The recent meeting between US President Joe Biden and Chinese President Xi Jinping at the APEC summit in Lima, Peru, marked a significant step in addressing long-term strategic risks. Both leaders affirmed the need for human control over nuclear weapons decisions and agreed to address AI-related risks. The summit also covered economic concerns, human rights issues, and regional challenges. While the agreement on nuclear control and AI governance is seen as progress, challenges remain in implementation and defining autonomy. The meeting emphasized the importance of US-China relations and the need for responsible management of their competitive relationship, setting the stage for future cooperation and dialogue.

The European Union is taking significant steps to implement the AI Act, launching targeted stakeholder consultations and developing a Code of Practice for general-purpose AI models. Key focus areas include transparency requirements, risk assessment, and safety frameworks for powerful AI models. The consultation process, open until December 11, 2024, seeks input from various stakeholders to refine guidelines and ensure effective regulation. While the AI Act aims to balance innovation with human rights protection, concerns persist regarding potential loopholes in AI technology exports. This comprehensive approach reflects the EU’s commitment to responsible AI development and deployment, with implications for businesses, citizens, and AI developers worldwide.