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The Drill – The Big Tech Showdown

The geopolitical interplay between the US, EU and China is intensifying, and it seems to revolve around Tech for now. What are the next steps from here in the race for AI, and what are the true intentions of the US and China?
2025-02-18
<a href="https://stenoresearch.com/author/mikkel/" target="_self">Mikkel Rosenvold</a>

Mikkel Rosenvold

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Xi’s Tech Summit: China’s Wake-Up Call

On Monday, February 17, Xi Jinping sat down with China’s tech elite in what looked like a serious course correction. Jack Ma (Alibaba) was there. So was Ren Zhengfei (Huawei). But one key figure was missing: Robin Li, Baidu’s CEO. His absence sent Baidu’s stock into a tailspin, wiping out billions in market value before state media scrambled to calm investors down.

It was a telling moment. The mere suggestion of a tech leader being on the outs with Beijing still spooks markets, a lingering effect of the brutal crackdowns on China’s private sector over the last few years. Investors still don’t fully believe the crackdown is over—and for good reason.

But this meeting was different. Xi wasn’t there to tighten the leash—he was extending an olive branch. China has spent years treating its most successful tech firms like threats to state power. Now, with the Trump administration flipping the global tech script, Beijing is realizing it can’t afford to keep kneecapping its own industry.

The geopolitical interplay between the US, EU and China is intensifying, and it seems to revolve around Tech for now. What are the next steps from here in the race for AI, and what are the true intentions of the US and China?

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