Star founders, Beijing officials and deep-pocketed financiers converge on Shanghai by the thousands this weekend to attend China’s most important AI summit. At the top of the agenda: how to propel Beijing’s ambitions to leapfrog the US in artificial intelligence — and profit off that drive.

The new framework suggests a strong US open-source AI network has “geostrategic value” because it could underpin businesses and academic research globally.

After months of reckless accelerationist rhetoric from the Trump administration, expectations for the AI Action Plan were rock bottom. Observers — myself included — were braced for a plan that wouldn’t even pay lip service to the potential risks from AI,