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2025 Web Summit opens in Lisbon with AI taking center stage

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2025 Web Summit opens in Lisbon with AI taking center stage

2025-11-12 18:36 Last Updated At:11-13 11:30

The 2025 Web Summit opened Monday in Lisbon, Portugal, with artificial intelligence (AI) taking center stage and drawing a record crowd of innovators and investors to explore the future of technology.

The Web Summit, running until Thursday, is expected to welcome more than 71,000 attendees from 157 countries, over 2,500 startups showcasing products and services, and more than 1,800 investors, an increase of 74 percent from last year and the largest number ever to attend the event.

Key topics at this year's event include "vibe coding," a form of programming that uses AI to generate code, with discussions focusing on whether it marks the next major leap or the end of programming, and on who controls AI and who benefits from it.

According to the Web Summit, as AI models are trained on online content, the competition for access and profit is becoming increasingly fierce.

This year's event also includes the China Summit, which features its own stage, dedicated day, and speakers from the media, industry, and academia. The summit's organizers said the objective is to showcase and discuss China's innovations and how the country's economy is racing ahead in areas such as AI, deep-tech scientific research, and industrial transformation.

During the China Summit, panelists discussed how homegrown Chinese tech is dominating so many areas today.

One panelist described how China has gone from what they called a "fast follower" on AI innovation to a "first in class innovator."

Joleen Liang, co-founder of Squirrel AI, spoke about how talent is the most precious assets for AI companies, and how that talent is now being rapidly nurtured in China compared to 10 years ago.

Towards the end of the summit, they discussed China's 15th Five-Year Plan and the role that the state is playing in guiding capital investment, creating an environment which enables and promotes innovation.

The Chinese delegation has brought four exhibiting companies to the Web Summit. One of the most popular booths drawing a big crowd belongs to Unitree Robotics, which is demonstrating their humanoid robot that can replicate human motion including dancing.

The Web Summit, a global conference launched in Dublin in 2009 and moved to Lisbon in 2016, brings together a global community of founders, entrepreneurs, business leaders, and investors to connect and exchange ideas about the technology and trends shaping the world.

2025 Web Summit opens in Lisbon with AI taking center stage

2025 Web Summit opens in Lisbon with AI taking center stage

The restricted navigation through the Strait of Hormuz has triggered significant disruptions across the international shipping sector, driving up shipping costs and legal pressures related to shipping.

Iran has restricted navigation through the Strait of Hormuz, a vital strategic waterway linking the Persian Gulf to the Indian Ocean, as part of its response to U.S. and Israeli military attacks that started on Feb 28.

The partial blockade of this vital global energy route has not only impacted global energy supplies but also caused a ripple effect on energy trading, shipping operations, and the insurance market.

Wai Yue Loh, partner of DAC Beachcroft, and a specialist in shipping, trade, commodities and insurance law said he has been dealing with questions from shipping clients after the conflict in Iran broke out.

He said the commodities traders bear the brunt of Strait of Hormuz crisis and explained the interconnected vulnerabilities across the three industries most affected.

"It's easy to forget that the first industry directly affected would be the commodities traders who are buying and reselling crude oil coming out from the Middle East. Crude oil cargoes from this region account for about 25 percent or more of the world's crude oil supplies. The second industry affected would be the shipowners or the ship operators whose ships are chartered by these commodities traders, in simple terms hired by these commodity traders, to carry these cargoes from the Persian Gulf to refineries around the world for refining. These refined products are then on-sold to other buyers worldwide. The third would be the insurance industry that provides, amongst other things, war risk cover for ships that are trading globally," he said.

With the rising risks of war, shipping companies face not only security challenges but also complex legal issues such as rising insurance costs, increased uncertainty in contract performance, and the apportionment of liability, he added.

Hormuz Strait crisis delivers severe blow to global shipping industry

Hormuz Strait crisis delivers severe blow to global shipping industry

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