US Treasury Secretary Bessent says they will be discussing AI guardrails with China; adds China is substantially behind the US on AI, but is still advanced

Treasury Secretary Bessent's remarks on discussing AI guardrails with China highlight an ongoing geopolitical dialogue, indicating that the U.S. seeks a balance between fostering innovation and ensuring safety in AI development. While Bessent acknowledges China's advancements, positioning it as 'substantially behind' the U.S. may impact how investors view competitive dynamics in the tech sector. This conversation could influence market sentiment, particularly within global equities related to AI technology and regulatory environments.