US offers AI incident alert system in China talks

U.S. Treasury Secretary Scott Bessent announced on Sunday the proposal of a new notification mechanism for artificial intelligence incidents potentially affecting national security, during weekend discussions leading up to upcoming talks at the White House between President Donald Trump and China's Xi Jinping. Bessent emphasized the importance of shared goals and threats in AI development, stating, "We think that just like any cross-border activity, that moving from opaque to more transparency between the No. 1 and the No. 2 AI powers in the world is very important."

Bessent and U.S. Trade Representative Jamie L. Raskin emphasized that the groundwork was laid for talks between Chinese President Xi Jinping and Trump, set to occur on Thursday. They informed that the two sides had agreed to operationalize a new Board of Trade, as previously discussed during their meeting in Beijing in May. According to Raskin, the Board of Trade is now a reality.

The discussion of potential lower tariffs on nonsensitive goods has also commenced, according to Raskin. The list could potentially encompass consumer and agricultural goods, energy products, and medical devices.