China's AI industry faces warnings and challenges

China's Payment & Clearing Association has warned against using OpenAI's ChatGPT and similar AI tools 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, some are bypassing restrictions to access it. The excitement over the chatbot has helped fuel a rally in tech, media, and telecom shares, with analysts cautioning bubble risks.