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.
The government's strategy is to "stabilise public spending, repay our debts, maintain growth, create jobs and lower taxes," Macron said.
President Xi Jinping bent the unwritten “seven up, eight down” rule for General Zhang Youxia, 72, a veteran of the 1979 Sino-Vietnamese War and one of a handful of PLA generals with combat experience.
Xi Jinping was elected general secretary of the 20th Central Committee of the Communist Party of China (CPC) at the committee's first plenary session held on Sunday, the state media outlet reported Xinhua reported.
Set against the backdrop of intensified geostrategic competition between the USA and China, however, this is an eventuality all countries and not just the dramatis personae must factor into their strategic calculus going ahead.
Both China and India have witnessed such sector-specific high growth which propelled their economies into higher and rapid growth trajectories and lifted millions out of poverty, albeit creating huge inequality.
