WEEKLY NEWS

June 30-July 6, 2023

→ WIC cross-border e-commerce seminar held in Beijing

→ Over 60 percent of the world's 5G base stations are in China

→ Goldman Sachs: Generative AI will greatly enhance music creation capabilities

→ Chinese Academy of Sciences unveils the world's first AI-designed CPU

→ Over 150 executives from renowned companies criticize EU's ‘AI Act’

→ Microsoft to face EU antitrust investigation

→ Twitter responds to ‘reading restrictions’

→ Nokia and Apple sign long-term patent licensing agreement

→ Toyota-backed American company to test flying taxis

→ Virgin Galactic completes its first commercial spaceflight

Industry Updates

WIC cross-border e-commerce seminar held in Beijing

On June 30, the WIC cross-border e-commerce seminar was held in Beijing. Nearly 40 representatives from cross-border e-commerce regulatory authorities in Hangzhou, member units engaged in cross-border e-commerce and international rule research such as Alibaba Group, Pinduoduo, Ant Group, JD.com, China Academy of Information and Communications Technology, as well as experts and scholars with solid research foundation and extensive international cooperation experience in the field of cross-border e-commerce, participated in the event to have in-depth exchanges and discussions on topics related to cross-border e-commerce.

[Photo/wicinternet.org]

Over 60% of the world's 5G base stations are in China

On July 5, a report on global digital economy research in 2023 was released at the main forum of the Global Digital Economy Conference 2023. The report shows that as of May 2023, over 60 percent of the world's 5G base stations are in China.

Goldman Sachs: Generative AI will greatly enhance music creation capabilities

A recent report released by investment bank Goldman Sachs indicates that generative AI will bring fundamental changes to the music industry and provide "significant opportunities." Goldman Sachs believes that generative AI will greatly enhance music creation capabilities and improve productivity.

[Photo/pixabay]

Chinese Academy of Sciences unveils the world's first AI-designed CPU

Recently, the Chinese Academy of Sciences, along with other institutions, used AI technology to design the world's first CPU chip, Qimeng No 1. This is the first CPU chip in the world that is designed without human intervention, utilizing fully automatic generation and a 65nm process.

Over 150 executives from renowned companies criticize EU's ‘AI Act’

In recent days, dozens of major European companies, including Airbus and Siemens, have taken collective action to publicly oppose the proposed EU Artificial Intelligence Act. Over 150 executives have signed an open letter criticizing the act, stating that it could harm Europe's competitiveness and fails to address potential challenges.

Enterprise News

Microsoft to face EU antitrust investigation

According to Reuters, Microsoft may face an EU antitrust investigation in the coming months. The company has been engaging in discussions with EU regulators regarding remedial measures to avoid such action, but it appears to have encountered obstacles.

[Photo/pixabay]

Twitter responds to ‘reading restrictions’

Last week, Twitter implemented a limit on the number of tweets users can view in a day to prevent AI companies from mass getting Twitter data, which could affect the experience of genuine users. This move sparked widespread discussion among users, and Twitter responded by stating that this restriction only affects "a small portion of people" and has minimal impact on their advertising platform.

Nokia and Apple sign long-term patent licensing agreement

Nokia announced that it has signed a new cross-licensing agreement with Apple, replacing the existing patent license. The specific terms of the agreement remain confidential.

Toyota-backed American company to test flying taxis

Joby Aviation, an American company backed by Toyota, announced that its prototype for an "air taxi" has received approval from the US Federal Aviation Administration and is ready for testing.

Virgin Galactic completes its first commercial spaceflight

Recently, Virgin Galactic successfully conducted its first commercial spaceflight, taking paying passengers to the edge of space and back. The mission, named "Galactic 01," has sold approximately 800 seats for commercial spaceflights. From 2005 to 2014, 600 tickets were sold at prices ranging from $200,000 to $250,000 per seat. Since then, 200 tickets have been sold at a price of $450,000 per seat.