Back to today’s briefing

Story perspectives

Web Summit Chief: U.S. Losing Tech Dominance to BRICS

5/2/2025

25 5

Summary

Story summary

Paddy Cosgrave, executive director of Web Summit Rio, declared the U.S. is losing its tech dominance.
He highlighted a growing influence of China and BRICS nations, reflecting concerns over U.S. leadership.
Cosgrave called for open trade and regulation of emerging technologies, stressing public sector accountability in content moderation.
The Web Summit, with 34,000 attendees, is set to run in Rio until 2030.

1 of 1

Story summary

Paddy Cosgrave, executive director of Web Summit Rio, declared the U.S. is losing its tech dominance.
He highlighted a growing influence of China and BRICS nations, reflecting concerns over U.S. leadership.
Cosgrave called for open trade and regulation of emerging technologies, stressing public sector accountability in content moderation.
The Web Summit, with 34,000 attendees, is set to run in Rio until 2030.