04/08/2023-10/08/2023→CyberspaceAdministrationofChinaplanstoregulatefacialrecognitiontechnologyapplication→GenerativeAIhelps70percentJapaneseenterprisesshortenworkhours→NFTdigitalbubblebursts→China’selectricvehicledevelopmentacceleratestotakethelead→Chinesetechgiantsbuy$5bchipsfromNVIDIA→Metafinedforviolatingusers’privacy→TSMCreachesdealwithAppleonchipdefectcost→AIPCeratostartthisfall:IntelCEOIndustryUpdatesCyberspaceAdministrationofChinaplanstoregulatefacialrecognitiontechnologyapplicationTheCyberspaceAdministrationofChinahasunveileddraftregulationsandbegunsolicitingpublicopinionsregardingthesecuritymanagementoffacialrecognitiontechnologyinordertoregulaterelevanttechnologyuse.GenerativeAIhelps70percentJapaneseenterprisesshortenworkhoursThetrendofimprovingworkefficiencywiththehelpofgenerativeartificialintelligence(AI)isgrowing,accordingtoNihonKeizaiShimbun.Around70percentofJapan’smainenterprisesplantoshortentheirworkhoursthisway.NFTdigitalbubbleburstsDuetothecrashofencryptedcurrency(especiallyBitcoin),thetradevolumeoftheNon-FungibleToken(NFT)markethasdropped90percentinthepasttwoyears,accordingtothewebsiteofSpain’sElPaís.TheNFTdigitalbubblehasburst.China’selectricvehicledevelopmentacceleratestotaketheleadChina’sdomesticbrandsaretakingtheleadintheelectricvehiclemarketintermsofdevelopmentandapplicationofadvancedassistantdrivingsystembyleveragingtheiradvantageofearlyentryintotheindustry,accordingtothewebsiteofConsumerNewsandBusinessChannel.EnterpriseNewsChinesetechgiantsbuy$5bchipsfromNVIDIABaidu,ByteDance,Tencent,andAlibabaordereda$5billionworthofchipsfromNVIDIA,accordingtotheUK’sFinancialTimes.ThesechipsarevitalfordevelopingAIsystems.Metafinedforviolatingusers’privacyItisconfirmedbytheNorwegianDataProtectionAuthoritythatMeta,theparentcompanyofUSsocialmediagiantFacebook,willbefinedonemillionkronereverydayfromAugust14.TSMCreachesdealwithAppleonchipdefectcostTheTaiwanSemiconductorManufacturingCompanyhasreachedadealwithApplethatwhenthecompanyproducesApple’scustomizedchips,itwillbeartherelevantcostofproductdefectsunavoidableduringthenewproductionprocess.AIPCeratostartthisfall:IntelCEOTheupcoming14thgenerationCoreprocessorwillopenupanAIPCera,saidIntelCEOduringatelephonesconferenceonthecompany’sfinancialreportofthesecondquarterin2023.Theprocessorisexpectedtobereleasedatthethirdquarterof2023.