Speaker 1: Hey there, I'm ting and let's dive right into the
Speaker 1: latest on the US China tech war. Over the past
Speaker 1: two weeks, things have been heating up, especially in cybersecurity.
Speaker 1: Just in early December, a state sponsored cyber attack by
Speaker 1: the Chinese Communist Party CCP hit the US Treasury Department,
Speaker 1: targeting the Office of Foreign Assets Control and the Office
Speaker 1: of the Treasury Secretary. This isn't just about data theft.
Speaker 1: It's about disrupting critical infrastructure and military supply lines, particularly
Speaker 1: concerning Taiwan. But that's not all. The CCP has been
Speaker 1: busy with hacker groups like volt Typhoon and salt Typhoon
Speaker 1: making headlines. Vult Typhoon managed to gain control of hundreds
Speaker 1: of internet routers in the US, setting them up as
Speaker 1: launch pads for attacks on water treatment plants, the electrical grid,
Speaker 1: and transportation systems. Meanwhile, salt Typhoon targeted US officials, including
Speaker 1: phones used by Donald Trump and his running mate Senator j. D. Vance,
Speaker 1: as well as staff members of Vice President Kamala Harris's campaign.
Speaker 1: It's clear that China is using cyber attacks as a
Speaker 1: strategic tool to undermine its competitors and gather sensitive intelligence
Speaker 1: on the policy front, the US has introduced a stringent
Speaker 1: investment ban on China effective January twenty twenty five. This
Speaker 1: ban focuses on sensitive technologies like AI, semiconductors, and quantum computing,
Speaker 1: requiring detailed due diligence from US investors. The Biden administration
Speaker 1: formalized this regulatory framework in twenty twenty four, aiming to
Speaker 1: curtail the flow of US capital and expertise into sectors
Speaker 1: that could bolster China's military capabilities or surveillance infrastructure. The
Speaker 1: tech industry is feeling the heat, especially with the emergence
Speaker 1: of Chinese AI startup Deep Seek. Deep Seek has created
Speaker 1: an open source AI model comparable to its US competitors
Speaker 1: at a fraction of the cost, causing a stir in
Speaker 1: the market. Investors sold textiles over concerns that deep Seak
Speaker 1: could threaten the market dominance of US based AI leaders.
Speaker 1: The White House is evaluating the impact of Deep Seek
Speaker 1: on national security, and analysts are debating whether this could
Speaker 1: hasten tech decoupling between the two economies or lead to
Speaker 1: greater partnership. Looking ahead, China's computing market is projected to
Speaker 1: outgrow the US by eight tex by twenty twenty nine,
Speaker 1: with significant investments in AI, semiconductor independence and five G
Speaker 1: infrastructure driving this growth. Local companies like Huawei, Ali, Baba,
Speaker 1: and Baidu are leading in AI research, custom chip design,
Speaker 1: and cloud computing solutions, setting new global standards in technology.
Speaker 1: In conclusion, the US China tech war is intensifying, with
Speaker 1: cybersecurity incidents, new tech restrictions, and policy changes shaping the landscape.
Speaker 1: As an expert, I predict further trade barriers, policy restrictions,
Speaker 1: and disruptions in semiconductor supply chains. The future of global
Speaker 1: tech dominance is at stake, and it's any one's game.
Speaker 1: Stay tuned for more updates from Beijing bites. Thanks for listening.
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