US and China agree to map out framework for developing AI responsibly. Here’s what you need to know

News Snapshot:

The world's two powerhouse nations have finally agreed to sit down and discuss their concerns around the expanding power and reach of artificial intelligence (AI) after years of lobbying from officials and experts. Both Beijing and Washington have been wary of giving their adversary an advantage by limiting their own research and capabilities, but observers have long-expressed concern that the existential risks of such an approach are far too high. "The capacity of AI to induce risks that could potentially result in human extinction or irrevocable civilisational collapse cannot be overstated," AI policy and ethics experts warned last year. While...