U.S., China should ‘harbor no illusions’ as they cooperate, compete on AI, Bessent says

Treasury Secretary Janet Yellen's counterpart in China and U.S. officials agreed in September to establish an AI dialogue with a direct communications channel following Chinese President Xi Jinping's visit to Washington. The channel was designed to address serious incidents that could arise from AI-related activities. Treasury Secretary Bessent stated that both countries should proceed without illusions while they cooperate and compete in artificial intelligence development.

• CNBC — U.S., China should ‘harbor no illusions’ as they cooperate, compete on AI, Bessent says

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