US and China agree to open AI dialogue ahead of Trump-Xi summit

US and Chinese economic officials discussed creating a communication channel for AI concerns at meetings Sunday, setting the stage for a planned Trump-Xi summit this week. Treasury Secretary Scott Bessent called the engagement "very successful" after talks with Chinese Vice Premier He Lifeng. The discussions, lasting around eight hours at JPMorgan Chase's headquarters in New York, included a proposed "US-China AI dialogue" with a notification mechanism for potential national security-level AI incidents. Both sides agreed to meet again, with talks also covering trade truce extensions and non-sensitive goods like consumer products and medical devices. The summit comes amid low expectations, with analysts predicting only a short-term truce. Trump and Xi are expected to meet again at November's APEC forum in Shenzhen and possibly at December's G20 summit in Miami.