China Vies to Unseat US in Fight for $4.8 Trillion AI Market (1)

July 30, 2025, 1:30 PM UTC

While humanoid robots faced off in a boxing ring at China’s flagship artificial intelligence conference in Shanghai, a fight in the US-China tech war was fought in suits nearby over who gets to set the rules in the AI age.

China’s answer is a new global organization to convene countries to foster safe and inclusive use of the powerful new technology. At the annual World AI Conference over the weekend, Chinese Premier Li Qiang warned of AI “monopoly” and instead called on foreign officials in the room — mostly from developing countries — to cooperate on governance.

An Unitree robot inside a boxing ring at the World Artificial Intelligence Conference (WAIC) in Shanghai on July 26.
Photographer: Qilai Shen/Bloomberg

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