Passed by an overwhelming majority in the senate, the bill will need the backing of the US House of Representatives and President Joe Biden before it can become law

The world's largest contract chipmaker said last week it was unable to fulfil customer demand driven by the surge in AI services

Regulators say the measures will not apply to firms who don't intend to offer their generative AI services to the Chinese public to encourage development of the technology

The US sanctions-hit tech giant said it aims to help clients build and train their artificial intelligence (AI) models with its homegrown processors and framework

Xi has previously said China needs to seize opportunities to use AI to drive economic development, but has also cautioned about its risks

The Japanese conglomerate, whose tech portfolio has slumped in value due to an array of troubled investments, passed the psychological level of 6,000 yen on Friday

"The process of diversifying in different geographies is an excellent strategy by TSMC and so TSMC is now part of Nvidia's diversity and redundancy strategy," chief Jensen Huang said

Among the critics of the viral technology were Geoffrey Hinton and Yoshua Bengio – two of the three so-called "godfathers of AI”

Leaders of the G7 last week agreed to create an intergovernmental forum called the "Hiroshima AI process" to debate issues around fast-growing AI tools

"He chatted with me via video call, and I also confirmed his face and voice in the video. That's why we let our guard down," the victim said

Companies that fall foul of the new rules, likely to come into effect sometime this year, could have their services suspended, face fines or even face a criminal investigation

"Until our company's official announcement, any Ernie app you see from App Store or other stores are fake," the Chinese search engine giant said in a statement