China Hawks Dine on Seared Branzino And Lament Threat to US

The aim of the group — some of whom have a financial interest in TikTok’s competitors and emerging AI startups — was to press home the urgency of the China threat to lawmakers whose anti-Beijing rhetoric is already running high. Milling around the cocktail hour, tech executives mingled with Washington’s policy elite, including House of Representatives Speaker Kevin McCarthy. In his testimony on Thursday, Shou said US users’ data is walled off from China. “The really scary technology is AI technology,” he said, warning that whoever dominates it will have “huge economic power.”--With assistance from Annmarie Hordern. (Updates with details of sourcing and Shou testimony starting in 7th paragraph)Most Read from Bloomberg Businessweek©2023 Bloomberg L.P.