The China Mail - 'Western tech dominance fading' at Lisbon's Web Summit

USD -
AED 3.672504
AFN 63.000368
ALL 82.732897
AMD 367.370222
ANG 1.790403
AOA 917.000367
ARS 1478.086972
AUD 1.450326
AWG 1.80125
AZN 1.70397
BAM 1.716442
BBD 2.015885
BDT 123.112028
BGN 1.69088
BHD 0.377375
BIF 2972.662249
BMD 1
BND 1.295099
BOB 6.916495
BRL 5.177041
BSD 1.000921
BTN 93.946202
BWP 13.602176
BYN 2.902892
BYR 19600
BZD 2.012989
CAD 1.41895
CDF 2267.50392
CHF 0.80956
CLF 0.023471
CLP 922.497696
CNY 6.79815
CNH 6.804685
COP 3438.325508
CRC 454.429769
CUC 1
CUP 26.5
CVE 96.770372
CZK 21.30904
DJF 178.235113
DKK 6.565804
DOP 58.809075
DZD 133.424898
EGP 49.530036
ERN 15
ETB 161.36601
EUR 0.877704
FJD 2.266104
FKP 0.757679
GBP 0.757518
GEL 2.64504
GGP 0.757679
GHS 11.285269
GIP 0.757679
GMD 73.000355
GNF 8770.020624
GTQ 7.63614
GYD 209.469481
HKD 7.84255
HNL 26.780464
HRK 6.617804
HTG 130.8175
HUF 310.850388
IDR 17860.6
ILS 3.00205
IMP 0.757679
INR 94.360504
IQD 1311.158892
IRR 1375250.000352
ISK 126.490386
JEP 0.757679
JMD 157.637457
JOD 0.70904
JPY 161.75504
KES 129.518627
KGS 87.450384
KHR 4017.727851
KMF 434.00035
KPW 900.00035
KRW 1535.290383
KWD 0.30961
KYD 0.834087
KZT 485.637808
LAK 21969.371188
LBP 89630.523498
LKR 336.443021
LRD 182.31603
LSL 16.452675
LTL 2.95274
LVL 0.60489
LYD 6.42503
MAD 9.385493
MDL 17.746281
MGA 4233.621484
MKD 54.091886
MMK 2099.260826
MNT 3579.633879
MOP 8.085217
MRU 39.945588
MUR 47.250378
MVR 15.450378
MWK 1735.574181
MXN 17.504204
MYR 4.088039
MZN 63.903729
NAD 16.452675
NGN 1376.130377
NIO 36.83356
NOK 9.933039
NPR 150.313748
NZD 1.771166
OMR 0.384504
PAB 1.000921
PEN 3.41305
PGK 4.39247
PHP 61.312038
PKR 278.550353
PLN 3.76695
PYG 6109.087718
QAR 3.648427
RON 4.603104
RSD 103.014612
RUB 78.910966
RWF 1465.794901
SAR 3.758743
SBD 8.051953
SCR 14.057835
SDG 600.000339
SEK 9.73761
SGD 1.294204
SHP 0.746601
SLE 24.803667
SLL 20969.503664
SOS 572.030366
SRD 37.483038
STD 20697.981008
STN 21.501602
SVC 8.757734
SYP 110.532098
SZL 16.443021
THB 33.378038
TJS 9.263329
TMT 3.5
TND 2.966607
TOP 2.40776
TRY 46.553304
TTD 6.802405
TWD 31.859804
TZS 2632.322612
UAH 44.926675
UGX 3673.702225
UYU 40.177279
UZS 12022.46698
VES 620.752985
VND 26300
VUV 119.209429
WST 2.780882
XAF 575.678617
XAG 0.017058
XAU 0.000246
XCD 2.70255
XCG 1.803853
XDR 0.715959
XOF 575.678617
XPF 104.664531
YER 238.625037
ZAR 16.987795
ZMK 9001.203584
ZMW 18.029751
ZWL 321.999592
  • CMSC

    -0.1160

    21.93

    -0.53%

  • NGG

    -0.4100

    83.01

    -0.49%

  • GSK

    0.6100

    52.5

    +1.16%

  • RIO

    -1.3700

    93.74

    -1.46%

  • CMSD

    -0.1600

    21.77

    -0.73%

  • BCE

    -0.2800

    22.92

    -1.22%

  • RBGPF

    3.7000

    65

    +5.69%

  • BP

    -0.5900

    37.13

    -1.59%

  • AZN

    2.7300

    188.41

    +1.45%

  • RYCEF

    0.3900

    18.39

    +2.12%

  • VOD

    0.0300

    13.89

    +0.22%

  • BCC

    1.2600

    81.02

    +1.56%

  • RELX

    0.4200

    31.34

    +1.34%

  • JRI

    0.2100

    12.79

    +1.64%

  • BTI

    0.2800

    62.76

    +0.45%

'Western tech dominance fading' at Lisbon's Web Summit
'Western tech dominance fading' at Lisbon's Web Summit / Photo: © AFP

'Western tech dominance fading' at Lisbon's Web Summit

Global tech leaders will pack Lisbon's annual Web Summit from Tuesday to talk Artificial Intelligence, robots and startups -- all under the shadow of tensions over cutting-edge tech and the natural resources needed to build it.

Text size:

Over four days, the "Davos for geeks" is set to welcome over 70,000 visitors including 2,500 startups and 1,000 investors, according to organisers.

Tech leaders gathered at Monday's opening night, starring Swedish startup founder Anton Osika, whose Lovable software company is touted as the fastest growing in history.

The audience also cheered TikTok star Khaby Lame, tennis great Maria Sharapova and an Olympics-style parade of tech founders bearing their nations' flags.

Here are some of the key themes at the show:

- Shifting sands -

"This year, more than any year before, it's clear that the era of Western tech dominance is fading," Web Summit founder Paddy Cosgrave said Monday.

He cited Chinese manufacturers leading in fields like AI and humanoid robots, as well as Brazilian digital payments service PIX and a record number of Polish startups, as evidence of a more multipolar tech world.

Beyond the glossy tech products, global tensions over hi-tech trade, competition and sovereignty will weigh on discussions.

- Robots and autonomous cars -

The "most advanced humanoid robots in the world" on display are "not European, they're not American. Instead, they are Chinese," Cosgrave said.

Nevertheless, US speakers will include Amazon Robotics boss Tye Brady and Robert Playter of Boston Dynamics.

Uber president Andrew Macdonald and rival Lyft's chief David Risher will talk up schemes to fill the streets with robotaxis.

Uber has partnered with Nvidia to upgrade tens of thousands of vehicles with automation tech from 2027.

Waymo, a subsidiary of Google parent company Alphabet, has said its driverless vehicles will arrive in London next year. And several Chinese manufacturers including Baidu and Pony.ai have Europe in their sights for an automated car rollout.

- AI and chips -

The struggle for dominance may be fiercest in generative artificial intelligence, spotlighting Tuesday's planned appearance by Cristiano Amon, boss of American chip developer Qualcomm.

His company has announced AI chips squaring up to sector heavyweight Nvidia and challenger AMD. The rival high-end processors are subject to US export restrictions on national security grounds.

Several leaders of other top AI firms will also appear, including Microsoft president Brad Smith.

Osika's Lovable is one of several firms allowing users to create apps and websites via a chatbot without coding experience. "We're seeing 100,000 new products built on Lovable every single day," he said.

British dictionary publisher Collins dubbed this "vibe coding" approach its word of the year for 2025.

- Health and sports -

Almost 30 percent of investment in new sports technology went into AI firms in the first half of this year, investment bank Drake Star said in a study.

On stage, Sharapova praised AI tools' value to sports -- from preparing athletes for competition to speeding up recovery time or stoking fans' engagement.

And wearables, such as watches and rings able to monitor sleep, heart rate or body temperature, mean that tech's ability to detect initial signs of illness will be another hot topic.

- Tech sovereignty -

Brussels will send Henna Virkkunen, the European Commission's digital chief, as the 27-nation EU is increasingly fearful for its technological sovereignty amid rising trade and political tensions.

"We're more and more dependent, especially on the American hyperscalers" or major data centre operators, said Maya Noel, director general of the France Digitale network of tech companies and investment firms, who will urge European alternatives.

As the Commission pressures American and Chinese platforms to tighten measures for underage internet users, American games publisher Roblox -- whose game is popular with minors -- will outline how it plans to verify players' ages.

R.Yeung--ThChM