Trump and Xi to meet on AI regulation, but both resist slowing development

US President Donald Trump and Chinese President Xi Jinping will meet in Washington DC on Wednesday, with artificial intelligence regulation expected to be a prominent topic of discussion. However, early signals suggest neither nation is willing to slow AI development, as both leaders view the other as a competitive threat. Trump has stated the US is leading China in AI and wants to maintain that advantage, while China's foreign ministry rejected "fearmongering" and "vicious competition" that could disrupt global AI governance. Treasury Secretary Scott Bessent has proposed a notification mechanism between the two countries for AI incidents, similar to nuclear alert systems, with delegations set to meet again in two months. The meeting follows a week of global concern about AI doomsday scenarios, but political response appears to be cooling. Trump has called doomsday warnings a "hoax," Congress has recessed for seven weeks without progress on safety legislation, and industry figures like Nvidia's Jensen Huang argue that scaring people is "irresponsible."