The week saw cyber threats shadow Black Friday’s $70B sales, AI reshaping banking, and Meta’s nuclear energy ambitions. ByteDance and Nvidia clashed in the U.S.-China tech war, while Australia pushed Big Tech to fund journalism. A turbulent digital landscape sets the stage for 2025.
The Pacific tech war intensifies as Trump's return to power amplifies U.S. export bans, targeting China’s AI progress. ByteDance, Nvidia's largest Chinese buyer, counters with bold strategies like crafting AI chips and expanding abroad. A fragmented 2025 looms, redefining tech and geopolitics.
Australia pushes tech giants to pay for local journalism with new laws as Meta faces a global outage, raising concerns over platform reliability. Meanwhile, Meta joins hyperscalers like Google and Amazon, exploring nuclear energy to power AI ambitions and unveils a $10B AI supercluster project.
Final Biden-Xi Meeting at APEC Summit Highlights Uncertain Future for U.S.-China Relations
President Joe Biden and Chinese President Xi Jinping prepare for their final APEC summit meeting in Lima, marking a critical moment for U.S.-China relations. With President-elect Donald Trump poised to take office, this encounter signals the end of an era in global political dynamics.
Final Biden-Xi Meeting: President Biden and China's Xi Jinping will hold their last meeting at the APEC summit in Lima, Peru, before President-elect Donald Trump assumes office.
Key Discussion Points: They will address China's support for Russia in Ukraine, cybersecurity threats to U.S. infrastructure, trade disputes, and military activities near Taiwan and the South China Sea.
Future Relations Uncertain: With the incoming Trump administration possibly adopting a more confrontational stance, the future of U.S.-China relations remains uncertain.
As President Joe Biden and Chinese President Xi Jinping prepare for their final meeting at the APEC summit in Lima, Peru, the encounter underscores significant shifts in global dynamics and regional influence. With President-elect Donald Trump set to take office in January, this meeting marks a pivotal moment in the already complex relationship between the United States and China.
U.S. officials have indicated that no major deliverables are anticipated from this meeting. Instead, it will serve as an opportunity to review the bilateral relationship over the past four years. Biden is expected to address China's support for Russia in the Ukraine conflict, cyber intrusions on American networks, trade practices, and military activities around Taiwan and the South China Sea.
Cybersecurity concerns are high on the agenda. Biden will raise the issue of Chinese cyber-attack efforts on U.S. civilian critical infrastructure. The U.S. president is expected to warn that cyber pre-positioning on civilian infrastructure and engaging in reckless attacks against critical networks are "unacceptable."
National security issues will also be a focal point. Biden will express concerns about China's increased military activities around Taiwan and in the South China Sea. Additionally, he will convey "deep concern" over Beijing's support for Moscow's war against Ukraine and the deployment of North Korean troops to aid Russia.
Meanwhile, Xi's presence in Peru will be marked by the inauguration of a massive deep-water port in the Peruvian coastal town of Chancay, developed by state-owned China Ocean Shipping Company Limited (COSCO). The $3.5 billion project is set to redefine trade between China and Latin America, offering material benefits for Peru and elevating it into a key hub for global supply chains.
As the Trump administration prepares to take office, uncertainties loom over the future of U.S.-China relations. The president-elect has appointed ardent China critics in key foreign policy positions, suggesting a potentially more confrontational U.S. posture toward Beijing. They include Republican Congressman Mike Waltz as Trump's pick for national security adviser and Senator Marco Rubio as secretary of state.
"Whatever the next administration decides, they're going to need to find ways to manage the tough, complicated relationship between the U.S. and China,"
a senior administration official said in response to a question from the media.
Political advisers, Pacific leaders, and Asian nations are collectively pondering a key question to ease concerns heading into 2025: Can Presidents Biden and Xi depart amicably and provide a less contentious outlook, or is the world bracing for a more disruptive future with a new far-right U.S. government? As the global community watches closely, the outcomes of this final meeting may be too little, too late to offer long-term assurance. However, Biden's legacy in ensuring a peaceful transition is all that this administration can hope for, and it may set an optimistic tone for cross-Pacific international relations in a new and very complex environment in 2025.
Christopher Wray resigns as FBI Director, signaling a shift under Trump. With Kash Patel as a potential successor, concerns grow over the FBI's independence and its impact on cybersecurity, financial crimes, and corporate governance.
Australia's government plans to make tech giants pay for local journalism, leveling the media playing field. Meanwhile, Meta faces global outages, sparking reliability concerns, and unveils nuclear ambitions with a $10B AI supercluster in Louisiana. Big tech is reshaping energy and media landscapes.
Chinese firms may ramp up U.S. solar panel production to offset higher tariffs anticipated under Trump's 2025 presidency. Despite policy shifts, strong U.S. solar demand drives adaptation as global clean energy competition intensifies.
As Black Friday scams surge, Australians face rising threats with $500K lost to fake sites. Meanwhile, Salt Typhoon targets telecom giants in a global espionage campaign. RomCom exploits zero-day vulnerabilities on Firefox and Windows, while Trump eyes an 'AI czar' to reshape US tech policy.