# US-China AI safety and regulation discourse > Live situation record from CLSTR: https://clstr.news/situations/us-china-ai-safety-and-regulation-discourse > Updated: 2026-10-19T10:00:00.000Z. Sources: 7. Developments: 2. Discussions regarding artificial intelligence safety and governance have centered on the balance between industry self-regulation and international cooperation between the United States and China. US Treasury Secretary Scott Bessent has advocated for industry self-regulation, arguing that developers should take responsibility for managing risks and voluntarily slow development if necessary. He characterized certain warnings of existential risk as ‘alarmism’ and emphasized the importance of maintaining a technological advantage over China. To manage global risks, the US is pursuing a bilateral notification system with China to share information regarding significant AI-related incidents. In a similar vein, former US Treasury Secretary Robert Rubin has called for increased US-China cooperation to address risks posed by rapid AI advancement, such as cyberattacks. Rubin noted that while the economic impact of AI remains uncertain, the risk of AI-related investments triggering a systemic financial crisis in the US is “extremely low” due to well-capitalized banks. ## Timeline ### 2026-10-19: AI safety requires US-China cooperation, says former US Treasury Secretary Robert Rubin Former US Treasury Secretary Robert Rubin urges US-China cooperation on AI safety, while CIE-USA/GNYC announces awards for experts in AI and quantum computing. 4 sources. https://clstr.news/cluster/ai-safety-requires-us-china-cooperation-says-former-us-treasury-secretary-robert-rubin ### 2026-10-02: Scott Bessent urges AI industry responsibility and self-regulation US Treasury Secretary Scott Bessent advocates for AI industry self-regulation and responsibility, warning against alarmism without solutions while emphasizing the need to maintain a lead over China. 3 sources. https://clstr.news/cluster/scott-bessent-advocates-for-ai-self-regulation-and-us-china-safety-cooperation --- Cite as: US-China AI safety and regulation discourse. CLSTR, https://clstr.news/situations/us-china-ai-safety-and-regulation-discourse