Overview
- Treasury Secretary Scott Bessent will travel to Shenzhen next week to join President Trump for a meeting with Xi Jinping on Nov. 18-19 and to advance a new bilateral 'superintelligence' dialogue.
- The proposed dialogue is meant to reduce shared AI risks by exchanging best practices for testing advanced models, keeping human judgment in control, and creating a direct incident-alert channel between the two governments.
- Bessent reiterated the administration's economic stance of 'de-risk, not to decouple' and said prior agreements include a Board of Trade for reciprocal tariff cuts and a planned Board of Investment to address market access.
- Nvidia's CEO Jensen Huang is under an internal board review after reports about a relationship with a businesswoman suspected by some U.S. officials of links to Chinese intelligence, and Nvidia's independent directors have hired Wachtell, Lipton, Rosen & Katz to investigate while a shareholder lawsuit seeks damages.
- The combination of high-level AI talks and the unfolding Nvidia probe could affect U.S.-China tech cooperation, investor confidence and national-security reviews, so officials and markets will watch the law firm inquiry and any government findings closely.