Year of snakes, ladders
As China celebrates the Lunar Year of the Snake, the first angpow (red packet gift) was the DeepSeek AI software that shook Wall Street to the tune of nearly $1 trillion in market capitalization.
As China celebrates the Lunar Year of the Snake, the first angpow (red packet gift) was the DeepSeek AI software that shook Wall Street to the tune of nearly $1 trillion in market capitalization.
For decades, the prevailing assumption in technology circles has been that the West, led by the United States, enjoys an unassailable dominance in advanced research and innovation.
The global artificial intelligence (AI) landscape has witnessed a new shift with the emergence of China’s DeepSeek, a powerful AI model developed to counterbalance American AI giants like OpenAI, Google, and Meta. The release of DeepSeek sent shockwaves through the stock market, causing NVIDIA, one of the biggest players in AI hardware, to lose nearly $500 billion in market capitalization overnight
The European Commission presented the Competitiveness Compass, a strategic blueprint aimed at restoring the European Union (EU)'s economic edge and driving technological leadership as it seeks to close the gap with the US and China.
Chinese Foreign Minister Wang Yi on Monday told Foreign Secretary Vikram Misri that India and China should seize the opportunity to meet each other halfway, explore more substantive measures, and commit themselves to mutual understanding, mutual support and mutual achievement, rather than mutual suspicion, alienation and mutual depletion.
Jack Ma, the founder of the e-commerce giant Alibaba who until the tech clampdown was China's richest person, has rarely been seen in public since criticising the attitude of Chinese regulators towards tech companies at a summit in Shanghai two years ago, said the Guardian report.
The protests are exceptional because defiance of state authority is rare in China. They are now widespread, for even the filtered flow of information out of the country suggests that thousands may have taken to the streets in cities as far apart as Urumqi, Shanghai, Chengdu, Guangzhou, Nanjing, and Beijing to voice their anger.
For China, India is an adversary that it must suppress prior to challenging the West. After all, India is the US’s close ally in both Asia (Quad) and I2U2 (India, Israel, UAE, and the US) in West Asia.
A heavy police presence has been reported in several cities, and some gatherings were quelled or failed to materialise, reports the BBC.
Sunak said, "We are taking a long-term view on China strengthening our resilience and protecting our economic security," and added that the UK cannot simply ignore China's global significance.
