AI and Data Offer China, EU Space to Cooperate as Trade Tensions Rise
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(Lisbon, Portugal) — Collaboration in digital services and artificial intelligence (AI) offers a path to stabilize China-EU ties as the traditional goods trade becomes more exposed to political headwinds, according to government officials, business leaders and academics at a major tech conference in Lisbon.
Speakers at the inaugural China Summit on Tuesday, hosted as part of Web Summit, argued fast-growing digital sectors such as AI, industrial digitalization and cross-border data governance are areas where China and Europe remain aligned. Web Summit, one of the world’s largest technology gatherings, drew more than 71,000 attendees from 157 countries to the Portuguese capital from Nov. 10 to Nov. 13.
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- China and the EU see digital services and AI collaboration as key to stabilizing ties amid political friction in traditional goods trade; China’s digital services trade reached $406.6 billion in 2024.
- Portugal is positioning itself as a digital gateway for Chinese firms, with bilateral trade reaching $8.3 billion in the first 10 months of 2024; China has invested around €11 billion in Portugal.
- Challenges remain due to regulatory mismatches and recent EU tariffs on Chinese EVs, while China responded with tariffs on EU brandy and dairy.
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- DeepSeek
- DeepSeek is highlighted as a significant Chinese open-source AI model. Its release, according to Web Summit CEO Paddy Cosgrave, has prominently positioned Chinese large language models "on the map," suggesting its role in advancing China's standing in the global AI landscape.
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