US, China officials to meet at JPMorgan HQ on AI security, trade issues Sunday

The US Treasury’s Scott Bessent and China’s He Lifeng are set to meet at JPMorgan headquarters this Sunday to discuss artificial intelligence security, trade, and economic issues. This high-level meeting marks a significant engagement between the US and China, suggesting a potential diplomatic thaw. The meeting comes amid ongoing tensions and competitive dynamics in the tech sector, particularly concerning AI and its implications for national security. Observers note that the dialogue could potentially influence a range of bilateral issues, including the listing of Chinese companies on the US military blacklist. Key Takeaways The meeting between US and Chinese officials appears to suggest a potential diplomatic thaw, which could lead to changes in the status of companies like Alibaba regarding the military list. Market pricing in related prediction markets has seen an increase in the likelihood of Alibaba being removed from the Chinese Military Companies list, now at 24.5% YES, up from 22% a day earlier. This meeting may indicate a broader intent to stabilize US-China economic relations, potentially impacting other markets such as those predicting a visit by Xi Jinping to the US. W...