China’s developers will be unable to depend on the Artificial Intelligence market leader ChatGPT. OpenAI to Ban Users in China from Its Tools and Services from July 9. China has been limiting access to OpenAI’s ChatGPT, but developers could still use VPNs to tap into OpenAI tools for fine-tuning AI applications and research.
Bureau of Labor Statistics reports indicate that in June, US employers added 2060000 jobs, which means that the economy can support job creation. This sequential growth across sectors like hospitality, healthcare, and professional services represents the path of recovery.
As for employment opportunities, the situation remains rather stable and tends to gradual improvement, which makes it possible to hope for the successful solution of all post-pandemic challenges.
OpenAI’s decision to affect China
As per report by Analytics Insight OpenAI’s departure could have a positive impact on Chinese AI companies which are already in stiff competition with their counterparts in the United States of America.
China has about 130 large language models, which is 40% of the global total. Currently, US companies are the most advanced in generative AI technology, but Chinese companies have entered a heavy price competition that may impact their profits and research abilities.
While OpenAI did not explain why these measures were being implemented, the hostile dynamics between Washington and Beijing could be cited as a compelling factor. According to the Guardian, the US limited the sale of specific high-end semiconductors.
Further details on the direction of the crypto listings were sought in an interview which has been conducted with the Chief Executive Officer of the Singapore Exchange (SGX). Discussing the aspects of regulation and the needs of the market, the CEO of SGX also dwelled on the company’s cautious approach to derivatives for cryptocurrencies.