While China was an early mover in regulating generative AI, it is also highly supportive of the technology and the companies developing it. Chinese AI firms might even have a competitive advantage over their American and European counterparts, which are facing strong regulatory headwinds and proliferating legal challenges.
thinks the rules governing generative artificial intelligence give domestic firms a competitive advantage.
After years in the political wilderness, the UK Labour Party is now far ahead in opinion polls, with sensible plans for improving the country's economic performance. But to translate promises into results, any future government will have to do something about the elephant in the room: chronic under-investment.
explains what it will take for any political party to restore hope in the country's long-term economic future.
华盛顿—至少从2008年秋天开始,领先经济体官员们都——在原则上——同意必须对“太大而不能倒”的金融企业做些什么。在这方面,人们已经做出了巨大的努力,包括数不清的国际会议、工作论文和公告。本月早些时候,位于巴塞尔的金融稳定委员会(FSB)带着一丝炫耀宣布,这项工程已经完成了一个重要阶段。但这只能说明我们所取得进步是多么小。世界最大规模的银行仍然太大而不能倒,而这可能对短期未来造成恶劣后果。
太大而不能倒问题并不新鲜——这个词首次在美国使用是在20世纪80年代。它可以用于任何企业——通常是金融企业——只要其倒闭会对金融体系以及实体(非金融)经济带来巨大的消极溢出效应。
在2008年9月之前,还有人质疑大型非银行金融企业是否能达到太大而不能倒的程度。这一年早些时候,贝尔斯登几乎倒闭,但美联储介入为JP摩根大通收购贝尔斯登提供了方便。贝尔斯登的股东损失惨重,其管理层大多也就地免职,但债权人获得了完全的保护(事实上,确保保护债权人正是美联储干预的核心动机)。
To continue reading, register now.
Subscribe now for unlimited access to everything PS has to offer.
Subscribe
As a registered user, you can enjoy more PS content every month – for free.
Register
Already have an account? Log in