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

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.

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.