
China's Premier Li proposes global AI cooperation organisation
Speaking at the opening of the annual World Artificial Intelligence Conference in Shanghai, Li called AI a new engine for growth but said governance is fragmented and emphasised the need to step up coordination between countries to form a globally recognised framework for AI.
The three-day event brings together industry leaders and policymakers at a time of escalating technological competition between China and the U.S., with AI emerging as a key battleground between the world's two largest economies.
Washington has imposed export restrictions on advanced technology to China, including AI chips and chipmaking equipment, citing concerns the technology could enhance China's military capabilities.
Despite these restrictions, China has continued making AI breakthroughs that have drawn close scrutiny from U.S. officials.
Li said AI technologies were rapidly evolving but that there were constraints, such as the lack of high-end computing chips and restrictions on talent exchange. He called for breaking through bottlenecks for open and coordinated innovation.
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Daily Mail
an hour ago
- Daily Mail
How podcast star David Sacks' rise to popular Trump ally started with cigars in back rooms and a strategic $10M purchase
As a group of prominent MAGA influencers and podcasters met at Shelly's Back Room, the smoke-filled cigar bar just a block away from the White House in February, an unassuming white haired man in a tailored suit entered the room. It was David Sacks, Trump's newly anointed artificial intelligence and cryptocurrency czar. The event, hosted by prominent MAGA figure Mike Cernovich and bitcoin millionaire and entrepreneur Erik Fineman, featured podcaster Tim Pool, who hosted a live recording in one of the side rooms. The group watched as Sacks joined the podcast as he easily chatted with the younger, and less wealthy, hosts as they reflected on the 2024 election over drinks and cigars. Sacks, a billionaire Silicon Valley investor, bet big on President Trump in the Summer of 2024, well aware of stakes if then-President Joe Biden won reelection. His well-attended fundraiser at his mansion that summer in San Francisco sent a signal to Silicon Valley that it was okay to support Trump again, and even cool. Turns out it was a smart bet. Sacks is now one of the president's top advisers, by spearheading a Republican approach to tech policy and attracting a wide fanbase in Washington, DC 'He's incredible. He's been a great member of President Trump's administration and has helped us bring in many new friends to the MAGA movement,' Trump's media advisor and podcast guru Alex Bruesewitz told the Daily Mail about Sacks. Sacks, with his three poker buddies and co-hosts of the popular podcast 'All In,' had already emerged as celebrities in the podcast community as the four 'Besties' grew their show over the past few years. After that summer fundraiser, they hosted Trump on their pod for nearly an hour. The billionaire presidential candidate spoke easily in the forum of friends, joking about their status and wealth and discussed what he would do for the economy and tech industry. Sacks' gamble paid off as Trump appointed him to the administration after the election, putting him in an unprecedented position of influence in the burgeoning new industries. Tech leaders and cryptocurrency moguls celebrated at the exclusive 'Crypto Ball' in January to celebrate Trump's inauguration, as Sacks celebrated the new era of cryptocurrency expansion. 'The reign of terror against crypto is over,' Sacks proclaimed to the cheering crowd. Sack's new role thrust him into an unfamiliar social territory of Washington, DC. He moved quickly to integrate himself into Washington society, purchasing a $10 million property in Northwest DC. Despite his big real estate moves, his calm, unassuming personality serves him well in the city as he has been spotted at the Ned's club near the White House. 'David's super smart. I see him around in DC all the time,' Fineman told the Daily Mail. 'He can kind of blend in. He's a chill guy.' Groups of young DC professionals and staffers typically huddle to ask 'Is that him?' when he enters a room and gradually attracts attention from fans who cautiously approach him for a photo and a quick conversation. In May, Sacks moved to start his own private 'Executive Branch' club in Georgetown, as he explained the podcast he found the clubs in Washington, DC 'kind of old and stuffy.' 'We wanted to create something new, hipper, and Trump-aligned,' he said. The exclusive club costs as much as $500,000 to join, as Sacks promised it would be free of lobbyists and 'fake news' reporters for elite professionals. But Sacks does not spend his time there exclusively, as he is known to appear at other clubs and events around the city. This week, Sacks successfully celebrated a milestone achievement with the release of the administration's new 28-page AI Action Plan at a summit in Washington, DC, which was co-hosted by the All-in podcast. Sacks, together with Chamath Palihapitiya, Jason Calacanis, and David Friedberg created the All-In podcast during the coronavirus pandemic, as the quarantined friends started dabbling with the format to recreate the lifestyle they were used to before California locked down. Each host, wealthy tech investors in their own right, exhibit their own unique egos, backgrounds, and ideas on the show. Their political views vary so much that it often leads to dynamic, and at times fraught, conversations that appeal to anyone ranging from MAGA diehards to liberal vegans. The unique podcast formula quickly drew a passionate fan base that grew beyond Silicon Valley, as the four friends banter through issues facing the country and dabble in politics. It re-introduced Trump to their unique audience, demonstrating why it could be a good thing to put the bombastic former president back in the White House. The four friends united over their shared loathing of 'woke' policies that consumed the tech industry, especially censorship and defended the importance of classically liberal values like freedom of speech. At the summit in Washington, the podcast co-hosts interviewed Vice President JD Vance as well as Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, Energy Secretary Chris Wright, and Department of Interior Doug Burgum President Trump also appeared at the summit to deliver the path forward for artificial intelligence, praising Sacks as a 'smart guy.' 'I did that podcast a year and a half ago and I said, 'This is something.' It was pretty new, pretty raw. Everybody I knew saw that podcast. I said, 'Well, he's got something pretty good. Who is that guy?'' Trump said. The four friends watched as the president prioritized issues they had talked about on their podcast for years, enshrining them into policy positions that will reverberate throughout the industry. 'It's actually very uncool, as somebody told me the other day. It's so uncool to be woke,' Trump said. 'I encourage all American companies to join us in rejecting poisonous Marxism in our technology.' With his wealth, podcast popularity, and newfound political clout, more people know who he is as Sacks has emerged as a significant figures in Washington in just six months. Sacks did not respond to a Daily Mail interview request. 'David Sacks is an incredibly successful businessman and visionary in emerging technologies. His service to the President and dedication to his work here is crucial to ensuring America is prepared to win the AI race and secure our global technological dominance,' White House deputy press secretary Harrison Fields told the Daily Mail. Sack's swift success demonstrates a stark contrast to other Silicon Valley geniuses who quickly sour on the bureaucracy and backstabbing in the swamp of Washington. As everyone in Trumpworld knows, success in one position can swiftly lead to future opportunities.


Telegraph
3 hours ago
- Telegraph
Milei's bet on China threatens an ugly fallout with his idol
When firebrand libertarian Javier Milei was campaigning to be president, he vowed that under his watch Argentina would not engage with 'decadent communists' like the Chinese, branding their leaders murderers and thieves. But 18 months is a long time in geopolitics. Milei, one of the few world leaders to attend the presidential inauguration of his political hero Donald Trump in January, has performed a remarkable political U-turn. On Monday, Milei rewrote the visa rules to make it easier for Chinese people to visit or work in Argentina. A week earlier, he unlocked a $5bn (£3.7bn) China-backed hydroelectric project in the country's south, which had been fractiously frozen since before he took office. And in April he renewed a currency swap arrangement with China, worth about 35bn yuan (£3.6bn) – a move that prompted an alarmed White House to dispatch Scott Bessent, the US treasury secretary, to Buenos Aires to deliver a dressing-down. By cosying up to China, Milei is risking his idol's ire. What has changed? Economics vs politics On the campaign trail in 2023 Milei told Argentine voters: 'I am not going to do business with any communist.' He has previously branded the country a 'bloody dictatorship'. But by last December he was having a sit-down with Xi Jinping, the Chinese president, on the sidelines of the G20 summit in Rio, and said he was up for a trip to Beijing. 'If you compare Milei during the campaign to Milei as president, he has softened his views on many, many issues. One of them is China,' says Bruno Binetti, an associate fellow at Chatham House, a think tank. 'He is adapting to the realities of governing, without this affecting his core beliefs and identity.' While Trump and Milei might be political soulmates – radically anti-woke, anti-regulation, anti-net-zero – Argentina cannot do without China's appetite for its exports, nor its investment into areas like mining and energy. 'If you want the economy to grow, if you want to show that Milei's economic model can generate growth, then you need good ties with China,' Binetti says. Milei has tried to separate this economic need from Argentina's wider political and diplomatic relationships, from his radical reform agenda – which has won him admirers worldwide, including Kemi Badenoch, the Tory leader. He has refused to join the anti-Trump Brics group of Brazil, Russia, India, China and South Africa. 'We must separate the geopolitical question from our commercial question,' Milei told the Wall Street Journal last year. Trading and economic relationships should be driven by business and he would not be 'meddling in whatever the private sector decides'. But economics and politics don't separate so easily, particularly in Trump's binary, zero-sum world. 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Not only was Milei at Trump's inauguration, but he came back a month later to publicly present Elon Musk, then setting up his department for government efficiency, with a version of his trademark bureaucracy-slaying chainsaw. The gift – which was inscribed with Milei's catchphrase 'Long live freedom, dammit!' – was handed over at a Conservative Political Action Conference, where Milei also met Trump. The two leaders discussed Argentina's 'groundbreaking economic reforms', according to a White House readout. Milei was back in the US yet again in April, heading to Trump's Mar-a-Lago resort for the 'American Patriots Gala', where he picked up an award recognising his 'unwavering dedication to freedom, market economics and conservative values'. But this time, Trump was unavailable. Supposedly a problem with the US president's helicopter prevented him from getting to Florida in time to catch Milei on this flying visit. That wasn't the only snub. The day before, Trump had unveiled his 'liberation day' tariffs – and there was no exemption for Argentina from the 10pc worldwide hit. Today, Trump's Aug 1 trade-deal-or-tariff deadline is looming and there is not yet any sign of any agreement with Milei that might ease the pain for Argentina's soy and beef exporters. By contrast, in early May several Chinese officials visited Buenos Aires to sign a deal to buy $900m of Argentine soybeans, corn and vegetable oil. The White House did reportedly help Argentina to secure a new $20bn loan programme from the International Monetary Fund in April. Mauricio Claver-Carone, Trump's special envoy for Latin America, said he hoped this might supplant the Chinese currency swap agreed at almost the same time. 'What we would like to see, eventually, is the end of the famous line of credit Argentina has with China,' he said. 'That line of credit is extortionate, and as long as they maintain that line of credit, China will always be able to extort.' Beijing shot back. 'Fair-minded people are able to tell who is extorting and coercing others and making trouble,' said Chinese foreign ministry spokesman Lin Jian. Balancing act Milei will probably try to keep the two superpowers in some kind of balance. But both will be looking to use carrots and sticks to tip favour their way. China seems to be making most of the running right now, and has ambitions to get further ahead of Trump. A Chinese official told the Argentine newspaper Clarin earlier this year: 'We're doing well, but not as well as we'd like'. If Beijing is appealing to Milei's pragmatism, Washington can count on his passion. His friendship and ideological affinity with Trump will likely stop the scales from tipping too far towards China. 'Milei sees himself clearly as a global leader figure in a Right-wing, pro-West, pro-market movement. And his alignment with Trump is a big part of that identity – it makes him feel part of something bigger,' Binetti says. 'You'd think that given Milei's symbolic role in some Trumpist circles in the US, he would get a little bit more leeway.' If Milei's rapprochement with the Chinese continues to deepen, he might end up testing just how far that leeway extends.


Reuters
3 hours ago
- Reuters
Rubio urges Cambodia, Thailand to deescalate, offers US for talks
WASHINGTON, July 27 (Reuters) - U.S. Secretary of State Marco Rubio spoke with the foreign ministers of Cambodia and Thailand on Sunday, urging them to immediately deescalate tensions and telling them the United States was ready to help with talks, the State Department said. "The United States is prepared to facilitate future discussions in order to ensure peace and stability between Thailand and Cambodia," the department said in statements on Sunday about separate calls with Thai Foreign Minister Maris Sangiampongsa and Cambodian Foreign Minister Prak Sokhonn.