The U.S. and Chinese delegations are set to convene in Beijing to discuss establishing guardrails for artificial intelligence. The summit aims to create protocols for best practices to restrict the access of non-state actors to the most advanced AI models, ensuring control and safety.In an interview with CNBC, Bessent highlighted the critical need for the U.S. to maintain its lead over China in AI. He noted that this technology leadership is pivotal, and Beijing's involvement reflects its interest in fortifying safety measures through dialogues on guardrails.Bessent emphasized the delicate balance between encouraging innovation and ensuring safety. He stated that the…