US Treasury Secretary Scott Bessent proposed a formal notification mechanism for national security-level AI incidents during economic talks with China’s Vice Premier He Lifeng in New York on September 20. The proposal aims to create a formalized communication pathway between Washington and Beijing for critical AI incidents, as the two countries dominate global AI development. The discussions took place ahead of a scheduled summit between Presidents Trump and Xi Jinping, with the goal of presenting a concrete proposal at that meeting. Key challenges include defining what qualifies as a national security-level incident and addressing the significant trust deficit between the two powers. Initial market reaction was muted with no immediate implications for AI-related trading sectors.
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