Berliner Boersenzeitung - 'Western tech dominance fading' at Lisbon's Web Summit

EUR -
AED 4.30721
AFN 75.04906
ALL 95.511578
AMD 434.790006
ANG 2.098881
AOA 1076.479183
ARS 1633.590788
AUD 1.627507
AWG 2.110743
AZN 1.998135
BAM 1.957945
BBD 2.36232
BDT 143.911791
BGN 1.956074
BHD 0.442846
BIF 3489.761182
BMD 1.172635
BND 1.49616
BOB 8.104467
BRL 5.844769
BSD 1.1729
BTN 111.261714
BWP 15.93962
BYN 3.309795
BYR 22983.642195
BZD 2.358906
CAD 1.593769
CDF 2720.513174
CHF 0.915939
CLF 0.026785
CLP 1054.199114
CNY 8.007044
CNH 8.01045
COP 4288.794539
CRC 533.238815
CUC 1.172635
CUP 31.074822
CVE 110.755819
CZK 24.37678
DJF 208.401119
DKK 7.472268
DOP 69.776325
DZD 155.421478
EGP 62.903067
ERN 17.589522
ETB 184.104084
FJD 2.616195
FKP 0.863507
GBP 0.863135
GEL 3.148572
GGP 0.863507
GHS 13.138031
GIP 0.863507
GMD 85.602758
GNF 10289.870838
GTQ 8.960697
GYD 245.376635
HKD 9.18804
HNL 31.215994
HRK 7.530314
HTG 153.644064
HUF 362.609217
IDR 20303.937137
ILS 3.452038
IMP 0.863507
INR 111.228692
IQD 1536.151596
IRR 1540842.135344
ISK 143.812385
JEP 0.863507
JMD 183.781361
JOD 0.831444
JPY 184.148271
KES 151.446236
KGS 102.512326
KHR 4705.20161
KMF 492.507029
KPW 1055.372308
KRW 1726.963181
KWD 0.360175
KYD 0.977442
KZT 543.267779
LAK 25774.513442
LBP 105009.447276
LKR 374.857478
LRD 215.589357
LSL 19.536543
LTL 3.462486
LVL 0.709316
LYD 7.45214
MAD 10.828156
MDL 20.208607
MGA 4872.298025
MKD 61.58302
MMK 2462.531881
MNT 4198.466183
MOP 9.464155
MRU 46.89411
MUR 55.161185
MVR 18.123116
MWK 2042.147896
MXN 20.473739
MYR 4.654233
MZN 74.935737
NAD 19.536538
NGN 1612.494489
NIO 43.059592
NOK 10.876123
NPR 178.010182
NZD 1.986965
OMR 0.450756
PAB 1.17287
PEN 4.113256
PGK 5.089675
PHP 71.920083
PKR 326.872391
PLN 4.246116
PYG 7213.611083
QAR 4.272789
RON 5.203454
RSD 117.281962
RUB 87.925585
RWF 1714.392086
SAR 4.397591
SBD 9.438049
SCR 17.149829
SDG 704.171511
SEK 10.814215
SGD 1.492858
SHP 0.87549
SLE 28.876177
SLL 24589.561066
SOS 670.165086
SRD 43.924599
STD 24271.172941
STN 24.859858
SVC 10.263252
SYP 129.60945
SZL 19.536529
THB 38.125294
TJS 11.001451
TMT 4.110085
TND 3.379578
TOP 2.823423
TRY 52.968153
TTD 7.96147
TWD 37.088138
TZS 3054.714062
UAH 51.536521
UGX 4410.264652
USD 1.172635
UYU 46.775838
UZS 13998.332237
VES 573.351287
VND 30905.962944
VUV 139.316425
WST 3.208318
XAF 656.724148
XAG 0.015459
XAU 0.000254
XCD 3.169105
XCG 2.11385
XDR 0.81498
XOF 657.266022
XPF 119.331742
YER 279.849722
ZAR 19.527126
ZMK 10555.124618
ZMW 21.903587
ZWL 377.587929
  • RBGPF

    -1.1500

    62.6

    -1.84%

  • BCC

    -1.1200

    78.15

    -1.43%

  • RYCEF

    0.5000

    16.3

    +3.07%

  • RELX

    -0.2350

    36.355

    -0.65%

  • NGG

    -1.0500

    88.49

    -1.19%

  • JRI

    -0.0100

    12.98

    -0.08%

  • RIO

    0.1300

    100.61

    +0.13%

  • BCE

    0.1750

    23.955

    +0.73%

  • CMSD

    0.1500

    23.28

    +0.64%

  • GSK

    -0.6890

    51.621

    -1.33%

  • VOD

    0.3500

    16.15

    +2.17%

  • AZN

    -2.4600

    184.91

    -1.33%

  • BP

    -0.9750

    46.405

    -2.1%

  • BTI

    -0.0950

    58.705

    -0.16%

  • CMSC

    0.0500

    22.87

    +0.22%

'Western tech dominance fading' at Lisbon's Web Summit
'Western tech dominance fading' at Lisbon's Web Summit / Photo: PATRICIA DE MELO MOREIRA - 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.

(H.Schneide--BBZ)