it's for gauge. what's the best strategy for foreign companies in china? chris cobra. welcome to the program. if this technology goes wrong, it can go quite wrong, says the chief executive of chat g, p t's open a i. sam oldman urged us congress to impose new rules on big tech a hearing on tuesday. mr. oldman proposed the us law makers to consider licensing and testing requirements before launching powerful models, as well as revoking permits. if rules are broken, his stress that it is critical to mitigate the risks of powerful models given concerns about this information, job security, and other hazards. this is a remarkable time to be working on artificial intelligence. but as this technology advances, we understand that people are anxious about how it could change the way we live. we are to we believe that we can and must work together to identify and manage the

potential downsides so that we can all enjoy the tremendous upside. it is a central, the powerful lay, eyes developed with democratic values in mind. and this means that us leadership is critical. i believe that we will be able to mitigate the risks in front of us and really capitalize on this technology potential to grow the us economy and the world's. or earlier i spoke to yvonne about to let issues the global privacy officer at re pro tech consulting. see, and i asked her what she made of some altman's appearance before congress. well, thank you so much, right, and great to be, we do, i mean some of them, it is right. do sign something that it's important something that some um many i'll say something that i may have said for very long time, which is that to be sure, intelligent springs, fantastic opportunities for the world. but at the same time it also carries bracelets. and if we want to make the most of a always so that it can benefit you by me,

then we really have to show that we have some governance in place to mitigate the race. and uh, he's been, it was very clear, i think, you know, in the, a, a, i think a section with congressman which was a come for swimming, which was very, but they were there was some alignment to back long. there was some alignment around the fact that to that to regulation has to be jayce. right? that to be at. so these alignment towards the, i believe quite important. i don't know what kind of regulatory models could we be looking at here as well in the you're in you're, we're actually going to head to base the committees have adopted in uh the, the a test on the, um the okay. may i ask, which is likely to go to the you from the retreat both of the 14th of june and they both stop the you due to institutional dialogue and the european act,

which is likely to be then approved by the end of the year is based on rates, so it basically says if the product is high risk, which means has an impact on us as individuals, it could infringe upon oh and to be true rights of freedom, some liberties are held in that case, they higher risk. and so we need to wrap some control surround it, and then there are some of those high risk that they're completely babs from the european union. so like, for example, things like the social story that is uh, happens in china that is seen this conflicted with the european way of leaving an adult. the right to nathaniel is back to you. are there also all the ways that we could regulate a i mean yeah, yeah. is able to the home, is that able really? i'll show you a discussion and i pretty much what countries to adult. they just,

i should around just efficient intelligence of their different ways of doing it and they should go to, i think that we have that agreement, that we, that is break. going to make sure that we need to regulate a post site. but we need to break his a to the page. yeah. oh goodness ations. you know, one of our to let a global privacy officer at the re, pro speaking to me earlier is are trying to investments safe. that is a question heard more frequently into room and board rooms these days as political attentions over taiwan, arising along with regulatory pressure and competition. on the chinese market, midsize companies in particular, which are the backbone of germany's economy, seem to reassess their china exposure. entrepreneur, unfair c, a g, a has been active on the chinese market for more than 20 years. his company, manufacturers, rubber and plastic parts like hoses for waste water plants and seals for solar system and 90 percent of all solar plants come from china and half of all

wastewater treatment plants worldwide are built in china. our products are for biological waste water treatment, which means it's an important market for us. so far. the family own company from honda over germany has its own factory in china, but yeager says it's not dependent on business there. he admits this is not typical for other operators in the german industry. you know, and it goes back to the fact that china is one of the largest markets in the world can be seen as a blessing or a curse. german industry has developed very well in china over the last 20 years. and many jobs here in germany depend in a certain way on china. but the question is, aren't there alternative markets that compliment china? the question applies to every entrepreneur at the moment. a concern within the

business community is that china could attack tie one that would be a red line for and today i see, i guess his company also does business in the us. so it's similarly dependent on american politics. if china were to attack, jaeger would have to make a decision about chinese. we would probably try to scale down our activities in china to such an extent that we would not be effected by the american sanctions under the conditions on zillow and mister yeager wants to keep producing in china. at the same time, he's trying to open up other markets in places like india and indonesia and spread his entrepreneurial risk as widely as possible. i'll be talking to an expert on china policy here in a moment. first, here's our correspondent on the question of whether he thinks china is becoming a riskier but for forward investors. because of growing regional tensions for the 1st time in decades,

some companies and investors have gone to consider with the risks of invested in china. how way the potential benefits and with china's top leader season calling for stronger national security and restrictions on the information available to foreign governments and companies. the chinese government itself is a celebrating decoupling for investors are not going to be comfortable work in that environment. if they feel that operations are constantly and inspect the leak, disrupted dw correspondence notes on hand. speaking from taipei, they're not before the show. i spoke to steve sang, director of the so us china institute in london. i asked them how risky it was before and companies to invest in china. our current move depends on what industry you are engaged in. if you are still engaged in the kind of, in a way to industries that china needs desperately. the chinese members do create a quick eyebrow and for you. but give you are engaged in industries where they

chinese themselves have the technology. then you don't have a right to make a huge profits. and you know, let's look at the 2nd part that he mentioned. there are now in these time of height and political tensions, fox flag and report, and he wants to work together with chinese tech firms like hallway to provide software for his, for the electric really, because need and, and china, what do you make of that? well, i think that is still potentially scope full. that collaboration, as long as walkway is driving it, and walkway is not losing control, but he's can already. but he's licking goes fucking dependent on qual, a technology, particularly if the technology will be used for the export of we had closed bill by respond and look inside china,

or indeed even outside of china hodge baldwin, and the as long as far away as these as long as hallway is driving this technology that understanding correctly there. yes, the idea depaula away was penned open to town or cheese true. and the orange clock company, i don't think is terribly realistic. probably a good one to be in control of it. but it's quite a conundrum that the foreign firms find themselves in here, right? i mean, you have growing pressure from domestic competitors on the electric. take a vehicle market for example, um and which would call for more investment. at the same time, the political demand in germany, for example, is to downsize the once profitable china exposure. well i think the need is for comp and companies like volkswagen history strike a balance both between the needs of china and denise of the home country as well as

a balance between the short term and the long term in the short term is, is to simply to work with a chinese ponder line twan play, but in the longer term, the walkways control over the technology could be a serious problem for a company like volkswagen. but that is maybe a longer term populum one of them and you may get short comfortable. do you see they are concerns about china investments among mid sized firms as compared to large multinational storage them? well, the chinese government would really be focusing much more on the technology. one of the size of the orange companies, whether you're talking about the medium sized companies or shoot, come going to rich. when you are dealing with the chinese system to the chinese system is usually while the pick up then your big multinational. just ask for data

and you have an edge. oh for you. a steve saying director of the source china institute in london speaking there. and you as a reminder of our top, sorry, chat g, p. t's open. i chief sam open urges to use congress to impose new rules on big tech and hearing mr. alton. propose that to you as lawmakers with consider licensing and testing requirements for launching powerful type models. and the rep so far show for more check out our website at dw dot com slash business press cover. and berlin, thanks for watching. have a successful day the

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