China's Cyberspace Administration (CAC) has proposed new draft measures for regulating generative artificial intelligence (AI) services, requiring companies to undergo security assessments before launching to the public. The move comes amid growing global concerns over the risks posed by the technology. While supporting AI innovation, the CAC has stipulated that content generated by generative AI must be in line with China's core socialist values, and that providers must ensure the legitimacy of data used to train AI products and prevent discrimination when designing algorithms and training data.

The public can comment on the proposals until 10 May, with the measures expected to come into effect later this year. Non-compliance could result in fines, service suspension or even criminal investigations.

In related news, China's Payment & Clearing Association has also warned against the use of OpenAI's ChatGPT and similar AI tools, citing risks such as 'cross-border data leaks,' and advising payment industry staff to comply with relevant laws and not to upload confidential information related to the country and finance industry.