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 "harbour no illusions" regarding their differences as they navigate competition for AI supremacy and cooperation to mitigate technological risks. Speaking to the National Committee on US-China Relations in New York, Bessent noted that Washington seeks a relationship based on balance and reciprocity.

During a meeting in Shenzhen scheduled for November 18-19 on the sidelines of the Asia-Pacific Economic Cooperation leaders’ summit, President Donald Trump and President Xi Jinping are expected to advance a new bilateral dialogue on "superintelligence," or SI. According to Economic Times Tech, this dialogue is intended to guard against shared risks, prevent misunderstandings, and facilitate the exchange of best practices for testing advanced models.

CNBC outlets report that during Xi's September visit, Washington and Beijing agreed to launch an AI dialogue featuring a communications channel designed to help defuse serious incidents. Economic Times Tech adds that Trump and Xi agreed to this new AI alert system during a previous meeting at the White House in September.

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