OpenAI CEO calls for global cooperation on AI regulation, says ‘China has some of the best AI talent in the world’

 

Sam Altman, the CEO of OpenAI (right), delivers an online speech at the conference held by the Beijing Academy of Artificial Intelligence in Beijing on June 10, 2023. Photo: Shen Weiduo/GT

OpenAI's CEO calls on China to help shape AI safety .

OpenAI's CEO Altman Calls on China to Help Shape AI ...

Sam Altman, the CEO of OpenAI, has called for a global cooperation in setting up the regulatory guardrails for powerful artificial intelligence (AI) systems at an industry forum held in Beijing on Saturday, noting that China can play a significant role with some of its "best AI talent in the world."

"China has some of the best AI talent in the world... given the difficulties solving alignment for advanced AI systems requires the best minds from around the world," Altman said at an industry forum hosted by the Beijing Academy of Artificial Intelligence （BAAI） on Saturday.

Altman predicted that in the next decade, artificial general intelligence systems, commonly called AGI, may surpass human expertise "in nearly every domain," and could eventually exceed the collective productivity of some of the largest companies.

"The potential upside here isn't one. AI revolution will create shared wealth and make it possible to dramatically improve the standard of living for everyone. We must manage the risk together in order to get there," Altman said.

At present, a new round of AI boom triggered by ChatGPT is sweeping the world including China. While people have been thrilled for the productivity improvement that AI can bring, they are increasingly aware of the huge risks, with governments slowly stepping in to harness the powerful yet dangerous tool. 

In May, hundreds of industry leaders, including Altman himself, have signed a letter warning that "mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war." Altman made a point to reference the IAEA, the United Nations nuclear watchdog, as an example of how the world came together to oversee nuclear power.

"We need international cooperation to build global trust in the safe development of increasingly powerful AI systems. In a verifiable way, I have no illusions that this will be easy. We will need to devote significant and sustained attention as an international community to get this right," Altman said.

In a possible indication to the current geopolitical conflict's impact on the global AI cooperation, Altman noted that "great powers may have their share of differences." This is true today, as it has been before. But even during the most difficult times, great powers have found ways to cooperate on what matters. "We see great potential for researchers in the US, China, and around the world to work together to achieve the shared goal."

Altman used an ancient Chinese proverb, "a journey of a thousand miles begins with a single step," in describing how the world should start on the difficult but necessary cooperation.

In talking about the next frontier that OpenAI is engaging on in a later Q&A session, Altman said OpenAI is discussing about opening source more models in the future, but does not have a specific model or timetable.

"Certainly, at some point, we'll try to do a GPT-5 model in the sequence, but not anytime soon and we don't know exactly when," Sam said, adding that he's hoping someday the company can get to return to robotics - a sector the company has worked on at the very start.

The two-day conference hosted by the BAAI has invited leading figures in the industry such as AI "godfather" Geoffrey Hinton and Turing Award winner Yann André LeCun. Apart from exchanging on AI frontiers and technology progress, this year's conference placed a special focus on AI regulation and alignment.

Industry players and experts at the forum have also emphasized on the importance of global cooperation in harnessing the "double-sword" technology, which is especially urgent as the large models are development "too fast."

"We are fully aware of the urgency of AI regulation, but under the current global situation, as some in the US are hyping China threat with AI as a key battleground, global cooperation and an international rule could be hard, though some cooperation might be achievable in certain areas,"Wang Peng, a research fellow at the Beijing Academy of Social Sciences, told the Global Times on Saturday at the sidelines of the event.

Looking ahead, the development of large models and major technological breakthroughs is clearly be related to the life and death of human society, Wang said, noting that it's critical for some nations to drop closed and retrogressive minds of "small courtyards and high walls," join forces together with the rest of the world, and concentrate on overcoming difficulties for the benefit of all mankind.

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Is the ringgit weakness permanent?

 

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It is important to look at the ringgit weakness from a more holistic perspective.

 

Global currency: the reason the us dollar remains in demand in spite of its national debt and endless printing of money is because the value of the dollar is backed by the us government, its military strength and technological advancement. — reuters

WITH the World Health Organisation declaring Covid-19 no longer a global health emergency and countries opening their borders, we have seen a resurgence in the tourism industry.

Airlines such as Singapore Airlines have declared a record high quarterly profit of S$2.16bil (Rm7.37bil) in its 76-year history.

People are finally travelling again, be it for work or leisure. Yet, the irony of it is the weakness of our local currency.

This has led to many lamenting across social media about our foreign-exchange weakness and the voice of discontent has been growing by the day.

People are bewildered because our underlying economy remains resilient and there are no signs that we are heading anywhere close to a recession.

Even after Bank Negara embarked on a pre-emptive rate hike of the overnight policy rate (OPR) surprising the market, it couldn’t stymie the continued weakness of the ringgit.

So, what is happening?

Factors affecting a currency

In the study of Economics 101, foreign currency is parked under the chapter of macroeconomics.

This means that a currency’s movement is determined pretty much by macroeconomic factors such as inflation, fiscal policy, employment levels, national income and international trade.

Hence, it is impossible to pinpoint our currency’s prolonged weakness on a single reason.

I have heard all sorts of talk in the coffeeshop, including political instability, increasing fiscal deficit, shrinking current account surplus, the US debt ceiling crisis, the weakening oil price and looming recession, among others.

The above-mentioned factors all play a part in contributing to the weakness and none can stand alone to be deemed as the root cause of the issue.

Otherwise, it would be a rather easy fix.

As everything is intertwined and linked, it is important to look at our ringgit weakness from a more holistic perspective.

Exactly 10 years ago, the ringgit’s strength peaked in January 2013 at RM2.96 against one US dollar as the United States was undergoing large-scale quantitative easing to dig itself out of the 2008 Global Financial Crisis.

Another reason was because the Brent oil price hit a high of US$125 per barrel, record levels at the same period.

There were many reasons that gave confidence to boost the ringgit’s performance as Malaysia was an oil exporter with large infrastructure projects being rolled out by the government of the day.

Even the property market was booming with many foreign buyers and real estate developers venturing into our local markets.

It all went downhill after the 1Malaysia Development Bhd scandal surfaced and the national debt ballooned to astronomical levels with little to show for.

With the oil price correcting to record low levels and large amounts of government allocations being used to defray interest expenses on the debts, this expanded our fiscal deficit.

It all comes down to demand

We often hear about the emphasis on foreign direct investment (FDI).

This is because with FDI, it will promote employment, transfer of skills and business opportunity, among others.

Additionally, from an economic standpoint, FDI increases the money supply and inadvertently the demand for the ringgit.

When FDI falls, demand falls. From the data gathered by the Investment, Trade and Industry Industry, the problem is with domestic direct investment (DDI) rather than FDI.

For the past decade, DDI has been a straight line downward trend.

This effectively means local businesses are not reinvesting their profits or expanding locally as much.

To me, it is a bigger indicator that whatever funds or profits from local businesses are being moved towards the current account, savings account or worst, foreign outflow.

There is little to no multiplier effect and if it is an outflow, it will further reduce the demand for the ringgit and in turn weaken the currency.

Tourism is another aspect that is important to an economy.

Apart from the spillover effect of tourism spending, it is the positive carry that helps with the currency’s strength.

If tourism activity in our country picks up, naturally, there will be more need for the ringgit and in turn leading to its strengthening.

Thailand is good example of a successful tourism nation where tourism is the third-largest economic activity contributing to 20% of the gross domestic product for the country and it is only behind the two key sectors, namely, agriculture and industry.

If we look at the Thai baht performance against the ringgit, we

can see its continued strength from RM1 to 9.61 baht to RM1 to 7.52 baht.

Essentially, all three sectors of Thailand – agriculture, industry and tourism – have been growing in the past decade, which, in turn, increased the demand for their currency.

Continued downtrend

Many are very worried that this downtrend of the ringgit will continue to persist in the years to come.

If we look at what has happened historically, there are of course reasons to be worried.

In my conversation with high-networth clients, their number one concern is always inflation eroding the value of their money.

The second worry is the weakness in the foreign exchange (forex) that erodes the global monetary value of their savings.

Due to this fear, it is easy for private bankers to market foreign products or funds to these clients regardless of the returns.

A client once told me, “Even if I move my savings to Singapore and the stock market or investments do not perform, at the very least the forex carry alone would deliver 40% return in the span of 10 years.”

An indirect measure of the economy is the strength of its currency.

If everyone wants your currency to be their reserve currency, it is likely that your country’s economy is strong and healthy and vice versa.

No matter how we improve the fundamentals of our economy, there will always be a difference between a developed economy and of those developing economies.

The reason the US dollar remains in demand in spite of its national debt and endless printing of money is because the value of the dollar is backed by the US government, its military strength and technological advancement.

China is also pushing for the internationalisation of the yuan and as the second largest economic powerhouse in the world, there are merits to be a highly sought-after currency.

The Singapore dollar’s value manifests in it being an anchor on stability, a haven and its function as an international entrepot.

For the ringgit, its value is probably largely still associated with commodities exporting nation.

While our exports and trade have always been a fixture, more must be done to reflect this value to the world.

Having a strong currency which is in demand is a powerful tool that can be used to a country’s advantage, especially when it comes to business and geopolitical negotiations.

There are many challenges that the government must overcome before we can turn the old economy around and upgrade it to a new model forward.

I remain optimistic about the potential of the country and the talent of this young nation to turn things around.

If we look at how blessed our country is, rich with natural resources, low population density per habitable land area, free from natural disaster, etc, the only thing impeding the progress is good governance and professional management.

To believe a new government can change this overnight (seven months to be precise) is being a tad too optimistic.

More time is needed to restructure the troubles of the past.

If we foster a healthy environment for the SMES to grow, promote food security and self-sufficiency and manage our natural resources prudently, we can become a strong economy in Asean.

A stable currency is paramount for an economy and if we improve investments and reinvestments in the country, the ringgit’s weakness is not permanent.

 By Ng zhu hann 

CEO & Founder, Tradeview Capital | Founder, Hann Partnership | Author, Once Upon A Time In Bursa | Columnist, StarBiz & Nanyang Siang Pau|

 

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USA ‘Peeping Tom’ who constantly peeps into others’ windows should be deterred ahead of Shangri-La Dialogue

-16 fighter jets attached to an aviation brigade of the air force under the PLA Western Theater Command taxi on the runway during an aerial...

 

USA ‘Peeping Tom’ who constantly peeps into others’ windows should be deterred ahead of Shangri-La Dialogue

-16 fighter jets attached to an aviation brigade of the air force under the PLA Western Theater Command taxi on the runway during an aerial combat training exercise under complex electromagnetic conditions in April, 2021. Photo: eng.chinamil.com.cn

Hu Says: The US aircraft and warships' close-in actions threaten China's national security

U.S. close-in recon threatens China's sovereignty, security: spokesperson

 

The US military's hype about the "unprofessional interception" of a PLA fighter jet at this time is suspicious and absurd. On May 30, the US Indo-Pacific Command, in a tone of victimhood, accused a PLA J-16 fighter jet of carrying out "unnecessary aggressive maneuvers" on Friday against a US RC-135 reconnaissance aircraft in the so-called "international airspace" in the South China Sea, and the Pentagon also expressed "concern."

Given the frequent use of such tactics by the US, people immediately saw through the trick. The Shangri-La Dialogue is about to commence, and US Secretary of Defense Lloyd Austin is scheduled to attend. Over the years, every US defense secretary has criticized China during the Shangri-La Dialogue, making it an entertaining show of the event. This propaganda is most likely aimed at providing material and ammunition for Austin's speech and creating a special label of "China being irresponsible" and "China threat" for the Shangri-La Dialogue.

Last year, on the eve of the Shangri-La Dialogue, Canada, the US' petty follower, issued a statement through its Department of National Defense, claiming that Canadian patrol aircraft had "multiple interactions" with PLA military aircraft and accused the PLA of not adhering to international air safety norms.

Unsurprisingly, several days later, Austin mentioned it at the Shangri-La Dialogue, and attacked China. It probably won't be any different this time, and we will see in a couple of days how Austin plays the tricks of hyping the interception up.

The US military won't reveal the truth, but let's look at where the incident occurred. Right at China's doorstep. Data shows that the US military reconnaissance aircraft involved in this incident was less than 50 kilometers away from our coastline, meaning it was flying almost along our territorial waters and intentionally intruded into the training area of the PLA Navy Flotilla 17 for reconnaissance and disturbance. The PLA's response was in accordance with the law, regulations, and professional standards.

Currently, there are almost daily instances of US reconnaissance aircraft conducting close-in reconnaissance on us, and in 2022, the number of the US' close-in military reconnaissance missions against China has more than doubled compared with a decade ago. The intensity and frequency of US military activities in the South China Sea have significantly increased, and it has even instigated its allies' military aircrafts to provoke in the South China Sea.

What is the nature of the US military's behavior? It is easy to understand: It's like a peeping Tom who constantly peeks into others' windows, which can only make people think that it has ulterior motives. And every time it is caught red-handed, Washington tries to turn the tables. But are the Chinese warships and aircrafts too close to American ones, or are American warships and planes too close to China?

If Chinese military aircrafts flew thousands of miles each year to a location a few dozen kilometers from the US' coastlines and conducted over 1,000 close-in reconnaissance missions, how would the US react? Even a Chinese civilian unmanned airship that drifted over due to force majeure caused the US to panic, and even shoot it down with fighter jets and missiles, not to mention anything else.

In real life, we can call the police if we encounter a peeping Tom. But in the international community consisting of sovereign states, there is no police station to enforce the law to maintain justice and righteousness. What's more, the criminal even calls itself the "world police." The US military commits its perversions so blatantly, "rightfully," and recklessly because it thinks no one can punish it.

China will not tolerate such rogue behavior. Since there is no way to call the police, we can only enhance self-defense capabilities, and intercept and expel intruders, making counterattacks and responses based on how bad the US' moves are. To deal with the peeping Tom who crosses the line, we must pick up a stick and drive him away. In short, it is necessary to make him feel insecure and scared.

Americans should have understood this better. Americans pay so much attention to the right to self-defense at home. It is impossible to ask others to be indifferent and submissive to the US' provocative behavior on the international level.

When it comes to security, the US military leads others to insecurity, and others will undoubtedly do the same to the US. As a result, regional peace and stability are destroyed, and the risk of conflict increases sharply. As the culprit of the incident, the US military should certainly bear the responsibility. In a situation in which mutual trust is absent, it talks about the desire to communicate with the PLA while not restraining its dangerous moves in the air and sea. Being so contradictory, is there any sincerity in it? 

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 US hypes on 'China threat' ahead of Shangri-La Dialogue

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New entry of civil aviation: China's C919 passenger plane

 

This photo taken on May 28, 2023 shows a C919, China's self-developed large passenger aircraft, getting ready for its first commercial flight in east China's Shanghai. C919 kicked off its first commercial flight from Shanghai to Beijing on Sunday, marking its official entry into the civil aviation market. (Xinhua)

 

 https://youtube.com/shorts/-AvBIEdXEiE?feature=share

China's C919 passenger plane completes inaugural commercial flight, showing China's efforts in self-innovation in high-end manufacturing industry

C919, China's self-developed large passenger aircraft, completed its inaugural commercial flight from Shanghai to Beijing on Sunday, creating a milestone in China's aviation industry, which aims to compete with global players such as Boeing.

Developed by Commercial Aircraft Corporation of China (COMAC), the C919 aircraft, China's first self-developed large jet airliner, is important proof of China's strength in self-innovation in the high-end manufacturing industry, and its solid market performance will foster further confidence in future orders and among customers, Chinese experts said.

The C919's inaugural flight departed at 10:32 am from Shanghai Hongqiao International Airport and landed at Beijing Capital international Airport at 12:31 pm, where it was welcomed with a special water-salute ceremony.

The highly anticipated flight, codenamed MU9191 flying from Shanghai to Beijing was flown by China Eastern Airlines, and carried around 130 passengers.

"More than 20 years ago, I heard many people in the aviation field talking about their dream of making a big plane. I am so excited to be one of the first passengers to fly on the C919," a passenger named Shi Ding told the Global Times on Sunday.

Shi said he arrived at the Shanghai airport at 7:40 in the morning, and there were around 500 people attending the inaugural ceremony. "I have been closely watching the development of C919 for years. As an aviation fan, I am so proud that China now has such an advanced aircraft manufacturing industry."

The video clips he sent to the Global Times showed passengers waving national flags and the cabin filled with a euphoric atmosphere, with excited passengers taking photos and shooting videos. The carrier even prepared meals selected by poll by the passengers.

Both the business and economy class on the C919 use a new generation of domestically designed and produced cabin seats. Among them, eight business class seats use an all-aluminum alloy frame structure with a cradle design and a backrest that can reach 120 degrees. The distance between the front and rear seats exceeds 1 meter.

The C919 cabin has a width of 2.25 meters, and the middle seat in the economy class triple seat is 1.5cm wider than the two seats on the end, bringing passengers more comfort.

The C919 project was launched in 2007 and completed its first test flight in 2017. On September 29, 2022, it obtained the Type Certificate from the Civil Aviation Administration of China, the country's aviation sector regulator.

With between 158 and 168 seats, and a flight range of 4,075 to 5,555 kilometers, the C919 is designed to have the same level of specifications as the popular Airbus 320 and Boeing 737.

According to China Eastern Airlines' plan, the first C919 plane will initially be operated between Shanghai and Chengdu, capital city of Southwest China's Sichuan Province, before flying more routes.

China Eastern has also set up special teams including cabin services to ensure security and guarantee services.

New starting point

"Based on earlier full preparations, the maiden flight is a new starting point for China Eastern," Li Yangmin, vice chairman of the Shanghai-based China Eastern Airlines Corp, was quoted as saying at the inaugural ceremony held in Shanghai on Sunday.

Li said the airline will take this commercial operation as an opportunity, and strive to meet market demand with high-quality supply, allowing people in China and even around the world to use the plane.

Before the flight, other Chinese airlines also expressed interest in the plane. On Thursday, Ma Chongxian, chairman of Air China Ltd, said that in 2010 the company signed a purchase agreement with COMAC for 20 C919 aircraft, and continued to pay attention to the progress of the C919.

China Southern Airlines vice chairman Han Wensheng said on the same say that his company is paying great attention to the C919 aircraft and maintaining close communication with COMAC.

COMAC said in January that the company expects to reach an annual production capacity of 150 C919 planes within five years, and has already received more than 1,200 orders, according to media reports.

Chinese experts said that the commercial fight is of great significance to China's equipment manufacturing industry, as the civil aircraft manufacturing industry is a symbol of a country's technological and industrial strength.

For China's aviation manufacturing industry, China's commercial aviation must have its own place in the world, in terms of not only market size and development potential, but also equipment manufacturing, Wang Ya'nan, chief editor of Beijing-based Aerospace Knowledge magazine, told the Global Times. "We must have our own manufacturing capabilities for regional aircraft and large commercial airliners," he noted.

We should focus on core technologies in key fields and continue to work together to tackle bottleneck problems, we must put safety and reliability first and eliminate all potential hazards, and we must do a good job in the large aircraft sector, said China's top leadership at the end of September last year that when the C919 passenger jet was issued the type certificate by China's civil aviation regulator, according to the Xinhua News Agency.

COMAC, the developer of the plane, extended its warm congratulations over the flight on its WeChat account with a line from an ancient poem that translates as "Till the day the strangled dragon vibrates in fresh rainfall, it will surely roar to the sky like a flying crane." 

Photo: Courtesy of China Eastern Airlines

Global competition

Hours after the conclusion of the inaugural commercial flight, global plane manufacturers sent messages of congratulation.

"On the occasion of the successful commercial maiden flight of C919 today, we would like to extend our sincere congratulations to China Eastern Airlines and COMAC," Boeing said on its official WeChat account, while Airbus also sent warm congratulations to China Eastern Airlines C919 on successfully completing its first commercial flight.

In an earlier interview with Global Times in April, Airbus CEO Guillaume Faury said that COMAC has brought new competition to the market. "We have great respect for any competitor in the market," he said.

The C919's first commercial flight means that China's extraordinary aviation capabilities have started to accept the challenges of the market, Qi Qi, an independent market watcher, told the Global Times on Sunday.

With the accumulation of flight hours, there will be more confidence in potential orders and among customers, as well as more growth in the entire large aircraft industry chain, Qi remarked.

A market forecast report released by COMAC in 2021 predicted that China's aviation market will receive 9,084 passenger aircraft with more than 50 seats over the next 20 years, with a value of about $1.4 trillion. It is widely believed that a trillion-dollar level aircraft industry chain is gaining momentum with the commercialization of the C919.

As for future flights, Qi said it is still too early to talk about exploring the international market at this stage.

Prior to this, it is necessary to obtain airworthiness certifications from the civil aviation authorities of other countries, and obtaining the type certification from Federal Aviation Administration and European Union Aviation Safety Agency will be an important indicator of how the C919 will explore the international market, Qi said.

It has been predicted that the C919 will still face many difficulties amid a changing international political backdrop, and the difficulties may be even greater than expected. As a strategic project of China's national aviation industry, the goal of the C919 will not waver, Wang said. China will mobilize and pool all its scientific research and industrial resources to push this project to a successful end.

"For a developing country like China, which is under enormous development pressure, we have no other choice but to face up to the difficulties," Wang noted. 

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