
Unpacking Geopolitics Behind the AI Race
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China Premier Warns of AI ‘Monopoly' as US Effort Quickens
(Bloomberg) — China will spearhead the creation of an international organization to jointly develop AI, the country's premier said, seeking to ensure that world-changing technology doesn't become the province of just a few nations or companies. Trump Awards $1.26 Billion Contract to Build Biggest Immigrant Detention Center in US The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Can This Bridge Ease the Troubled US-Canadian Relationship? Trump Administration Sues NYC Over Sanctuary City Policy Artificial intelligence harbors risks from widespread job losses to economic upheaval that require nations to work together to address, Premier Li Qiang told the World Artificial Intelligence Conference in Shanghai on Saturday. That means more international exchanges, Beijing's No. 2 official said during China's most important annual technology summit. Li didn't name any countries in his short address to kick off the event. But Chinese executives and officials have taken aim at Washington's efforts to curtail the Asian country's tech sector, including by slapping restrictions on the export of Nvidia Corp. chips crucial to AI development. On Saturday, Li acknowledged a shortage of semiconductors was a major bottleneck, but reaffirmed President Xi Jinping's call to establish policies to propel Beijing's ambitions. The government will now help create a body — loosely translated as the World AI Cooperation Organization — through which countries can share insights and talent. 'Currently, key resources and capabilities are concentrated in a few countries and a few enterprises. If we engage in technological monopoly, controls and restrictions, AI will become an exclusive game for a small number of countries and enterprises,' Li told hundreds of delegates huddled at the conference venue on the banks of Shanghai's iconic Huangpu river. China and the US are locked in a race to develop a technology with the potential to turbocharge economies and — over the long run — tip the balance of geopolitical power. This week, US President Donald Trump signed executive orders to loosen regulations and expand energy supplies for data centers — a call to arms to ensure companies like OpenAI and Google help safeguard America's lead in the post-ChatGPT era. At the same time, the breakout success of DeepSeek has inspired Chinese tech leaders and startups to accelerate research and roll out products such as open-sourced models, robots and AI agents. That parade of technology represents Chinese developers' efforts to set world standards and benchmarks, and grab a bigger slice of the global market. They also dovetail with Beijing's broader efforts to ensure self-reliance on critical technologies in the face of tensions between the world's economic superpowers. The weekend conference in Shanghai — gathering star founders, Beijing officials and deep-pocketed financiers by the thousands — is designed to catalyze that movement. The event, which has featured Elon Musk and Jack Ma in years past, was launched in 2018 to showcase China's cutting-edge technology. This year's attendance may hit a record because it's taking place at a critical juncture in the global race to lead the development of generative AI. It's already drawn some notable figures: Nobel Prize laureate Geoffrey Hinton and former Google chief Eric Schmidt were among industry heavyweights who met Shanghai party boss Chen Jining on Thursday, before they were due to speak at the conference. Going forward, China will seek to propel AI development in the Global South, Li said, referring to a loose gathering that includes Brazil and Africa. Schmidt later echoed Li's call for nations to work together — particularly China and the US. 'The upsides are phenomenal,' he told delegates. 'As the largest and most significant economic entities in the world, the United States and China should collaborate on these issues,' he said. 'We have a vested interest to keep the world stable, keep the world not at war, to keep things peaceful, to make sure we have human control of these tools.' —With assistance from Jing Li and Charlie Zhu. (Updates with Schmidt's comments from the 11th paragraph.) Burning Man Is Burning Through Cash Confessions of a Laptop Farmer: How an American Helped North Korea's Wild Remote Worker Scheme It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Elon Musk's Empire Is Creaking Under the Strain of Elon Musk A Rebel Army Is Building a Rare-Earth Empire on China's Border ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Netflix (NFLX) Premieres K-Content Thriller 'Trigger' In Global Release
During the last quarter, "Trigger," a series by K Wave Media and a Netflix worldwide release, highlighted the company's expanding global content strategy. Alongside an increase in Q2 sales and net income, Netflix announced positive earnings and revised its full-year earnings guidance, indicating robust operational growth. The company's strategic alliances, such as its collaboration with Telefilms Ltd. and opening Netflix House locations, likely reinforced investor confidence. While Netflix's 7% price increase outpaced the market's modest 1% rise last week, these developments would have naturally supported the broader positive market trend, contributing to its performance. Buy, Hold or Sell Netflix? View our complete analysis and fair value estimate and you decide. We've found 17 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. The recent news surrounding Netflix's (NFLX) "Trigger" series and strategic collaborations like those with Telefilms Ltd. may further bolster its aggressive global expansion and content strategy. This aligns well with the broader narrative of enhancing monetization through proprietary ad tech and diversified content investment. While short-term share increases of 7% illustrate positive market response, the potential impact on revenue and earnings forecasts could be significant as these initiatives enhance user engagement and international market penetration. In the context of total shareholder returns, Netflix's shares have delivered a substantial 424.9% return over the past three years. Over the past year, Netflix outperformed the US market, which returned 17.2%, and the US Entertainment industry, which returned 69.7%, demonstrating resilient long-term investor returns. With a current share price of US$1180.49 and a price target of US$1345.32, Netflix is trading at approximately 13.96% below its target, highlighting room for potential appreciation if the company meets or exceeds analyst expectations. Click here and access our complete financial health analysis report to understand the dynamics of Netflix. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NFLX. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
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Block AI Labs Empowers Startups with Affordable, AI-Driven Software Development from U.S. and Colombia
Leveraging Medellín's rising tech talent and bilingual support, Block AI Labs delivers smart solutions for global startups. AUSTIN, Texas, July 26, 2025 /PRNewswire/ -- Block AI Labs, founded by tech entrepreneurs Daniel and David Shnader, is transforming the way startups access high-quality software development by combining U.S. leadership with top-tier engineering talent in Medellín, Colombia. The company specializes in affordable, full-stack development and AI integration services, supporting emerging startups across the U.S., Canada, Australia, and other global tech leveraging Medellín's fast-growing digital nomad and IT community, Block AI Labs delivers powerful, scalable software solutions with bilingual (English and Spanish) support. This cross-border model ensures seamless collaboration, fast turnaround times, and access to global expertise — all at a startup-friendly price AI Labs is the driving force behind several innovative AI-based platforms, including: – AI voice assistant and chatbot automation tools – AI-powered local SEO and social media automation – Bookkeeping and tax return software for freelancers and solopreneurs – Fintech solution for automated credit card dispute resolution and identity verification With a focus on innovation, communication, and execution, Block AI Labs helps startups go from idea to launch faster, smarter, and more efficiently. The company's international footprint, bilingual team, and proven track record make it a trusted development partner for founders and innovators around the more information, visit Shnadersupport@ ID: View original content: SOURCE Block AI Labs Sign in to access your portfolio