Microsoft President Warns About Chinese Subsidies

Microsoft President Brad Smith told CNBC on the sidelines of the AI Impact Summit in New Delhi that American tech companies should "worry a little bit" about Chinese government subsidies in the AI race. He cited Beijing's 60.06 billion yuan national AI fund, city-level computing vouchers and cheap energy that help Chinese firms scale, noting lower-cost models could gain traction in developing countries; Microsoft plans to invest $50 billion by 2030 in the Global South.