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US leads AI race but China narrows gap with Huawei's global tech push, says ex-official

Market News
05 Aug 2026
Fox Business
View Source
Neutral
pluang ai news

Former State Department official Keith Krach said the US still leads the global AI race but China is closing the gap by expanding Huawei's global technology influence. The competition involves not just AI models but also energy, semiconductors, infrastructure, talent, and technical standards. Krach emphasized that success depends on building a trusted, full-stack technology ecosystem that supports allies' independence. To maintain its lead, the US must boost energy, data centers, semiconductor production, cloud capacity, and skilled workforce while offering easier financing and deployment than China.

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Global eClinical Solutions market to reach $42.55B by 2035, growing at 13.98% CAGR driven by tech and clinical trial demand

Global eClinical Solutions market to reach $42.55B by 2035, growing at 13.98% CAGR driven by tech and clinical trial demand

The global eClinical Solutions market, valued at $11.5 billion in 2025, is projected to grow to $42.55 billion by 2035 at a CAGR of 13.98%. This growth is fueled by increasing demand for efficient clinical trials, driven by rising chronic and rare di...

Market News
Neutral
1 hour ago
China's 'next new three' industries aim to grow by building on strengths of traditional sectors.

China's 'next new three' industries aim to grow by building on strengths of traditional sectors.

China's manufacturing evolution moves from the 'old trio' of garments, furniture, and appliances, through the 'new trio' of new-energy vehicles, lithium batteries, and photovoltaics, to the 'next new three': artificial intelligence, robotics, and inn...

Market News
Neutral
1 hour ago
Investors in Elauwit Connection may claim losses after company revises financials, stock drops 6.8%.

Investors in Elauwit Connection may claim losses after company revises financials, stock drops 6.8%.

Elauwit Connection, Inc. revealed errors in its 2025 financial statements related to network construction revenue, causing its stock to fall 6.8%. The Rosen Law Firm is investigating potential securities claims on behalf of shareholders and preparing...

Market News
Bearish
2 hours ago
Class action lawsuit filed over Avis Budget Group's stock price manipulation and volatility in 2025-2026.

Class action lawsuit filed over Avis Budget Group's stock price manipulation and volatility in 2025-2026.

A class action lawsuit has been filed against Avis Budget Group and certain executives for allegedly failing to disclose material information and manipulating the stock price between February 2025 and April 2026. The complaint claims that major share...

Market News
Bearish
2 hours ago
LKQ Q2 revenue falls 6% as Europe faces ERP issues; North America shows first organic growth in 9 quarters

LKQ Q2 revenue falls 6% as Europe faces ERP issues; North America shows first organic growth in 9 quarters

LKQ Corporation reported a 6% decline in Q2 revenue to $3.4 billion, with EBITDA margin dropping to 10.2% and adjusted EPS at $0.67. North America saw its first positive organic growth in nine quarters, driven by increased use of alternative parts an...

Company Fundamentals
Neutral
4 hours ago
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