Gulf Insider
Treasury Secretary Scott Bessent said on May 14 that Washington and Beijing would begin formal discussions on artificial intelligence (AI) safety protocols following meetings between U.S. President Donald Trump and Chinese leader Xi Jinping in Beijing. Bessent’s comments come as the rival powers sought to stabilize ties strained by trade disputes, the Iran conflict, and AI competition. Speaking to CNBC from the sidelines of the Trump–Xi summit, Bessent said the United States and China—which he described as the world’s “two AI superpowers”—were preparing to establish a framework on AI best practices and safeguards aimed at preventing advanced models from falling into the wrong hands. “The two AI superpowers are going to start talking,” Bessent said. “We’re gonna set up a protocol in terms of how do we go forward with best practices for AI to make sure non-state actors don’t get a hold of these models.” Bessent said the United States would seek to embed “U.S. values” and American-led best practices into emerging global AI standards, adding that Washington was engaging Beijing from a position of technological strength. “The reason we are able to have fulsome discussions with the Chinese on AI is because we are in the lead,” he said. “I […]
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