Baidu is planning to launch an artificial intelligence chatbot service similar to OpenAI's ChatGPT, according to a person familiar with the matter. This would be China's most prominent entry in a race that has been touched off by the tech phenomenon.

A top Chinese official has announced that investigations into the financial businesses of several internet companies have been completed, signalling an end to a two-year regulatory crackdown on China's homegrown technology giants.

China is implementing new rules to restrict the production of deepfakes.

Asian markets rose on Thursday, with investors appearing unfazed by the U.S. Federal Reserve's decision to raise interest rates in order to combat inflation.

In China, businesses are investing heavily in virtual employees for a variety of purposes, ranging from customer service to the entertainment industry.‍ Baidu, a tech company, reported that the number of virtual people projects they have completed for customers has increased by 100% since the previous year. Prices for these projects range from a low of $2,800 to a high of $14,300 annually.