China's AI industry faces growing concerns over data privacy and market risks.

China's Payment & Clearing Association has warned against using AI tools like Microsoft-backed OpenAI's ChatGPT due to risks such as cross-border data leaks. The association has urged payment industry staff to comply with laws and rules when using such tools and not upload confidential information related to the country and finance industry. While OpenAI has kept its chatbot off-limits to users in China, the app is attracting huge interest there, with firms rushing to integrate the technology into their products and launch rival solutions.