world-economy

U.S., China Establish AI Safety Protocol Following Presidential Summit

Treasury Secretary Scott Bessent announced Thursday that the United States and China will establish a protocol for artificial intelligence safety. Speaking from Beijing during President Donald Trump's summit with Chinese President Xi Jinping, Bessent said the two countries would work to prevent nonstate actors from obtaining advanced AI models. Bessent characterized the discussions as productive, attributing the willingness to cooperate to American technological leadership. "The reason we are able to have wholesome discussions with the Chinese is because we are in the lead," Bessent told CNBC. "I do not think we would be having the same discussions if they were this far ahead of us," he added. Bessent also said he expects Trump to address Taiwan policy in coming days.