Trump-Xi Summit Focuses on AI Standoff as Chip Smuggling and Spending Gaps Loom
US President Donald Trump and Chinese President Xi Jinping are meeting in Washington to discuss AI, with Trump stating he wants to 'leave it exactly where it is' while proposing a security hotline. The US dominates AI computing power and spending, but China leads in research output and is closing the gap in model performance. Meanwhile, Congress pushes for stricter chip controls to combat smuggling in Southeast Asia, a move industry groups warn could undermine US global competitiveness.