As nations increasingly embrace the 97% cost advantage of Chinese AI, the USA has this brief opportunity to seize back the initiative. America’s ‘biggest risk’ on AI is China getting ahead, Bessent says Monday, 29 Jun 2026 | 5:38 PM MYT US Treasury Secretary Scott Bessent on Tuesday said China surpassing the United States on artificial intelligence was the “biggest risk” of the technology – outweighing concerns over safety or job losses. “The biggest risk to AI is China getting ahead of us,” Bessent said at the Economic Club of New York, adding that China’s willingness to discuss AI underscored America’s technological...