US Treasury Secretary Scott Bessent said on Tuesday that the United States and China will advance a new bilateral dialogue on 'superintelligence' — the Trump administration's preferred term — when President Trump meets President Xi Jinping on the sidelines of the November 18-19 APEC leaders summit in Shenzhen, Reuters reported. The dialogue is meant to guard against shared risks and 'prevent a misunderstanding between our two systems,' Bessent said in prepared remarks to the National Committee on US-China Relations in New York.

The practical pieces: the two sides have agreed to establish a direct channel for alerting each other to serious AI incidents — an agreement Trump and Xi reached at their White House meeting in September — and Bessent said the US expects to exchange best practices for evaluating and testing advanced models before release, and for keeping human judgment in command of the technology.

Bessent paired the cooperation with a warning: the two countries should 'harbor no illusions' about their differences while competing for AI supremacy, and their interests will not always coincide. The Shenzhen meeting will be Trump's third with Xi this year, with a fourth expected at the US-hosted G20 in Miami in December.