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tv   Business - News  Deutsche Welle  May 17, 2023 4:15pm-4:30pm CEST

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the services of the one that may be in place to come and set you up to date our mobile. these are the top of the hour actress. cobra has your business updates in just a moment. and of course, that headlines and updates around the clock on the w dot comp on the d. w. good news . some times to try out at you out to the highlight for sure. every week, not the not in many countries, education is still a privilege. property is one of the main causes some young children working
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minecraft. instead of going to class others can attend classes after they finish the millions of children over the world of chance. go to school, we ask why? because education makes the world more just make up your own mind w made for minds. the artificial intelligence poses a threat to humanity. more than 60 percent of people say in a fresh writers pull in the united states. so how is this latest tech, phenomenal phenomenon, best regulated to pull out expert it out? it's also coming up with political pressure and competition,
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rolling and profit declining full gauge. what's the best strategy for, for, and companies in china? of course cobra, welcome to the program. if this technology goes wrong, it can go quite wrong, says the chief executive of check g, p. t's open a. i, sam oldman, ers, us congress to impose new rules on big tech hearing on tuesday. and the problem proposed to us lawmakers to consider licensing and testing requirements before launching powerful models, as well as revoking permits. if rules are broken, his stress that it is critical to mitigate the risks of powerful models given concerns about this information, job security, and other hazards. this is a remarkable time to be working on artificial intelligence. but as this technology advances, we understand that people are anxious about how it could change the way we live. we are to but we believe that we can and must work together to identify and manage the
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potential downsides so that we can all enjoy the tremendous upside. so it is a central, the powerful lay eyes developed with democratic values in mind. and this means that us leadership is critical. i believe that we will be able to mitigate the risks in front of us and really capitalize on this technology potential to grow the us economy and the world's. earlier i spoke to yvonne about to let each use the global privacy officer at re pro tech consultancy, and i asked her what she made of some altman's appearance before congress. well, thank you so much in great to be we do, i mean some of them, it is right. do sign something that it's important, something that many i'll say something that may have set for very long time, which is that, to be sure, intelligent springs, fantastic opportunities for the world. but at the same time it also carries space. and if we want to make the most of a always so that it can benefit you by me,
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then we really have to show that we have some governance in place to mitigate the race. and uh, he's being very clear, i think, you know, in the, a, a, i think a section with congressman which was a cooper swimming, which was very but they were there was some alignment to that long. there was some alignment around the fact that to that to regulation has to be dice. right. um that the ad. so the somebody's been towards the, um, i believe quite important. i don't know what kind of regulatory models could we be looking at here as well in the you're in you're, we're actually quite a heads of this. um the uh creatures have adopted in uh the uh the of the test on the um the okay. may i ask, which is likely to go to the you from the retreat. but on the 14th of june, they both stopped the you to institutional dialogue and the
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european act, which is likely to be then approved by the end of the year is based on rates. so it basically says is from the product is high risk, which means has an impact on us as individuals. it could infringe upon or individual rights or freedoms. liberties are held, in that case, the higher risk. and so we need to brock some control surround it. and then there are some of those high risk that they're completely babs from the european union. like for example, things like the social story that is, that happens in china. that is seen this conflicting with the european where you're living and don't the right to nathaniel is back to you. but they're also all the ways that we could speculate a, i mean you okay. me. yeah. yeah. is able to the hope is that able really sure. you discussion and really lose countries to adopt. they just,
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i should around efficient intelligence. so there's different ways of doing it. and this you go to, i think that we have that agreement, that we, that is break to make sure that we need to regulate a post site. but we need to break is a to the page. yeah. oh goodness ations. you're not about to let a global privacy officer at debris pro speaking to me earlier is our china investment safe? that is a question heard more frequently in durham and board rooms these days as political tensions of a taiwan arising along with regulatory pressure and the competition on the chinese market. midsize companies in particular, which are the backbone of durham and his economy seem to reassess their china exposure. entrepreneur unfair has been active on the chinese market for more than 20 years. his company, manufacturers, rubber and plastic parts like hoses for waste water plants and seals for solar system and 90 percent of all solar plants come from china and half of all
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wastewater treatment plants worldwide are built in china. our products are for biological waste water treatment, which means it's an important market for us. so far. the family own company from honda over germany has its own factory in china. but giga says it's not dependent on business there. he admit, this is not typical for other operators in the german industry. just, you know, and it goes back to the fact that china is one of the largest markets in the world can be seen as a blessing or a curse. german industry has developed very well in china over the last 20 years. and many jobs here in germany depend in a certain way on china. but the question is, aren't there alternative markets that compliment china? the question applies to every entrepreneur at the moment. a concern within the
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business community is that china could attack tie one that would be a red line for and today i see, i guess his company also does business in the us. so it's similarly dependent on american politics. if china were to attack, jaeger would have to make a decision we would probably try to scale down our activities in china to such an extent that we would not be affected by the american sanctions. mister jago wants to keep producing in china at the same time, he's trying to open up other markets in places like india and indonesia, and spread his entrepreneur all risk as widely as possible. i. i'll be talking to an expert on china policy here in a moment. first, here's our correspondent on the question of whether he things china is becoming a riskier but for forward investors. because of growing regional tensions for the
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1st time in decades, some companies and investors have begun to consider whether the risks of invested in china, how way the potential benefits and with china talk later season calling for stronger national security and restrictions and information available to foreign governments and companies, the chinese government itself is a celebrating the competing for investors are not going to be comfortable work in that environment if they feel their operations are constantly and inspect the leak, disrupted the w correspondence. so it's on hand speaking from taipei, they're not before the show. i spoke to steve sang director of the so as china institute in london, i asked them how risk it was before and companies to invest in china. current mood depends on what industry you are engaged in. if you are still engaged in the kind of, in a way to industries that china needs desperately. the chinese members do create a quick 10, baldwin for you. but if you are engaged in industries where they try to use them,
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so have the technology, then you don't have the rights to make a huge profits any longer. let's look at the 2nd part that he mentioned. there are now in these time of height and political tensions. fox lag and reportedly wants to work together with chinese tech firms like hallway to provide software for his, for the electric, really fleet and, and china. what do you make of that? well, i think there is still potentially scope full that collaboration as long as walkway is driving it and walkway just not losing control, but he's technology, but he's making goals, fucking dependent on qual, a technology, particularly if the technology will be used for the export of we are closed bill by respond and look inside china,
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or indeed even outside of china hodge baldwin, and the as long as always sees as long as hallway is driving this technology that understanding correctly there. yes, the idea of the hallway was penned open and technologies drew a need for him to call company. i don't think is technically realistic. probably a good one to be in control of it. but it's quite a conundrum that uh for an firms find themselves in here, right? i mean you have growing pressure from domestic competitors on the electric. take a vehicle market for example, um and which would cause a more investment at the same time. the political demand in germany, for example, is to downsize the once profitable china exposure. well i think the need is for copland companies like volkswagen history, strike a balance. both between the needs of china and denise of the home
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country, as well as advantage between the short term and the long term in the short term is, is to simply to work with a chinese on a line to walk away. but in the long go to the walkways control over the technology could be a serious problem for a company like volkswagen. but that is me, the a longer term popular one and then you make it short term problem. do you see that your concerns about china investments among mid sized firms as compared to large multinational square exam as well, the chinese government would really be focusing much more on the technology. one of the size of the orange companies, whether you're talking about the medium sized companies or shoot, come going to rich. when you are dealing with the chinese system, the chinese system is usually brought up because then your big multinational,
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an open urgency is congress to oppose new rules on big tech and hearing mr. alton, propose that to you as lawmakers with consider licensing and testing requirements for from launching powerful type models. and that wraps up our show for more check out our website at dw. com slash business on 1st cover in berlin. thanks for watching. have a successful the
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