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<v Speaker 1>Hey there, I'm ting and let's dive right into the

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<v Speaker 1>latest on the US China tech war. Over the past

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<v Speaker 1>two weeks, things have been heating up, especially in cybersecurity.

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<v Speaker 1>Just in early December, a state sponsored cyber attack by

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<v Speaker 1>the Chinese Communist Party CCP hit the US Treasury Department,

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<v Speaker 1>targeting the Office of Foreign Assets Control and the Office

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<v Speaker 1>of the Treasury Secretary. This isn't just about data theft.

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<v Speaker 1>It's about disrupting critical infrastructure and military supply lines, particularly

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<v Speaker 1>concerning Taiwan. But that's not all. The CCP has been

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<v Speaker 1>busy with hacker groups like volt Typhoon and salt Typhoon

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<v Speaker 1>making headlines. Vult Typhoon managed to gain control of hundreds

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<v Speaker 1>of internet routers in the US, setting them up as

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<v Speaker 1>launch pads for attacks on water treatment plants, the electrical grid,

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<v Speaker 1>and transportation systems. Meanwhile, salt Typhoon targeted US officials, including

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<v Speaker 1>phones used by Donald Trump and his running mate Senator j. D. Vance,

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<v Speaker 1>as well as staff members of Vice President Kamala Harris's campaign.

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<v Speaker 1>It's clear that China is using cyber attacks as a

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<v Speaker 1>strategic tool to undermine its competitors and gather sensitive intelligence

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<v Speaker 1>on the policy front, the US has introduced a stringent

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<v Speaker 1>investment ban on China effective January twenty twenty five. This

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<v Speaker 1>ban focuses on sensitive technologies like AI, semiconductors, and quantum computing,

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<v Speaker 1>requiring detailed due diligence from US investors. The Biden administration

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<v Speaker 1>formalized this regulatory framework in twenty twenty four, aiming to

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<v Speaker 1>curtail the flow of US capital and expertise into sectors

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<v Speaker 1>that could bolster China's military capabilities or surveillance infrastructure. The

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<v Speaker 1>tech industry is feeling the heat, especially with the emergence

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<v Speaker 1>of Chinese AI startup Deep Seek. Deep Seek has created

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<v Speaker 1>an open source AI model comparable to its US competitors

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<v Speaker 1>at a fraction of the cost, causing a stir in

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<v Speaker 1>the market. Investors sold textiles over concerns that deep Seak

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<v Speaker 1>could threaten the market dominance of US based AI leaders.

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<v Speaker 1>The White House is evaluating the impact of Deep Seek

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<v Speaker 1>on national security, and analysts are debating whether this could

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<v Speaker 1>hasten tech decoupling between the two economies or lead to

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<v Speaker 1>greater partnership. Looking ahead, China's computing market is projected to

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<v Speaker 1>outgrow the US by eight tex by twenty twenty nine,

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<v Speaker 1>with significant investments in AI, semiconductor independence and five G

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<v Speaker 1>infrastructure driving this growth. Local companies like Huawei, Ali, Baba,

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<v Speaker 1>and Baidu are leading in AI research, custom chip design,

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<v Speaker 1>and cloud computing solutions, setting new global standards in technology.

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<v Speaker 1>In conclusion, the US China tech war is intensifying, with

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<v Speaker 1>cybersecurity incidents, new tech restrictions, and policy changes shaping the landscape.

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<v Speaker 1>As an expert, I predict further trade barriers, policy restrictions,

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<v Speaker 1>and disruptions in semiconductor supply chains. The future of global

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<v Speaker 1>tech dominance is at stake, and it's any one's game.

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<v Speaker 1>Stay tuned for more updates from Beijing bites. Thanks for listening.

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