U.S. and China urged to balance AI cooperation and competition

U.S. Treasury Secretary Scott Bessent emphasized the need for the United States and China to maintain a clear perspective on their differences regarding artificial intelligence. He stated that cooperation should focus on mitigating risks while competing for AI supremacy. Bessent is set to travel to China for a meeting between U.S. President Donald Trump and Chinese President Xi Jinping, aiming to foster a constructive relationship based on balance and reciprocity. The upcoming meeting will take place during the Asia-Pacific Economic Cooperation leaders summit. Bessent highlighted the importance of advancing a bilateral dialogue on 'superintelligence,' a term preferred by the Trump administration. This dialogue aims to establish guardrails and promote mutual trade progress in the AI sector. The discussions are expected to address pivotal global issues, including trade and technology, as both nations navigate their complex relationship.