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Europe risks dependence on Chinese AI models, former Google executive Eric Schmidt warns

Europe risks becoming overly dependent on Chinese AI technology, warns former Google executive Eric Schmidt. He emphasizes the need for significant investments in open-source AI labs and addressing high energy costs to remain competitive. Schmidt highlights the contrast between closed-source models favored by American companies and China's open-weight systems. He stresses that without substantial funding for European AI models, Europe may end up relying on Chinese alternatives, which could be detrimental. Additionally, he points out the importance of building more data centers to support AI development in Europe.

He Lifeng attended the World Economic Forum Annual Meeting and visited Switzerland, where he expressed four points of view in his speech at the forum

He Lifeng, a member of the Political Bureau of the Central Committee of the Communist Party of China and Vice Premier of the State Council, attended the World Economic Forum Annual Meeting in Davos, Switzerland, and put forward four points of view: support free trade, uphold multilateralism, promote win-win cooperation, and emphasize mutual respect and equal consultation. He also introduced the situation of the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China, pointing out that China's development will bring important opportunities to the world and engaged in in-depth exchanges with international business leaders

The NASDAQ Golden Dragon China Index briefly turned positive after initially falling over 0.8%. Popular Chinese concept stock PDD once dropped nearly 4.59%

China says it never pursued trade surplus, vows to expand imports

China's Vice Premier He Lifeng stated at the World Economic Forum that the country has never intentionally pursued a trade surplus and aims to expand imports, positioning itself as a reliable global trade partner. Despite a record trade surplus that may provoke protectionist responses, He emphasized China's willingness to be both the world's factory and market. He is leading a delegation to Davos, where he will engage with global leaders and promote China's role in international trade amid ongoing tensions with U.S. tariff policies.

Trump's Former State Secretary Slams Canada's Move To Allow Chinese EVs: 'A Grave Strategic…Error'

Mike Pompeo, former U.S. Secretary of State, criticized Canadian PM Mark Carney's tariff deal with China, labeling it a "grave strategic and moral error." The deal allows over 49,000 Chinese EVs to be imported at a reduced tariff, raising concerns among U.S. officials, including former Transport Secretary Sean Duffy. Critics warn that this move could backfire on Canada, while it may benefit Tesla by allowing exports from Shanghai. Pompeo cautioned against leaders who compromise national interests for short-term gains.