Latest news with #globalcompetition
New York Times
a day ago
- Business
- New York Times
Why Trump Just Gave China the Keys to A.I.'s Future
Hosted by Michael Barbaro Featuring Tripp Mickle Produced by Stella TanSydney Harper and Jessica Cheung Edited by Lexie Diao Original music by Marion LozanoDan PowellDiane Wong and Pat McCusker Engineered by Chris Wood In the global fight to dominate A.I., China is quickly catching up to the United States — which is why President Trump barred the tech giant Nvidia from selling its superpowered computer chips to Chinese companies. Then, a few days ago, Mr. Trump abruptly changed course. Tripp Mickle, who covers Silicon Valley for The New York Times, explains how Nvidia's C.E.O. persuaded the president that the best way to beat China at A.I. is to help them compete. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at or on Apple Podcasts and Spotify. Tripp Mickle, who reports about Silicon Valley for The New York Times. Nvidia said that the U.S. had lifted restrictions on A.I. chip sales to China. How Nvidia's Jensen Huang persuaded Mr. Trump to sell A.I. chips to China. There are a lot of ways to listen to 'The Daily.' Here's how. We aim to make transcripts available the next workday after an episode's publication. You can find them at the top of the page. The Daily is made by Rachel Quester, Lynsea Garrison, Clare Toeniskoetter, Paige Cowett, Michael Simon Johnson, Brad Fisher, Chris Wood, Jessica Cheung, Stella Tan, Alexandra Leigh Young, Lisa Chow, Eric Krupke, Marc Georges, M.J. Davis Lin, Dan Powell, Sydney Harper, Michael Benoist, Liz O. Baylen, Asthaa Chaturvedi, Rachelle Bonja, Diana Nguyen, Marion Lozano, Rob Szypko, Elisheba Ittoop, Mooj Zadie, Patricia Willens, Rowan Niemisto, Jody Becker, Rikki Novetsky, Nina Feldman, Carlos Prieto, Ben Calhoun, Susan Lee, Lexie Diao, Mary Wilson, Alex Stern, Sophia Lanman, Shannon M. Lin, Diane Wong, Devon Taylor, Alyssa Moxley, Olivia Natt, Daniel Ramirez, Brendan Klinkenberg, Chris Haxel, Maria Byrne, Anna Foley and Caitlin O'Keefe. Our theme music is by Jim Brunberg and Ben Landsverk of Wonderly. Special thanks to Sam Dolnick, Paula Szuchman, Lisa Tobin, Larissa Anderson, Julia Simon, Mahima Chablani, Elizabeth Davis-Moorer, Jeffrey Miranda, Maddy Masiello, Isabella Anderson, Nina Lassam, Nick Pitman and Kathleen O'Brien.
Yahoo
04-07-2025
- Business
- Yahoo
World Trading Tournament Reschedules Main Event to March 2026 and Announces Official Mini Tournament Series
WTT adjusts its global competition timeline to March 2026 and launches a Mini Tournament initiative to expand community participation HOCKESSIN, Delaware, July 03, 2025 (GLOBE NEWSWIRE) -- The World Trading Tournament (WTT) announces a strategic update regarding its operations and event calendar. In line with long-term planning and platform optimization, the WTT Main Event, initially scheduled for July 2025, will now take place in March 2026. This adjustment reflects the organization's ongoing commitment to delivering a reliable and inclusive global trading experience. The decision was driven by several key developments: Platform Expansion and Technology Enhancements:WTT is integrating advanced infrastructure to support real-time performance tracking, global participant access, and enhanced security. The goal is to ensure a seamless tournament experience for all users and traders. Strategic Partnerships:Several institutional and fintech partners have expressed interest in deeper collaboration. Extending the timeline allows WTT to onboard these partners more effectively, ensuring alignment across key objectives. Global Outreach:This strategic shift enables WTT to expand its global marketing and onboarding efforts, improve accessibility for traders in emerging markets, and provide additional time for participants to prepare and Trading Tournament: Dates Updated Participants already registered for the original July 2025 event may retain their entry or request a full refund by contacting support@ In conjunction with this update, WTT is launching its official Co-Branded Mini Tournament Program. This initiative enables selected community leaders and trading influencers to host WTT-sponsored tournaments with a fully funded USD 350 prize pool. Each mini tournament will be coordinated with the WTT operations team and must meet specific participation Mini Tournament Prize Pool These Mini Tournaments will serve as a lead-up to the March 2026 Main Event, encouraging early participation and community involvement under WTT's brand and oversight. WTT reaffirms its commitment to transparency, fairness, and innovation as it continues to build a structured, competitive global trading platform. Media Contact:World Trading Tournament Customer Supportsupport@ Photos accompanying this announcement are available at 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
South China Morning Post
04-07-2025
- Business
- South China Morning Post
To compete, Asia must learn from how China breeds apex predators
By the time they expand internationally, most Chinese companies have been through a Hunger Games-like winnowing process that makes them formidable competitors on the global stage. As well as being tempered by the fire of a hyper-competitive domestic economy, they have also been nurtured by a policy framework designed to support the best innovators with preferential taxes and access to financing. This unique model has produced the corporate equivalent of apex predators in global sectors from e-commerce to electric vehicles (EVs) and renewable energy . It also creates a hard but unavoidable question for policymakers and C-suites across the Asia-Pacific and beyond: how to respond to the growing international success of China Inc? For most Asian economies, tariffs are not an option because of their reliance on trade with the region's biggest economy. Instead, China's neighbours need to take a short- and longer-term approach. The international expansion of Chinese companies presents significant opportunities for businesses in the rest of Asia. Chinese investment is a key driver of economic growth across Southeast Asia, for example. The growth of supply chains driven by Chinese brands creates opportunities for other Asian firms to participate and learn. Over the longer term, the potential of artificial intelligence (AI) to transform businesses should create more decentralised supply chains and a more level playing field for smaller economies. China itself provides a key example. It surprised the world when a Chinese company disrupted the established AI order at the beginning of this year. With the right investment in this technology and related skills, other regional economies could surprise the world with breakthroughs too, and compete in the economy of the future.
Yahoo
24-06-2025
- Sport
- Yahoo
FIFA Club World Cup casting some doubts over European soccer dominance
Paris Saint-Germain's Fabian Ruiz reacts during Botafogo's upset victory in FIFA Club World Cup group play at the Rose Bowl on June 19. (Gregory Bull / Associated Press) Heimo Schirgi's first big job in soccer was as head of operations for UEFA, the largest and most influential of the global game's six geographic confederations. Part of that job involved planning and managing the UEFA Champions League, the largest and most influential club soccer competition in the world. So when Schirgi moved into his current job as FIFA's chief operating officer for the World Cup, he brought with him the knowledge that the Champions League, for all its prestige and gravitas, also had one weakness: its field was limited to the 55 soccer-playing countries of Europe. Advertisement 'You have all these club competitions on a confederation, continental level, right?' he said. 'But you don't have it on a global level. You never had clubs from South America competing against European clubs in a serious tournament with high stakes. 'I'm personally interested how the rest of the world's clubs are going to fare. There's only one way to find out.' Read more: French artist Thieb Delaporte-Richard sees World Cup poster as a love letter to L.A. That one way is the FIFA Club World Cup, which kicked off in the U.S. 10 days ago. And while the tournament has many flaws, it has gone a long way toward answering Schirgi's curiosity. Europe, it seems, isn't so dominant after all. Advertisement Paris Saint-Germain, the reigning European champion, lost to Botafogo, currently eighth in Brazil's Serie A. Iconic English club Chelsea was beaten handily by Flamengo, another Brazilian team. Mexico's Monterrey played Inter Milan, the Champions League runner-up, to a draw. Real Madrid, Europe's most decorated club, tied Al Hilal, which finished second in the Saudi Pro League. And Spanish power Atlético Madrid, which made the round of 16 in the Champions League, didn't even make it out of the group stage. Those results may still prove to be little more than a stumble on the way to an all-European final four. Or not. And that uncertainty, Schirgi insists, is why the Club World Cup was created. Read more: Attendance woes and hot weather creating problems for FIFA Club World Cup Advertisement 'Our sport is a sport where underdogs have a genuine chance, right?' he said. 'It's not just the money game. We know that club soccer is at a very high level.' The real winners through the tournament's first 34 games have been Latin American teams: Five of the six South American clubs entered Monday unbeaten, as did Mexico's Monterrey. And if there's been a big loser, it's arguably been Major League Soccer, which has shown it's not ready to play with the big boys. Although the U.S. league made history when Inter Miami beat Porto 2-1 in a group-stage game, marking the first time an MLS club has beaten a European team in a competitive match, the league's other two entries — LAFC and the Seattle Sounders — combined for just two goals and were shut out three times in their first five games, all losses. But if the first Club World Cup has proven to be surprisingly entertaining, even compelling, there have been a few hiccups. Attendance was hurt by several early weekday kickoffs and high admission prices, which forced FIFA to essentially start giving away tickets. The average announced attendance of 36,043 through the first 34 games was matched by nearly as many empty seats. Advertisement Just one game has sold out; six others drew fewer than 14,100 fans. Porto's Rodrigo Mora tries to cool off after the FIFA Club World Cup group match on Monday. (Adam Hunger / Associated Press) The weather has also proven difficult with several players complaining about the heat and humidity. It was so bad in Cincinnati last Saturday, Borussia Dortmund's substitutes watched the first half on TV in the dressing room. And it's only going to get worse. Temperatures are expected to top 100 degrees on Tuesday in New Jersey, where Porto plays Al Ahly, and an excessive heat warning has been issued in Philadelphia, where Chelsea and Esperance de Tunis meet. High 90s temperatures are also forecast Tuesday for Nashville, Tenn., and Charlotte, N.C., where afternoon games are scheduled. That, however, will serve as a wake-up call for next summer's World Cup, which will be played in similar conditions. Advertisement Perhaps the most complex problem FIFA faces in attempting to make the Club World Cup a significant quadrennial event, however, is the crowded fixture schedule. The World Cup will expand from 64 to 104 games next summer. Recent years have seen tournaments such as the Nations League added to the international calendar while club competitions including the Champions League, Europa League and Club World Cup expanded. Others, such as the Leagues Cup, were created out of whole cloth. As a result some players have played more than 70 matches for club and country in the last year. The fixture schedule has become so packed that the only place left to accommodate a monthlong tournament such as the Club World Cup was the traditional early summer break between one European season and the next. FIFPRO, the global union representing soccer players, has cited scientific research in its call for a mandatory four-week break each year. FIFA, the Club World Cup organizer, responded by offering a $1 billion prize-money purse to get teams to play through that break. Advertisement Read more: Juventus players have 'symbolic' visit with Trump at White House: 'It was a bit weird' 'With the introduction of the new Champions League format and the new Club World Cup, which extends for over a month, the workload on teams and players has increased significantly,' said Giuseppe Marotta, chairman and chief executive officer of Inter Milan. 'However these competitions also represent a huge opportunity in terms of visibility and revenue. For this reasons, they must be safeguarded. 'Adjustments should instead be made to the rest of the calendar to lighten the overall load.' Marotta suggests shortening league schedules, which means diminishing domestic competitions while giving more power to the likes of FIFA and UEFA. That could be a slippery slope, one that would make the world's game less local and more global. Advertisement But if the Club World Cup follows the trajectory of the Champions League, Schirgi thinks that's a trade worth making. 'The beginnings of the Champions League, it was not always this huge, great event,' he said. 'There is a lot of growth that needs to happen and a lot of education. We are super excited that we are part of history.' ⚽ You have read the latest installment of On Soccer with Kevin Baxter. The weekly column takes you behind the scenes and shines a spotlight on unique stories. Listen to Baxter on this week's episode of the 'Corner of the Galaxy' podcast. Get the best, most interesting and strangest stories of the day from the L.A. sports scene and beyond from our newsletter The Sports Report. This story originally appeared in Los Angeles Times.
Reuters
13-06-2025
- Business
- Reuters
South Korea President Lee promises to help companies minimise difficulties from competing globally
SEOUL, June 13 (Reuters) - South Korean President Lee Jae-myung said on Friday that his government would help companies expand and minimise difficulties from competing globally. His comments were made at a meeting with business leaders including Samsung Electronics ( opens new tab Chairman Jay Y. Lee.
