Mind the loopholes in AI technology! A group of leading Chinese and American high-tech firms have collaborated to publish the first global standards on generative artificial intelligence and large language models. This cooperation comes as AI-generated deepfake contents negatively impact things from elections to money transactions in our daily lives. How far can AI go? Does the outlook of the AI sector still look as rosy as people had expected at the beginning? Host Tu Yun joins Andy Mok, a Senior Research Fellow at the Center for China and Globalization, William Lee, the Chief Economist of the U.S.-based Milken Institute, and Dr. Zhou Mi, Deputy Director, Institute of American and Oceania Study, Chinese Academy of International Trade and Economic Cooperation for a close look at the issue on this episode of Chat Lounge.