Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

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”.