China & Alphabet Inc. — Google Cloud Platform

China: China is mentioned as a foreign provider of chips that the European Union aims to reduce its dependence on, as part of its broader technological sovereignty package.

Alphabet Inc. — Google Cloud Platform: Alphabet Inc. — Google Cloud Platform>>> is a dominant US cloud platform in the European market, and the European Union>>>'s new strategy aims to reduce reliance on such foreign providers, potentially impacting Alphabet Inc. — Google Cloud Platform>>>'s market share.

China: Temasek increased exposure to China despite headwinds, indicating continued commitment but with mitigated returns.

Alphabet Inc. — Google Cloud Platform: Alphabet Inc. — Google Cloud Platform is a cloud service provider investment for Temasek, benefiting from AI cloud demand.

China: China is a key player in the global competition over AI development, facing export controls from the United States on advanced AI chips.

Alphabet Inc. — Google Cloud Platform: Alphabet Inc. — Google Cloud Platform is one of the three largest cloud platforms where Anthropic's Claude AI model is available, and Google has signed deals with Anthropic for next-generation TPU capacity.

China: China's progress in reusable rockets poses a competitive threat to SpaceX's dominance.

Alphabet Inc. — Google Cloud Platform: Alphabet's Google Cloud is a customer of SpaceX's AI compute.

China: Export restrictions on advanced chips to China are part of the broader context affecting AI compute supply.

Alphabet Inc. — Google Cloud Platform: Alphabet Inc. — Google Cloud Platform may see increased competition if Meta enters cloud computing, but the talks are preliminary.