The Ethics of AI: How Technology Leaders Are Addressing Moral Dilemmas

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On Monday (February 25), the three major indices of China's A-shares opened significantly higher, with the Shanghai Composite Index rising by 1.22%, the Shenzhen Component Index up by 1.78%, and the ChiNext Index gaining 2.13%. After the market opened, the three major A-share indices surged collectively. By midday, the Shanghai Composite Index had risen 3.32%, the Shenzhen Component Index 4.25%, and the ChiNext Index 4.74%. The Shanghai Composite Index stood above the annual moving average and approached the 2,900-point mark, while the ChiNext Index also regained the 1,500-point level, heading towards its annual moving average. The trading volume of the two exchanges during the morning session amounted to 627.9 billion yuan, surpassing the total trading volume of the previous trading day. In terms of sectors, internet finance and securities stocks continued to lead the market with multiple stocks hitting the daily limit. Nearly 15 securities stocks, including CITIC Securities, Tianfeng Securities, and China Galaxy, hit the upper limit. In the internet finance sector, Anxin Trust (600816) reached the daily limit for the fifth time in six days, while Baode Corporation (300023) and Shanxi Trust A continued to hit the limit. Tech stocks also experienced a continued surge, with the computer sector leading the Shenwan Industry Index. Over 20 stocks, including Dongfang Electronics (300166), Today International, and Desay SV Automotive, hit the daily limit. The flexible display sector also saw strong gains, with BOE A reaching the daily limit after a trading volume of nearly 10 billion yuan. Heavyweight stocks also performed well, with China People's Insurance hitting the daily limit, and New China Life Insurance (601336), China Life Insurance, and China Pacific Insurance (601601) all posting significant gains. Airline stocks also showed impressive performance, with Air China briefly hitting the daily limit and Juneyao Airlines (603885) surging by 8%. Several hot stocks did not miss out on the rally, with Eastcompeace (600776) hitting the upper limit for the 10th time in 11 days. Guofeng Plastic (000859) also reached the upper limit for the 10th consecutive day, while Minjiang Hydropower (600131), Fengfan Stock (601700), North High Tech (600604), Tongsan Lixing (002243), People.cn (603000), Hengli Industrial (000622), Shunhao Co., and LY Manufacturing also hit the daily limit. On the downside, Xingye Mining (000426) hit the lower limit at the opening of the morning session, with a sell order volume reaching 1.15 million shares. At the limit price of 6.6 yuan, 760 million yuan worth of shares were awaiting sale. By midday, the stock had fallen 3.82%. The company's announcement indicated that a major transportation accident involving a subsidiary had occurred, resulting in 21 deaths, which may have a significant negative impact on its performance. The A-share index surged, with 26 leveraged B-shares rising by over 9% during trading, and 12 funds, including Fullgoal CSI Mobile Internet B and E Fund Securities B, hitting the upper limit. It is worth noting that despite the strong market rally and significant profit opportunities in A-shares, northbound funds showed a net outflow. By midday, the Shanghai-Hong Kong Stock Connect had a net outflow of 1.391 billion yuan, while the Shenzhen-Hong Kong Stock Connect had a net inflow of 844 million yuan. In terms of news, on the evening of February 24, Huawei held a product launch event in Barcelona, Spain, where it introduced its first 5G smartphone, the Mate X, priced at 2,299 euros for the 8+512GB version. Huawei announced that the Mate X would be available in mid-2019 but did not specify an exact release date. The price of 2,299 euros is approximately equivalent to 17,500 yuan. Earlier this morning, according to a report by Xinhua News Agency, the seventh round of high-level Sino-U.S. trade negotiations had concluded. Both sides further implemented the important consensus reached during the meeting between the two countries' leaders in Argentina, conducting negotiations on the agreement text and making substantive progress on specific issues such as technology transfer, intellectual property protection, non-tariff barriers, services, agriculture, and exchange rates. Based on this, both parties will follow the instructions of their respective leaders to carry out the next steps of work.