U.S., China should ‘harbor no illusions’ as they cooperate, compete on AI, Bessent says

US Treasury Secretary Scott Bessent stated on Tuesday that the United States and China should "harbor no illusions" regarding their differences as they both seek to mitigate artificial intelligence risks and compete for technological supremacy. Speaking to the National Committee on US-China Relations in New York, Bessent expressed a desire to build a relationship based on balance and reciprocity.

The two nations are expected to advance a new bilateral dialogue on "superintelligence," or SI, during a meeting between President Donald Trump and President Xi Jinping in Shenzhen next week. The meeting is scheduled to take place on the sidelines of the November 18-19 Asia-Pacific Economic Cooperation leaders' summit. This will mark Trump's third meeting with Xi this year.

According to Economic Times Tech and Investing.com, the dialogue aims to guard against shared risks, prevent misunderstandings, and exchange best practices for testing advanced models and maintaining human command of the technology. CNBC reports that during a September visit, Washington and Beijing previously agreed to launch an AI dialogue including a communications channel to help defuse serious incidents.

Brief written by urgent.news from CNBC, Times of India, Economic Times Tech, Investing.com, Free Malaysia Today — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.