Business

US and allies endorse open-source AI with security safeguards at Beijing summit

China’s industry minister confirms landmark agreement as US President Donald Trump holds talks with Xi Jinping, attended by major tech executives.

Author
Owen Mercer
Markets and Finance Editor
Published
Draft
Source: CNBC · original
U.S., other nations back open-source AI with 'strong security' at China summit
APEC statement marks first ministerial-level commitment to open-source cooperation

The United States and a coalition of other nations have formally endorsed the development of open-source artificial intelligence, provided it is underpinned by robust security measures. The agreement was reached during a high-level summit in Beijing, signalling a significant shift in international policy regarding the governance and accessibility of foundational AI technologies.

Li Lecheng, China’s Minister of Industry and Information Technology, confirmed the significance of the accord, stating that the resulting APEC statement represents the first instance where open-source cooperation has been included at the ministerial level. This designation elevates the status of open-source AI from technical discussions to formal diplomatic engagement among governments.

The endorsement comes amidst broader geopolitical discussions between US President Donald Trump and Chinese President Xi Jinping. The summit, which marks the first visit by an American president to China since 2017, has also covered trade dynamics, artificial intelligence regulation, and tensions related to Iran. The presence of major technology executives, including Elon Musk, Tim Cook, and Jensen Huang, highlights the commercial stakes involved in these diplomatic outcomes.

Market participants reacted positively to the developments as the summit commenced. US equity indices rose on the day of the announcement, with the Dow Jones Industrial Average gaining 0.8 per cent, the S&P 500 rising 0.3 per cent, and the Nasdaq Composite climbing 0.2 per cent. Nvidia shares also surged more than 2 per cent following US approval related to the discussions taking place in Beijing.

While the specific nations backing the initiative alongside the United States were not individually named in the initial reports, the collective endorsement underscores a growing consensus on the need for secure, collaborative frameworks in the open-source AI sector. The details of the security measures themselves remain undefined in the current statement, leaving implementation specifics to future regulatory and technical negotiations.

Continue reading

More from Business

Read next: Trade partners reject US forced-labour tariff justification as negotiations continue
Read next: Trump administration reimposes sweeping tariffs on 60 trade partners as global duties expire
Read next: Intel shares surge 11% on AI-driven earnings growth