Xi in Washington, US-China Trade Truce Extended, More
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Building a successful business is hard. Building one that lasts is even harder. The jobs market is tough. Industries are evolving. AI is advancing. How do you adapt and stay ahead? I'm James Reid, chairman and CEO of Reid and host of the All About Business podcast. Every Monday, I sit down with founders, CEOs, and entrepreneurs who've built extraordinary businesses, the people who get things done. I asked them about the decisions that mattered, the risks they took, the mistakes they made, and what they'd tell you to do differently. Whether you're building a business, leading a team, or simply fascinated by how successful people think, you'll hear honest conversations about the good, the bad, and the ugly of building something that lasts.
If you want top insights and actionable advice to apply to your career or business venture, listen to James Reid All About Business. Listen on Apple, Spotify, YouTube, or wherever you get your podcasts. See you next time.
News when you want it with Bloomberg News Now. I'm Doug Krisner. Chinese President Xi Jinping is in the United States now for a three-day visit. His aircraft landed at about 6 p.m. at Joint Base Andrews, where he was welcomed by President Trump. Xi said he was confident the trip would produce fruitful results. And shortly after his plane landed, U.S. Treasury Secretary Scott Besant told Fox News the U.S. and China have agreed to extend their trade truce until January 10th. Here is Besant.
I don't know whether a bigger deal can be done. I don't know whether we will just roll the current deal. There's some deliverables that have not been perfect on the Chinese side. So, you know, we also want to see now that we've sat down and told them our expectations to see if over the coming months they can be a bit more fulsome in enacting
the agreement. That was U.S. Treasury Secretary Scott Besson speaking to Fox News. 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 coated with radar-absorbing material. The parts were being shipped by UPS for inspection and possible repair or disposal. Here is Bloomberg's Tony Capaccio.
I'm thinking that they're analyzing the material. To me, this is not like showstopper F-35 technology, but it's sensitive enough that in the interest of good relations, China should have returned it. I know the U.S. was pressing for them to get it.
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 Amadei appeared 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.
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. It is the work of ensuring that these systems reliably remain under human control, reflect human values, and help people guide the
next stages of development. Here is Amadei on the risks of artificial intelligence.
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.
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.
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