Digital

Malaysian academic Goh Chun Sheng ponders the weighty issues thrown up by artificial intelligence, seeking a little assistance from none other than OpenAI’s ChatGPT.

Researcher Ding Ke looks at the US’s Chip 4 alliance initiative and its implications for China’s semiconductor industry. With the US seemingly intent on containing China’s high-tech industries, it will take a lot of effort for China to keep this sector going and growing, especially if the Chip 4 alliance works out.

Taking an overview of global megatrends, including rising inflation, changes to business valuation and the race for technological supremacy, Indonesian business magnate Ang Tjoen Ming (Tahir) sieves out opportunities for Indonesia, and ways forward that could see it becoming one of the world’s seven largest economies in the next ten years.

Amid the frequent refrain of building a digital civilisation in China, Chinese academic Zhang Tiankan warns of the natural progression assumed in digital progress leading to greater civilisation. Innovations such as facial recognition technology or human tracking devices are placed in the hands of man and can be used for good or evil.

While it appears that large digital platforms in China have been hit hard by a series of regulatory reforms in the last few years, they are down but not out, says researcher Jia Kai.

Ahead of the 18th Joint Council for Bilateral Cooperation (JCBC) meetings between Singapore and China — the first to be held in person since the outbreak of the pandemic — Singapore’s Deputy Prime Minister and Coordinating Minister for Economic Policies Heng Swee Keat sets out a few priorities in taking Singapore-China relations to new heights.

Former journalist Jessie Tan muses over the phenomenon of those in need transitioning from begging on the streets to selling goods on Douyin. While the poor or disabled have been given a more dignified and effective source of income, this is just one aspect of the good that comes with social media and technology.

Crypto ban notwithstanding, China’s getting firmly in the act of building Web3 infrastructure to its specifications. While China is unlikely to allow global Web3 to play a role in its economy or the lives of its citizens, Chinese developers and entrepreneurs remain fascinated by the promise of global Web3 platforms and cryptocurrencies. This portends the development of two blockchain markets in China: one which caters to those who “jump” the virtual fence to join in the global Web3 movement, and one which uses blockchain in line with Beijing’s vision.

Technology expert Yin Ruizhi notes that while Bitcoin is a bold experiment in cryptocurrencies, in its current form it is still too unstable and resource-intensive to take the place of legal currencies as a mainstream global currency.