The global race for the AI app layer is still on; plus Australian spy chief warns Chinese hackers are ‘probing’ critical networks for espionage and sabotage

The U.S. is far ahead of Europe in the race for large AI models, at least in funding. But the picture is different for the application layer, global VC firm Accel highlighted in its 2025 Globalscape report.

Also, Australia's intelligence chief warned that Chinese hackers are trying to break into its networks, sometimes successfully, to "pre-position" for sabotage ahead of an anticipated invasion of Taiwan.

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