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)
TT

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.



Salesforce Gains as Software Firm Bets on AI Tools to Power Growth

The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights
The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights
TT

Salesforce Gains as Software Firm Bets on AI Tools to Power Growth

The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights
The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights

Shares of Salesforce gained more than 5% on Thursday as investors cheered the customer relationship management software maker's upbeat quarterly results and its artificial intelligence push to drive growth.

The company has been heavily investing to integrate its AI technologies into existing products, such as its messaging platform Slack, to enhance their capabilities and attract more customers.

"We continue to see Salesforce as an under-appreciated AI winner as its differentiated data and early success in creating/deploying GenAI agents," Reuters quoted Goldman Sachs analyst Kash Rangan as saying.

Wall Street was concerned that tempered cloud spending would affect Salesforce in a tough economy, but the software-as-a-service (SaaS) firm reported better-than-expected revenue, profit and margins in the second quarter.

Salesforce also raised its profit forecast for the year ending January 2025, as margins continue to expand, thanks to its restructuring efforts last year.

The stock is trading at 24.49 times that of Wall Street's profit expectations, compared with 52.11 for SaaS peer ServiceNow and cloud contact center firm Five9's 13.30.

Salesforce is set to add $14 billion to its market capitalization if premarket gains hold. The company's valuation stood at $248 billion as of Wednesday's close.

"We think these results alone are not good enough to drive a sustainable rally from here. For that, we need more catalysts, which could come with the new AI solutions," which are set to be showcased at its event Dreamforce and launched in October, Barclays analyst Raimo Lenschow said.

Some analysts believe that sustained growth in the coming quarters can come through customer support platform Agentforce, which is not yet commercially available.