Star founders, Beijing officials and deep-pocketed financiers converge on Shanghai by the thousands this weekend to attend China’s most important AI summit. At the top of the agenda: how to propel Beijing’s ambitions to leapfrog the US in artificial intelligence — and profit off that drive.

DeepSeek and Trump’s AI plan grabbed attention at China’s biggest AI forum, showing the growing tech rivalry between the U.S. and China.

The new framework suggests a strong US open-source AI network has “geostrategic value” because it could underpin businesses and academic research globally.