The private dinner enjoyed by Chinese president Xi Jinping, US president Donald Trump and leading figures from the world of Big Tech was portrayed by the press as the oligarchs paying obeisance to political power. But the press, as usual, got it wrong: the real powers were not the politicians but those controlling the handful of companies that dominate not only America but also much of the world outside China’s sphere of influence.
AI is ushering in a techno-feudal future
