US, China Meet in Geneva to Discuss AI Risks 

An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. (Reuters)
An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. (Reuters)
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US, China Meet in Geneva to Discuss AI Risks 

An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. (Reuters)
An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. (Reuters)

The US and China will meet in Geneva to discuss advanced artificial intelligence on Tuesday, US officials said, stressing that Washington's policies would not be up for negotiation even as the talks explore mitigating risks from the emerging technology.

President Joe Biden's administration has sought to engage China on a range of issues to reduce miscommunication between the two rivals. US Secretary of State Antony Blinken and China's Foreign Minister Wang Yi broached the topic of AI in April in Beijing, where they agreed to hold their first formal bilateral talks on the subject.

The State Department has pressed China and Russia to match US declarations that only humans, and never artificial intelligence, would make decisions on deploying nuclear weapons.

"This is the first meeting of its kind. So, we expect to have a discussion of the full range of risks, but wouldn't prejudge any specifics at this point," a senior administration official told reporters ahead of the meeting when asked if the US would prioritize the nuclear weapons issue.

China's rapid deployment of AI capabilities across civilian, military and national security sectors often undermined the security of the US and its allies, the official said, adding the talks would allow Washington to directly communicate its concerns.

"To be very clear, talks with Beijing are not focused on promoting any form of technical collaboration or cooperating on frontier research in any matter. And our technology protection policies are not up for negotiation," the official added.

Reuters has reported that the Biden administration plans to put guardrails on US-developed proprietary AI models that power popular chatbots like ChatGPT to safeguard the technology from countries such as China and Russia.

A second US official briefing reporters said Washington and Beijing were competing to shape the rules on AI, but also hoped to explore whether some rules could be "embraced by all countries."

"We certainly don't see eye to eye ... on many AI topics and applications, but we believe that communication on critical AI risks can make the world safer," the second official said.

US National Security Council official Tarun Chhabra and Seth Center, the State Department's acting special envoy for critical and emerging technology, will lead the talks with officials from China's Foreign Ministry and state planner, the National Development and Reform Commission.

US Senate majority leader Chuck Schumer plans to issue recommendations in coming weeks to address risks from AI, which he says will then be translated into piecemeal legislation.

He has cited competition with China and its divergent goals for AI, including surveillance and facial recognition applications, as reason for Washington's need to take a lead in crafting laws around the rapidly advancing technology.

Chinese authorities have been emphasizing the need for the country to develop its own "controllable" AI technology.



Dell Raises Forecasts as Demand Surges for Nvidia Powered AI Servers 

The logo of Dell Technologies at the Milipol Paris in Villepinte near Paris, France, November 15, 2023. (Reuters)
The logo of Dell Technologies at the Milipol Paris in Villepinte near Paris, France, November 15, 2023. (Reuters)
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Dell Raises Forecasts as Demand Surges for Nvidia Powered AI Servers 

The logo of Dell Technologies at the Milipol Paris in Villepinte near Paris, France, November 15, 2023. (Reuters)
The logo of Dell Technologies at the Milipol Paris in Villepinte near Paris, France, November 15, 2023. (Reuters)

Dell Technologies raised its annual revenue and profit forecasts on Thursday, buoyed by demand for its AI-optimized servers that are powered by Nvidia's powerful chips, sending its shares up about 3% in extended trading.

Dell's infrastructure solutions group, which includes Nvidia-powered servers, surged 38% to a record revenue of $11.65 billion in the second quarter.

The company's servers are engineered to handle AI systems' intense computational demands, including training large language models.

"Enterprise remains a significant opportunity for us, as many are still in the early stages of AI adoption," Chief Operating Officer Jeff Clarke said in a post-earnings call.

Clarke said that Dell sees an emerging opportunity in "sovereign AI" by leveraging the company's strong relationships with governments globally.

Nvidia on Wednesday said nations building AI models in their own languages were turning to its chips, and that this would contribute about low double-digit billions to its revenue in the financial year ending in January 2025.

Nvidia CEO Jensen Huang called out the partnership with Dell earlier this year, saying they were helping businesses create their own "AI factories."

Dell's stock has risen 45% this year.

Dell said on Thursday it now expects annual revenue outlook to be between $95.5 billion and $98.5 billion, up from $93.5 billion and $97.5 billion previously. It also raised its annual adjusted profit per share forecast to $7.80, plus or minus 25 cents.

Demand for its AI-optimized servers rose about 23% sequentially to $3.2 billion in the second quarter. The backlog for these AI servers was $3.8 billion.

"Our pipeline has grown to several multiples of our backlog," Clarke said in a statement.

Revenue for the second quarter ended Aug. 2 rose about 9% to $25.03 billion, beating analysts' average estimate of $24.14 billion, according to LSEG data. It reported adjusted profit per share of $1.89 per share, compared with estimates of $1.71 per share.

While AI server demand soared, Dell's PC business struggled, losing market share to rivals. However, a strong refresh cycle for

AI PCs are expected next year after Microsoft ends support for Windows 10.

Revenue for the client solutions group - home to PCs - fell about 4% to $12.41 billion.

"Dell lost PC shipment shares in key markets in the second quarter. It is the top vendor in the US business market, but its competitors have shown growth and gained more shares than they did a year ago," said Mikako Kitagawa, director analyst at Gartner.

The company took a $328 million charge for workforce reductions in the second quarter.

Separately, Reuters exclusively reported earlier on Thursday that Dell is again exploring a possible sale of cybersecurity firm SecureWorks, following previous unsuccessful attempts to find a buyer.