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

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The U.S. and China should "harbor no illusions" about their differences as they engage to contain the risks of artificial intelligence, while competing with each other at the same time, Treasury Secretary Scott Bessent said. Bessent said in prepared remarks to the National Committee on U.S.-China Relations in New York Tuesday that the two governments had established a new dialogue mechanism on "super intelligence," or SI, aimed at guarding against "shared risks" and averting any "misunderstanding between our two systems.