INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

China says balance between AI development, security ‘urgently requires consensus’

Chinese Premier Li Qiang is seen on a screen as he speaks at the opening ceremony of the World Artificial Intelligence Conference in Shanghai on July 26, 2025. AFP
  • This week US President Donald Trump unveiled an aggressive low-regulation strategy aimed at cementing US dominance in the AI field
  • Opening the World AI Conference (WAIC) in Shanghai on Saturday, Li emphasised the need for governance and open-source development

Shanghai, China – China’s Premier Li Qiang warned Saturday that artificial intelligence development must be weighed against the security risks, saying global consensus was urgently needed even as the tech race between Beijing and Washington shows no sign of abating.

This week US President Donald Trump unveiled an aggressive low-regulation strategy aimed at cementing US dominance in the fast-moving field, promising to “remove red tape and onerous regulation” that could hinder private sector AI development.

Opening the World AI Conference (WAIC) in Shanghai on Saturday, Li emphasised the need for governance and open-source development, announcing the establishment of a Chinese-led body for international AI cooperation.

“The risks and challenges brought by artificial intelligence have drawn widespread attention… How to find a balance between development and security urgently requires further consensus from the entire society,” the premier said.

At a time when AI is being integrated across virtually all industries, its uses have raised major ethical questions, from the spread of misinformation to its impact on employment, or the potential loss of technological control.

In a video message played at the WAIC opening ceremony, UN Secretary-General Antonio Guterres said AI governance would be “a defining test of international cooperation”.