Elon Musk Thinks China is Interested in an International AI Framework

Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes/File Photo
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes/File Photo
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Elon Musk Thinks China is Interested in an International AI Framework

Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes/File Photo
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes/File Photo

Billionaire Elon Musk said on Wednesday he thinks China is interested in a cooperative international framework on artificial intelligence, from conversations he had when he visited a few weeks ago.
Musk made the remarks in a Twitter Space event with two US congressmen, Democrat Ro Khanna and Republican Mike Gallagher, Reuters said.
"China is definitely interested in working in a cooperative international framework for AI regulation," Musk said. He added that he had advocated for artificial intelligence regulations and oversight, including in his meetings in China.
Musk's remarks came on the day he launched his long-teased artificial intelligence startup, xAI, after arguing for months about AI's potential for "civilization destruction."
Musk recently traveled to China and met the foreign, commerce and industry ministers as well as Vice Premier Ding Xuexiang. His Tesla electric car company has a factory in Shanghai.
Musk later said the Chinese government would seek to initiate artificial intelligence regulations.
On Thursday, China issued a set of interim measures to manage the booming industry, paving the way for its tech companies to roll out AI services.
Chinese foreign ministry spokesperson Wang Wenbin said China attached great importance to the development and governance of AI and "advocates adhering to the principle of human-centered intelligence and creating artificial intelligence for good."
"China is willing to enhance communication and exchanges with the international community on AI security governance, promote the establishment of an international mechanism with universal participation, and form a governance framework and standards that share broad consensus," Wang told a regular briefing in response to a question about Musk's comments.
Several governments are considering how to mitigate the dangers of the emerging technology, which has experienced a boom in investment and consumer popularity in recent months after the release of OpenAI's ChatGPT.
Regulators globally have been scrambling to draw up rules governing the use of generative AI, which can create text and images. Its impact has been compared to that of the internet.



Taiwan Tech Giant Foxconn’s 2024 Profit Misses Forecasts 

The logo of Foxconn is on display during the Smart City Summit & Expo pre-event press conference in Taipei, Taiwan, 11 March 2025. (EPA)
The logo of Foxconn is on display during the Smart City Summit & Expo pre-event press conference in Taipei, Taiwan, 11 March 2025. (EPA)
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Taiwan Tech Giant Foxconn’s 2024 Profit Misses Forecasts 

The logo of Foxconn is on display during the Smart City Summit & Expo pre-event press conference in Taipei, Taiwan, 11 March 2025. (EPA)
The logo of Foxconn is on display during the Smart City Summit & Expo pre-event press conference in Taipei, Taiwan, 11 March 2025. (EPA)

Taiwanese tech giant Foxconn reported on Friday a lower-than-expected net profit for 2024 as consumer electronic gadgets underperformed, although demand for its artificial intelligence servers remained robust.

The world's largest contract electronics manufacturer has been moving beyond assembling devices such as Apple's iPhones into areas ranging from electric vehicles to AI servers.

The company said full-year net profit rose seven percent to NT$152.7 billion (US$4.6 billion).

That compares with an average forecast of NT$159.4 billion, according to a Bloomberg News survey of analysts.

Full-year revenue rose 11 percent to NT$6.9 trillion, beating the market forecast of NT$6.8 trillion.

Foxconn, also known as Hon Hai Precision Industry, has been riding a wave of global demand for generative AI in recent years.

The company reported a "strong performance" in its AI server business, with revenue up 150 percent, according to documents released ahead of an earnings call with analysts.

This year would be the "Year of AI", the company said, with shipments increasing in every quarter.

The earnings announcement comes as US President Donald Trump imposed tariffs against major trading partners including China, Canada and Mexico, igniting trade wars and causing markets to fall.

While Foxconn has plants around the world, the bulk of its operations is based in China, which has been hit by 20 percent levies on products shipped to the United States.

Foxconn is building a mega-AI server plant in Mexico, which a local official told Bloomberg recently would be completed in a year despite Trump's tariff threats.

The $900 million assembly plant near Guadalajara will become the world's largest to be powered by Nvidia's GB200 AI chips, Jalisco Governor Pablo Lemus Navarro said.

Foxconn has also been in the spotlight over potential cooperation with Japanese automaker Nissan after its merger talks with rival Honda fell through in February.

Chairman Young Liu said previously that Foxconn was open to buying French auto giant Renault's stake in Nissan and was looking into a cooperation with Nissan, not a merger.

Foxconn has been looking to expand into the Japanese EV market and Liu said last month the company would announce "good news" in EVs within one or two months.