My understanding from those conversations is that China will be initiating AI regulation in China,' Musk said on Monday.

The Chinese government will seek to initiate artificial intelligence regulations in its country, billionaire Elon Musk said on Monday after meeting with officials during his recent trip to China.

Elon Musk said top Beijing officials told him during his recent trip to China that they have plans to launch new regulations on artificial intelligence. | TAG24

It is in this context that Elon Musk, the world's most powerful CEO, last week traveled to China for a two-day visit under close surveillance. The iconoclastic and unpredictable side of the billionaire CEO of electric-vehicle maker Tesla made the visit a geopolitical event and a must-watch for the business community.