US White House has accused China of "industrial scale" theft of US AI tech labs' intellectual property, FT reports citing a memo

The White House's accusation against China regarding "industrial scale" theft of AI intellectual property signals a potential escalation in U.S.-China tensions. This could lead to heightened scrutiny on technology investments and further sanctions, impacting both U.S. and Chinese tech sectors. Traders should consider how this geopolitical friction might affect broader market sentiment and asset flows towards safe havens like gold or the dollar.