LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

China releases AI action plan days after the U.S. as global tech race heats up

Garry Wills by Garry Wills
July 26, 2025
in Business Finance
China releases AI action plan days after the U.S. as global tech race heats up
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Chinese Premier Li Qiang spoke at the opening of the World Artificial Intelligence Conference in Shanghai on Saturday, July 26, 2025.

Bloomberg | Bloomberg | Getty Images

SHANGHAI — The tech race between the world’s two largest economies just intensified.

China on Saturday released a global action plan for artificial intelligence, calling for international cooperation on tech development and regulation.

The news came as the annual state-organized World Artificial Intelligence Conference kicked off in Shanghai with an opening speech by Premier Li Qiang, who announced that the Chinese government has proposed the establishment of a global AI cooperation organization, according to an official readout.

Days earlier, U.S. President Donald Trump announced an American action plan for AI that included calls to reduce alleged “woke” bias in AI models and support the deployment of U.S. tech overseas.

“The two camps are now being formed,” said George Chen, partner at the Asia Group and co-chair of the digital practice.

“China clearly wants to stick to the multilateral approach while the U.S. wants to build its own camp, very much targeting the rise of China in the field of AI,” Chen said.

You might also like

Warren Buffett to step up giving away fortune to his children’s foundations, while supporting successor Abel

Stocks making the biggest moves midday: Penn Entertainment, Metsera, Six Flags & more

Trump proposes 50-year mortgage, but some say homeowner savings would be minimal

He noted how China may attract participants from its Belt and Road Initiative, while the U.S. will likely have the support of its allies, such as Japan and Australia.

In his speech, Premier Li emphasized China’s “AI plus” plan for integrating the tech across industries and said the country was willing to help other nations with the technology, especially in the Global South. The category loosely refers to less developed economies, especially countries outside the U.S. and European orbits.

Since 2022, the U.S. has sought to restrict China’s access to advanced semiconductors for training AI models. Earlier this month, U.S. chipmaker Nvidia said the U.S. was allowing it to resume shipments of a less advanced H20 chip to China after a roughly three-month pause.

However, China has been developing homegrown alternatives, which Nvidia CEO Jensen Huang both praised and described as “formidable” during his third trip to China this month.

Former Google CEO Eric Schmidt met with Shanghai Party Secretary Chen Jining on Thursday in the city ahead of the AI conference, according to a city announcement. Schmidt did not immediately respond to a CNBC request for comment.



Source link

Share30Tweet19
Previous Post

Even many high-earning Americans don’t feel wealthy. Here’s why

Next Post

Credit cards can be an ‘amazing tool’ for your wedding, expert says — but only if you’re ‘strategic’

Garry Wills

Garry Wills

Recommended For You

Warren Buffett to step up giving away fortune to his children’s foundations, while supporting successor Abel
Business Finance

Warren Buffett to step up giving away fortune to his children’s foundations, while supporting successor Abel

November 10, 2025
Stocks making the biggest moves midday: Penn Entertainment, Metsera, Six Flags & more
Business Finance

Stocks making the biggest moves midday: Penn Entertainment, Metsera, Six Flags & more

November 10, 2025
Trump proposes 50-year mortgage, but some say homeowner savings would be minimal
Business Finance

Trump proposes 50-year mortgage, but some say homeowner savings would be minimal

November 10, 2025
Miran says half-point cut ‘appropriate’ for December, but Fed should at least reduce by a quarter point
Business Finance

Miran says half-point cut ‘appropriate’ for December, but Fed should at least reduce by a quarter point

November 10, 2025
Next Post
Credit cards can be an ‘amazing tool’ for your wedding, expert says — but only if you’re ‘strategic’

Credit cards can be an 'amazing tool' for your wedding, expert says — but only if you're 'strategic'

Related News

Serbia’s Prince Filip says Bitcoin is being stifled, expects huge rally

Serbia’s Prince Filip says Bitcoin is being stifled, expects huge rally

April 24, 2025
What are the three types of access control? – London Business News | London Wallet

What are the three types of access control? – London Business News | London Wallet

September 9, 2024
A big North American EV battery recycler just launched in Europe

A big North American EV battery recycler just launched in Europe

August 1, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?