Treasury Secretary Scott Bessent said that the U.S. is open to discussing shared risks with China in upcoming AI talks this weekend.

Axar.az reports, citing Axios, that the Trump administration has flatly rejected calls from industry to pace or slow down the development of AI, citing a fierce race against China.

Bessent's scheduled meeting with Chinese Vice Premier He Lifeng could provide an opening for talks on U.S.-China AI safety cooperation.

"The United States remains the leader in AI. And we are open to discussions on avoiding shared risks and avoiding bifurcation of our two systems. We expect our discussions to cover both open and closed weight models," Bessent said in a statement to Axios.

It should be noted that consultations between the US and China on AI, trade and economic issues are scheduled to take place in New York this weekend.