AI in Focus Ahead of Trump-Xi Meeting

"Balance of Power" focuses on the intersection of politics and global business. On today's show, Rep. Nicole Malliotakis (R-NY) says China is “in some ways an ally, in some ways an adversary” as the US and China compete over artificial intelligence. Rep. Malliotakis says talks with Beijing over an AI framework are worthwhile, but questions whether China can be trusted to follow one. Anna Ashton, Co-Founder of Ashton Intelligence, says extending the US-China trade truce will likely be a central issue when President Trump meets Chinese President Xi Jinping. Ashton says the length of any extension matters as China retains leverage through restrictions on rare-earth exports. Chapters: 00:02:58 Bloomberg's Nick Wadhams on Trump Addresses UN, Weighs Iran Deal 00:05:54 Rep. Nicole Malliotakis (R-NY) on Iran and Diplomacy 00:09:01 Rep. Nicole Malliotakis (R-NY) on Diesel Prices and Potential Export Ban 00:10:23 Rep. Nicole Malliotakis (R-NY) on Trump, Mamdani and New York City 00:12:49 Rep. Nicole Malliotakis (R-NY) on Xi Jinping Visit and US-China AI Competition 00:15:16 Power Moves: Top Financial Moves 00:18:06 Anna Ashton, Co-Founder of Ashton Intelligence, on AI Issue With Trump-Xi Summit 00:20:10 Anna Ashton on Trade Truce, Export Controls and Rare Earths 00:22:21 Anna Ashton on China's Role in Russia, Ukraine and Iran 00:24:56 Bloomberg's Bill Faries on Texas and Michigan Senate Races 00:26:42 Political Panel Reacts: Midterm Election Battles, Republicans, Iran War and Rising Energy Costs, GOP Divisions and Trump Jr. Investigation 00:37:59 Helen McEntee, Ireland Minister for Foreign Affairs and Trade, on US-EU Trade and Tariffs, Ireland, China and EU Trade Strategy -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts