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China’s World AI Conference and TSMC’s Arizona Investment Mark Wins for Leaders

Bloomberg Technology Tuesday 21 July 2026, 12:02 UTC By Vlad Savov 1 min read
Key Points

Xi and Trump Can Both Claim Big Wins in AI Race As China convenes a global AI conference, Arizona receives more investment This article is for subscribers only. Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Vlad Savov reviews the latest from the US and China around their AI ambitions and spending.

Xi and Trump Can Both Claim Big Wins in AI Race As China convenes a global AI conference, Arizona receives more investment This article is for subscribers only. Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Vlad Savov reviews the latest from the US and China around their AI ambitions and spending. Chinese data center: Z.ai, formerly known as Zhipu, has built a giant data center that houses only Chinese-made chips. China is trying to replace unavailable Nvidia AI processors.
China (LOCATION) World AI Conference (EVENT) TSMC (ORG) Arizona Investment (ORG) Mark Wins (PERSON) AI Race (ORG) Arizona (LOCATION) Tech In Depth (ORG) Bloomberg (ORG) Vlad Savov (PERSON) US (LOCATION) Chinese (ORG) Zhipu (PERSON) Nvidia AI (ORG)
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