tech
CNBC's The China Connection newsletter: U.S.-China tech rivalry heats up—in other countries
U.S. and Chinese tech companies are increasingly pursuing opportunities outside their home markets, with government policy support.
TL;DR
- Chinese tech companies are expanding globally, creating a new phase of competition with U.S. firms.
- Chinese companies are launching low-cost AI models and focusing on industrial integration, with potential for global job creation.
- China is proactively integrating into global innovation and industrial chains, evidenced by events like the China International Supply Chain Expo.
- The U.S. is countering by strengthening its global tech supply chains through initiatives like 'Pax Silica' and advanced manufacturing programs.
- Both American and Chinese companies are investing in overseas markets, particularly in cloud computing infrastructure in Europe and Asia.
- The global AI race is evolving beyond model development to encompass broader ecosystems and AI-powered hardware like humanoids.
- China has fulfilled its soybean purchase agreement with the U.S., and subsequent purchases have begun.