James Kynge

But I think China's got the whip hand on this one.

What are you seeing, Alice?

Now we've got the White House accusing China of industrial-scale theft of intellectual property from U.S.

AI labs.

This is different.

And on the China side, we've got the Chinese government banning the acquisition by one of America's biggest companies, Meta, of a promising AI company that was founded in China but is now based in Singapore.

I would say all of this to me means that the rivalry has entered a new phase.

And I'm James King.

Well, welcome back, Alice.

Welcome back from China.

I'm dying to hear more about your trip there.

But as far as I see it, this really is pretty big.

We've got what I would say is kind of like a Cold War curtain coming down over the US-China competition over AI.

Until now, there's been a lot of rivalry, mostly commercial rivalry.

We had the OpenAI's chat GPT in late 2022, and then we had the first deep-seek moment in early 2025.

And both the US and China were going really strongly, fueled by a lot of money and a lot of enterprise.

But now we've got the White House accusing China of industrial-scale theft

of intellectual property from US AI labs.

This is different.

And on the China side, we've got the Chinese government banning the acquisition by one of America's biggest companies, Meta, of a promising AI company that was founded in China, but is now based in Singapore.