open seat, former FCC official Gigi Sohn, withdrew in March after three hearings. The FCC has raised mounting concerns about Chinese telecom companies which had won permission to operate in the United States decades ago. In 2019, the FCC voted to deny state-owned Chinese telecom firm China Mobile Ltd (0941.HK) the right to provide U.S. services and later withdrew U.S. authorizations for several other Chinese telecom carriers, including China Telecom Corp (0728.HK).
Persons: Joe Biden's, Anna Gomez, Gomez, Brendan Carr, Geoffrey Starks, Donald Trump, Biden, Barack Obama, Biden's, Gigi Sohn, Sohn, David Shepardson Organizations: U.S, Senate, U.S . Federal Communications Commission, Democratic, State Department's Bureau, Cyberspace, Digital, Radio Conference, FCC, Republican, China Mobile Ltd, HK, China Telecom Corp, Thomson Locations: U.S, United States, United
Goldman Sachs reiterates Micron as buy Goldman said it's standing by its buy rating on the chipmaker after its earnings report Wednesday. JPMorgan reiterates Amazon as overweight JPMorgan said it's bullish heading into Amazon Prime Day in July. Bank of America reiterates Nvidia as buy Bank of America said it sees "AI networking upside" after a meeting with company management. Piper Sandler initiates TJX Companies as overweight Piper said the discount retailer is a top idea for the second half. Deutsche Bank reiterates Pentair as buy Deutsche Bank said Pentair is more than just a pool company.
Persons: Morgan Stanley, Freyr, Goldman Sachs, Goldman, China —, it's, Collette Kress, Networking Gilad Shainer, NVDA, OSK, Piper Sandler, Piper, KeyBanc, Pentair, Oppenheimer Organizations: Micron, Cyberspace Administration, JPMorgan, Amazon, " Bank of America, Nvidia, Bank of America, Networking, TAM, JPMorgan downgrades, Citizens, 2Q, Citi, Netflix Citi, Netflix, UBS, Warner Music, Deutsche Bank, Oshkosh Deutsche Bank, TJX Companies, DIS, Suisse, Pfizer, Credit Suisse, pharma, Spotify, FV Locations: China, 3Q22
U.S. banks go 23 for 23, passing this year's Fed's stress test, including Club names Wells Fargo (WFC) and Morgan Stanley (MS). KeyBanc downgrades Club name Disney (DIS) to sector weight from overweight (hold from buy) without a price target. Piper upgrades to neutral from underweight (hold from sell), Bank of America increases price target to $76 per share from $68. Piper Sandler initiates coverage on the off-price retailers, starting Club holding TJX Companies (TJX) with a buy-equivalent overweight rating and a $110-per-share price target. Cuts price target to $40 per share from $47.
Persons: Premarket, Wells, Morgan Stanley, KeyBanc, Sanjay Mehrotra, McCormick, Piper Sandler, Piper, Eli Lilly, Warren Buffett's Berkshire, Jim Cramer's, Jim Cramer, Jim Organizations: Dow, Nasdaq, Citi, Disney, Micron, Bank of America, Netflix, TJX Companies, Marshalls, Ross Stores, Burlington Stores, Pfizer, Credit Suisse, Occidental Petroleum, Warren, Warren Buffett's Berkshire Hathaway, Berkshire, Energy, Halliburton, HAL, JPMorgan, Jim Cramer's Charitable, CNBC Locations: Big, Maxx, HomeGoods
Total: 25