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Raluca Moldovan discusses the geopolitical implications of advanced chips and algorithms in global power dynamics. She highlights the ongoing technological competition between the US and China, emphasizing that while the US aims to limit China's access to cutting-edge chips, this strategy may inadvertently boost China's internal innovation. Moldovan also points out Europe's vulnerabilities, including its slow adaptation to changing economic conditions and the challenges posed by overregulation. She warns that Europe risks becoming a mere consumer market if it fails to innovate and compete effectively in the tech sector, particularly in AI and cloud services.