China says it will set governance rules for algorithms in the next three years

BEIJING, Sept 29 (Reuters) - China's cyberspace regulator and other government bodies will establish governance rules for algorithms in about three years, it said on Wednesday, as Beijing seeks to tighten its grip on the algorithms that tech companies use to attract users. The China Cyberspace Administration (CAC) said in a statement that algorithms developed by tech firms should uphold the core values of socialism and that companies should establish systems for algorithm security and accountability. The CAC also said that it will establish professional evaluation teams to analyze in depth the mechanism of the algorithms, which should be "fair…