Cezaro De Luca | Europa Press | Getty ImagesMicrosoft President Brad Smith met with China's Minister of Commerce Wang Wentao on Wednesday to discuss topics ranging from artificial intelligence to trade relations between Washington and Beijing, according to a Youdao-translated Chinese government announcement. The meeting underscores China's attempt to show it remains favorable to American businesses amid continued tensions with the U.S., as it looks to reinvigorate its economy. China's own technology giants — from Alibaba to Baidu and Tencent — have also been launching their own AI models and rival products. Washington has sought to restrict China's access to key technologies such as semiconductors, and U.S. export curbs recently targeted chips from Nvidia, which are used to train artificial intelligence models. During the Biden and Xi meeting, the two leaders "affirmed the need to address the risks of advanced AI systems and improve AI safety through U.S.-China government talks," according to a White House readout.

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Persons: Brad Smith, Cezaro De Luca, Commerce Wang Wentao, Smith, Joe Biden, Xi Jinping, Wang, Xi Organizations: Europa Press, Getty, China's, Commerce, U.S, Ministry, Microsoft, Baidu, Technology, Nvidia, Biden Locations: Madrid, Spain, Washington, Beijing, China, U.S, Alibaba