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theguardian.com | 7 hrs. 41 min. ago

Europe must build own AI or risk getting cut off by US or China, says ECB’s Lagarde

#AI #Bank #central bank #China #ECB #Europe #European Central Bank #growth #Leverage #Power #Tech #trade

Central bank chief says continent’s AI dependency could give trade partners unprecedented leverage in negotiationsEurope must develop its own AI technology and build more datacentres in order to nullify the threat of being cut off by the US or China, according to the president of the European Central Bank.Christine Lagarde said the continent needed AI models – the technology that powers AI tools such as chatbots – that were “good enough” to carry out most tasks and run from domestic datacentres. If Europe invests in its own AI tech, said Lagarde, “the threat of being cut off loses its force”. Continue reading...

thestar.com | 13 hrs. 24 min. ago

The Latest: 2nd judge freezes Trump mail ballot order with Supreme Court poised to rule

#artificial intelligence #China #Han #Supply Chain #Trump

Visitors walk past a display depicting artificial intelligence and a human hand at the China International Supply Chain Expo in Beijing on Monday, June 22, 2026. (AP Photo/Ng Han Guan)

warontherocks.com | 17 hrs. 27 min. ago

The Big Bet on the Emerging Space Economy

#AI #BET #China #economy #growth #Infrastructure #real #Value

The space economy has surpassed $600 billion in annual value, with some projecting it will reach a trillion by the 2030s. Jonathan Panter is joined by Joseph Yaffe (Cowboy Space), Brian Weeden (The Aerospace Corporation), and Dan Wald (Booz Allen) to weigh where the real growth is. They discuss how AI infrastructure is blurring the line between the space economy and the regular economy, the regulatory tangle, the leap toward autonomous constellations of hundreds of thousands of satellites, competition with China, and the dual-use risks of data centers in orbit.Image: Giuseppe Donatiello via Wikimedia Commons. The post The Big Bet on the Emerging Space Economy appeared first on War on the Rocks.

foxnews.com | 17 hrs. 28 min. ago

China has a chokehold on your medicine cabinet. It’s a national security threat

#China #Supply Chain #supply chain crisis #United States

The United States produces just 3% of active pharmaceutical ingredients while China controls 45%, creating a dangerous drug supply chain crisis.

nytimes.com | 1 days ago

Okinawa Elects a Conservative Amid Fears About China and the Economy

#China #economy

Genta Koja will become the Japanese archipelago’s next governor, a win for the country’s hawkish prime minister as she works to accelerate a military buildup.

livemint.com | 1 days ago

India will be world’s largest economy this century, China ties can build multipolar world: US economist Jeffrey Sachs

#China #cooperation #economy #India #investment #Supply Chain #supply chains #trade

Economist Jeffrey Sachs said stronger India-China cooperation could help create a multipolar world, with the two countries potentially becoming the world’s largest economies. He called their relationship crucial for trade, investment, technology and global supply chains.

cnbc.com | 1 days ago

Xi says China will take lead to foster AI, tech cooperation among BRICS countries

#AI #BRIC #BRICS #China #cooperation #economy #Tech

China will take the lead to help foster artificial-intelligence collaboration and development among developing-economy countries, President Xi Jinping said.

cnbc.com | 1 days ago

China's Xi urges BRICS nations to work towards peace in the Middle East

#BRIC #BRICS #China #energy #Export #Iran

China, Iran's biggest trading partner and a key customer of Tehran's energy exports, is willing to work with BRICS towards peace in the region, Xi said.

al-monitor.com | 1 days ago

China, Russia, India seek economic cooperation at BRICS

#BRIC #BRICS #China #cooperation #economic cooperation #GDP #growth #India #Russia #trade

BRICS leaders including China, Russia and India entered a second day of talks in New Delhi on Sunday, discussing "inclusive global growth", after reaching rare agreement calling for calm in the Middle East. Indian Prime Minister Narendra Modi called for "cooperation" within the bloc, which he has said represents "50 percent of the world's population, 40 percent of global GDP and more than 25 percent of global trade".

koreatimes.co.kr | 1 days ago

AI Is reviving Chinese Marxist economics

#AI #artificial intelligence #China #deindustrialization #economy #Inflation #Power #profit #property #Return #yield

ATHENS — As China embraced capitalism, its leading universities adopted mainstream Western textbooks to mold their students’ thinking about the economy. “Most of my colleagues pay only lip service to Marxism,” an economics professor in one of China’s top economics departments confessed to me. “Only a tiny minority take Marx seriously.” That was two years ago. Today, the artificial intelligence (AI) revolution is giving Chinese Marxist economics a mighty boost. Chinese Marxists have long feared that the country’s capitalist turn would lead it into the “rent trap” familiar from the North Atlantic economies: a period of asset-price inflation, a rapid slowdown, stagnation, deindustrialization, and social discord. When competition in the productive sectors drives profit rates down, rent-yielding property becomes more attractive to investors seeking the greatest risk-weighted return. The more wealth chases rents, the higher asset prices rise, and the faster wealth moves from industry to the rentier sector. Rent traps hollow out industry and turn once-proud industrial power

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