Trump and Xi address AI competition during bilateral summit

US President Donald Trump and Chinese President Xi Jinping met on Thursday for a bilateral summit focused on managing competition between the two nations, with artificial intelligence emerging as a primary topic. The meeting aimed to keep relations between the world’s two largest economies on track amid ongoing geopolitical and technological rivalries. Both leaders addressed strategic concerns regarding artificial intelligence advancement alongside broader economic stability. The discussions took place amid wider financial market movements, including sharp increases in long-dated US bond yields tied to fiscal and inflation expectations.

Sources: Bloomberg.