As artificial intelligence (AI) continues to reshape industries and economies worldwide, two global powers—the United States and China—are charting starkly different courses on how to regulate this transformative technology.

Business leaders who will speak at the main forum include former Google CEO Eric Schmidt, MiniMax founder Yan Junjie and SenseTime CEO Xu Li.

Chinese Premier Li Qiang urged the world to find a balance between artificial intelligence development and security risks. Speaking at the World AI Conference in Shanghai, he stressed that a global consensus is urgently needed.

A view of the World Artificial Intelligence Conference in Shanghai on July 26, 2025. Zhang Weilan/GT. The 2025 World Artificial Intelligence Conference (WAIC2025) kicked off in Sh

At the World AI Conference, Premier Li Qiang proposed a global body for AI cooperation to manage development and security in the tech landscape.

Despite U.S. export controls on advanced semiconductors, the company had managed to develop a customizable open technology that could compete with some of the most advanced proprietary American AI models,

“Despite Beijing pouring significant subsidies into its domestic semiconductor industry, China cannot produce chips capable of training leading AI models, leaving Chinese firms reliant on American suppliers,” wrote Jack Burnham and Miles Kershner of the Foundation for Defense of Democracies after the H20 announcement.

Amazon will shut down its AI research lab in a cost-cutting move as tensions flare with China and as other global companies even seek to leave the nation because of Chinese influence.