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Businessman hand holding tablet and Yuan currency sign on digital map backgroung.Chinese Yuan digital currency and circuit background.Technology digital Financial and china cryptocurrency concept.
Businessman hand holding tablet and Yuan currency sign on digital map backgroung.Chinese Yuan digital currency and circuit background.Technology digital Financial and china cryptocurrency concept.

Why China Is Making a Bold Gamble With Digital Currency

“Controllable anonymity” means that all transactions between individuals are visible to the People’s Bank and trackable by the Chinese government

Last week, China announced the national rollout of the electronic yuan, a plan in the works since 2014. The e-CNY* or Digital Currency Electronics Payment (DCEP) was piloted last year in four major Chinese cities: The digital yuan resides in cyberspace, available on the owner’s mobile phone — or on a card for the less tech-savvy — and spending it doesn’t strictly require an online connection. It appears on a screen with a silhouette of Mao Zedong, looking just like the paper money. In tests in recent months, more than 100,000 people in China have downloaded a mobile-phone app from the central bank enabling them to spend small government handouts of digital cash with merchants, including Chinese outlets of Starbucks…

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Chinese Entrepreneur Jack Ma Missing After Criticizing The Party

If even Jack Ma can just disappear in China’s high tech world, is anyone safe?

Several media outlets are asking “Where is Jack Ma?” China’s most well-known tech entrepreneur and self-made billionaire has not been seen publicly after a speech he gave at the Bund Summit in Shanghai in October criticizing China’s financial system. CNBC’s David Faber reports that Ma (pictured) is not missing but “laying low” and is purposely remaining less visible after his speech angered the CCP. Radio Free Asia, however, says Ma is definitely under a travel ban and may be “under restrictive measures.” More ominously, Asia Times Financial reports that a CCP mouthpiece has said Jack Ma is now “embracing supervision” at an undisclosed location. So who is Jack Ma? He is the founder of e-commerce company Alibaba Group. The company’s…

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Hammer and nails

Is Technology a Tool or a Tyrant?

A conversation between tech entrepreneurs Jack Ma and Elon Musk outlines some choices

Last week noted U.S. technologist Elon Musk and Alibaba executive Jack Ma engaged in a friendly debate at the World Artificial Intelligence Conference in Shanghai. The two agreed on a lot. AI is useful, it isn’t going anywhere, and the technology will continually improve. Where they differed is what it means for us humans. For Ma, technology is a tool for our benefit. In his thinking, our technological future will bring us to a point where the average person need only work a few hours a week. Technology will automate away most of the treacherous or dull tasks and allow us to spend more time being human, engaging in the arts, and engaging with each other. Musk’s view of technology…

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Chinese Technocracy Surges Ahead with AI Surveillance

So what do the reservations expressed, about “the soul” and “love,” really mean?

Both big tech entrepreneurs Kai-Fu Lee and Jack Ma seem to believe in souls but do not believe that souls can be trusted with freedom, the way governments can.

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