Live Trading News
Shayne Heffernan

Tencent, Alibaba and TikTok and Deep Fakes

By Shayne Heffernan2 min read

Chinese authorities on Thursday said they had summoned 11 tech companies including Tencent, Alibaba and TikTok owner ByteDance for talks on "deep fakes" and internet security, as regulators try to reel in the country's runaway digital sector.

The Cyberspace Administration of China (CAC) said talks concerned "voice software that has yet to undergo safety assessment procedures", as well as the application of "deep fake" technology.

It also said companies should report to the government plans to add new functions that "have the ability to mobilise society".

China has in recent months taken a tough line on the country's fast-growing tech firms, with 12 companies hit with fines last week for allegedly flouting monopoly rules.

Authorities last year halted a record $34 billion initial public offering by Alibaba fintech subsidiary Ant Group.

They called in its billionaire founder Jack Ma and then opened an investigation into Alibaba business practices deemed anti-competitive.

The latest summoning of big tech also involves companies such as smartphone maker Xiaomi, TikTok rival Kuaishou, and music streaming service NetEase Cloud Music, the CAC said.

The aim is to ensure they comply with regulations, carry out safety assessments, and take "effective rectification measures" if potential hazards are found.

In 2019, China issued rules banning online video and audio providers from using artificial intelligence (AI) and virtual reality technologies to produce "fake news".

"Fake news" has been generalised to mean anything from a mistake to a parody or a deliberate misinterpretation of facts.

Regulations stress the dangers of "deep fakes", meaning technology that manipulates videos to appear genuine but depict events or speech that never happened.

The CAC notice comes shortly after China blocked the US invite-only audio app Clubhouse.

The app briefly flickered in the mainland before vanishing but has since sparked a number of copycats.

President Xi Jinping on Monday warned about risks surrounding "platform" companies -- a term that could refer to mobile and internet firms -- and called for greater oversight of the sector.

Keep reading
NIST

NIST Graded Our Post-Quantum Cryptography. Zero Failures.

NIST's Algorithm Validation Test System generated test vectors nobody had seen, we answered them over the ACVP protocol, and NIST graded the result: 2,130 cases across ML-KEM, ML-DSA and SLH-DSA in every parameter set offered, zero failures, demo certificate A11025. This is what that proves, where we deliberately drew the claim narrower than NIST's own matrix, and why the FIPS 140-2 sunset on 21 September makes the distinction between being graded and grading yourself worth understanding.

Shayne Heffernan5 min
trading psychology

The Problem Is Not the Problem

People treat the Jack Sparrow line as a joke. The attribution is a joke. The sentence is not. Forty years in markets says the same thing Epictetus said in 125 CE and Robert Merton named in 1948: the event is finite, and the story you appoint to govern it is not. This essay walks the quote back to its actual sources, draws the loop that turns a feeling into an order, and sets out the four places a rule written in advance cuts the loop. Faith is not a hedge. It is a stance.

Shayne Heffernan17 min
KXCO

What KXCO Is, and Why the Hard Problem Was Never Intelligence

The prevailing enthusiasm assumes the hard problem is intelligence. It is not. It is that banks, hospitals, courts and governments are being asked to let software act on their behalf with no way to establish who decided, on what basis, or whether the record will still read in a decade. KXCO founder Shayne Heffernan sets out the architecture that answers those questions, drawn as a graph, and argues that properly constructed AI is an amplifier of human judgement rather than a replacement for it.

Shayne Heffernan22 min
AI accountability

AI Intelligence Scales. Accountability Does Not. Why KXCO Is Built for It.

Capability is becoming abundant and everything abundant gets cheap. What does not get cheap is the person who has to sign, and they can only carry what they can see. Four conditions follow from that, and four independent authorities reached the first of them last month without knowing it.

Shayne Heffernan5 min
Read Live Trading News on Telegram

Every story, signed and delivered.

Subscribe to the kxco channel and get the headline, the AI-written key takeaways, and the chain-anchor link the moment we publish. Audio versions and per-ticker subscriptions arrive in the next iteration.

Open @KnightsbridgeInsightsNo email required.