Core Insights - The 2025 Global Web Summit opened in Lisbon, Portugal, discussing cutting-edge technologies like AI and robotics, with over 70,000 attendees expected, including 2,500 startups and 1,000 investors [1][3] - The founder of the summit, Paddy Cosgrave, highlighted a shift in the innovation center from the West to Asia, with Chinese companies leading in AI and humanoid robotics, marking a decline in Western dominance in technology [1][3] - Cosgrave noted that ten years ago, China was seen as a follower in technology, but now it is a driving force in global tech innovation, showcasing excellent open-source AI models available for free [1][3] Industry Trends - The tech industry is entering a "multipolar" era, with emerging countries like Poland, Brazil, India, and Vietnam producing a new generation of startups [3] - Brazil's central bank has launched the digital payment service Pix, indicating that Global South countries are taking over areas previously dominated by the West [3] - The number of German startups attending the summit has decreased for the first time, while Polish startups have reached a record high, positioning Poland as a model of ambition in New Europe [3] European Perspective - Despite the decline of Western tech dominance, Cosgrave remains optimistic about technological development in Europe, citing many surprising startups still emerging [3] - He recalled that the UK fintech giant Revolut was once a small startup at the summit ten years ago, illustrating the potential for growth in European tech [3] Innovation Rankings - According to the 2024 Global Innovation Index report by the World Intellectual Property Organization, China has risen to 11th place in global innovation rankings, marking it as one of the fastest-growing economies in innovation over the past decade [4] - China now boasts 26 of the world's top 100 technology innovation clusters, surpassing the previous year's 24, ranking first globally [4]