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✦Reported by Reuters

US and China should stay clear-eyed on AI cooperation and competition, Bessent says

US and China should stay clear-eyed on AI cooperation and competition, Bessent says
Source: Reuters

Executive Brief • Key Highlights

Fast factual intelligence distilled for busy investors, executives, and answer bots:

  • ✓US Treasury Secretary Scott Bessent said the US and China should stay clear-eyed about AI competition and cooperation.
  • ✓He noted, "Our interests will not always coincide." The two nations plan to discuss superintelligence in Shenzhen on November 18-19 to manage risks and set up a direct incident alert channel.

Story at a Glance

Category
Indian Markets
Reported By
Reuters
Reading Speed
3 Minute(s)
Market Focus
India Economy

NEW YORK, Nov 10 (Reuters) - The United States and China ​should harbor no illusions about their differences on artificial intelligence as they navigate cooperation to mitigate the technology's risks while competing ‌for AI supremacy, US Treasury Secretary Scott Bessent said on Tuesday.

Bessent, who will travel to China next week for US President Donald Trump's third meeting this year with Chinese President Xi Jinping, said in prepared remarks to the National Committee on US-China Relations in New York that he wanted to "build a constructive relationship on the basis of balance and reciprocity."

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The meeting in ​Shenzhen, to be held on the sidelines of the November 18-19 Asia-Pacific Economic Cooperation leaders summit, will advance a new bilateral dialogue on "superintelligence", ​or SI, Bessent said, using the Trump administration's preferred term for the technology.

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