Confrontation, malicious competition disrupts global AI governance: spokesman

Engaging in confrontation and malicious competition will only disrupt the process of global governance process and is not in the interest of any party, Foreign Ministry spokesman Guo Jiakun said at a press briefing in Beijing on Monday.

Guo made the remarks when asked to comment on remarks by a U.S. AI company that China's AI development poses a threat to the U.S. national security.

"The development of AI bears on the well-being of all humanity. All parties should jointly develop AI as an open and inclusive technology for good and for all. Spreading various narratives of threat and engaging in confrontation and malicious competition will only interfere with the global governance process of AI and serves the interest of no party," said Guo.

Confrontation, malicious competition disrupts global AI governance: spokesman

Confrontation, malicious competition disrupts global AI governance: spokesman

The stocks of the Republic of Korea (ROK) closed lower on Monday with sharp drops of tech stocks following U.S. top executives' calls for an AI slowdown and the inflation worry due to rising international oil prices being two of the most significant contributors.

The benchmark Korea Composite Stock Price Index (KOSPI) dropped 225.54 points, or 3.26 percent, to close at 6,684.37, and the tech-heavy KOSDAQ Index lost 13.85 points, or 1.69 percent, to finish at 806.79 points.

The calls by top executives of major U.S. AI developers to slow the pace of AI development triggered selling of related shares on ROK markets.

Chipmaker SK Hynix and tech giant Samsung Electronics led the slide, with their share prices falling over 4 percent on Monday.

ROK stocks close lower on Monday on AI slowdown calls, inflation worry