US and China launch AI dialogue ahead of Trump-Xi summit

The United States and China have agreed to establish a formal dialogue on artificial intelligence, announced following talks between Treasury Secretary Scott Bessent and Chinese Vice-Premier He Lifeng in New York on Sunday. The agreement aims to manage risks associated with rapid AI advancements. The new framework formalizes a "board of trade" first discussed during a May meeting between President Trump and President Xi in Beijing. It includes a notification mechanism for AI-related incidents involving national security, with Bessent emphasizing the importance of transparency between the world's two leading AI powers. The announcement comes ahead of a Trump-Xi summit in Washington, where trade truce extensions and rare earth export restrictions are expected to be key topics. The AI dialogue represents a new area of cooperation amid ongoing tensions over trade and technology.