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

AI Summary

Washington and Beijing agreed during Xi Jinping’s September visit to establish an AI dialogue and a communications channel to help defuse serious incidents. U.S. Treasury Secretary Scott Bessent said the countries should not underestimate the risks even as they cooperate and compete on AI.

During Xi's September visit, Washington and Beijing agreed to launch an AI dialogue with a communications channel to help defuse serious incidents.