Xi Arrives in the US, China Trade Truce Extended, More

episode

Bloomberg News Now 7 min 8 speakers 8 chapters transcribed just now

▲ 0

Transcript

jump: chapters · speakers · find in transcript

Transcript

Transcript generated automatically by AI and may contain errors.

What is the main topic discussed in this episode?

Caroline Hepker 0:00

AI is entering its most consequential phase where scale, safety, and sovereignty will determine who leads and who lags. Join Bloomberg Tech in London on November 2nd and 3rd as global leaders across business, finance and policy examine the defining trade-offs shaping the future of AI. Thank you to our presenting sponsor Salesforce and supporting sponsors IDA Island and Schneider Electric. Learn more at BloombergLive.com slash. Slash Tech London.

Doug Krisner 0:31

News when you want it with Bloomberg News Now. I'm Doug Krisner.

Why is Chinese President Xi Jinping visiting the United States and what are the expectations?

Doug Krisner 0:34

Chinese President Xi Jinping is in the United States now for a three day visit. His aircraft landed at about 6 PM at Joint Base Andrews, where he was welcomed by President Trump. She said he was confident the trip would produce fruitful results. And shortly after his plane landed, U.S. Treasury Secretary Scott Besson told Fox News the U.S.

How did the United States and China agree to extend their trade truce until January 10?

Doug Krisner 0:55

and China have agreed to means to extend their trade truce until january tenth, here is Bessent.

Scott Bessent 1:02

I don't know whether a bigger deal can be done. I don't know whether we will just roll the current deal. Uh uh that there's some deliverables that have not been perfect on the Chinese side. So, you know, we also want to see uh now that we've set down and told them our expectations, to see if over the coming months they can be a bit more fulsome in uh in action.

Doug Krisner 1:24

That was U.S. Treasury Secretary Scott Besson speaking to Fox News.

What is the story behind the sensitive F‑35 fighter components that ended up in Hong Kong?

Doug Krisner 1:28

Separately, the Chinese government is in possession of potentially sensitive components for the F-35 stealth fighter aircraft. These parts were inexplicably diverted to Hong Kong while being sent to the U.S. from Australia in late May. We are told the parts include a cockpit canopy and a weapons bay door, both coast. The parts were being shipped by UPS for inspection and possible repair or disposal. Here is Bloomberg's Tony Capaccio.

Tony Capaccio 1:57

I'm thinking that they're analyzing the material. I this is not to me this is not like showstorp or F thirty five technology, but it's sensitive to it's sensitive enough that in the interest of good relations, China should have returned it. I know the US was pressing for them to get it.

Doug Krisner 2:14

That was Bloomberg's Tony Capaccio. By the way, two congressional committees are also conducting inquiries. The leaders of both OpenAI and Anthropic are urging world leaders to work together on artificial intelligence. Sam Altman and Dario Amade appear today before the UN Security Council, and both executives said governments should join industry in making critical decisions about AI's future. Here's Altman.

Sam Altman 2:40

We have a choice in front of us. AI can either be more like a new renaissance of creativity and discovery, or more like a new industrial revolution of upheaval and disarray. As AI becomes more capable. People must remain at the center of AI decision making. Alignment is not an abstract research question.

Why are OpenAI and Anthropic leaders urging world leaders to collaborate on AI policy at the UN?

Sam Altman 2:59

It is the work of ensuring that these systems reliably remain under human control, reflect human values, and help people guide the

Doug Krisner 3:06

next stages of development. Here is Amadei on the risks of artificial intelligence.

Dario Amodei 3:10

The first is misuse of AI models. For example, misuse by bioterrorists to create biological weapons. The second risk is loss of control. If managed poorly, I even believe that AI could be a risk to humanity as a whole.

Doug Krisner 3:24

Meantime, on Capitol Hill, Arizona Democratic Senator Mark Kelly has a proposal to help regulate the economic impact of artificial intelligence. It's been labeled the Make AI Work for Americans Act, and it's designed to protect American workers and to regulate the AI industry. It includes a digital ad tax and an AI usage tax. These revenues would fund support for workers displaced by the By the technology. Here is Kelly.

Sen. Mark Kelly 3:51

You know, I think about this as like being in the space shuttle and the master alarm light is flashing in your face. It's time to act and come up with a plan. And there is the possibility we could have significant job loss. Hasn't come as fast as we thought. However, the technology is moving along and becoming more capable than we anticipated.

Doug Krisner 4:13

Arizona Democratic Senator Mark Kelly speaking on Bloomberg's balance of power.