Microsoft helped build AI in China. Chinese AI helped build Microsoft.

But the increased pressures around competition between the US and China are taking a toll on businesses. The number of US companies doing business in China that reported negative business impacts such as lost sales and supply sourcing disruptions in June reached 87%, up from 73% in 2018, according to the US-China Business Council, a group that counts Amazon, Apple, eBay, Meta, Intel, IBM, and Microsoft among its members.