Treasury Secretary Scott Bessent highlighted the importance of transparency between the U.S. and China as the world’s top two AI powers, following weekend talks ahead of President Xi Jinping’s expected White House visit. The discussions centered on creating an AI-era 'red telephone' for national security alerts, though experts like Dario Amodei of Anthropic stress global cooperation is essential for meaningful AI safety. Despite progress, deep divisions remain: U.S. officials favor strict chip export controls to slow China’s AI growth, which Beijing condemns as a 'Cold War playbook.' Bessent noted the dialogue is just a start, with plans to reconvene in two months.

Anthropic’s IPO ambitions remain strong, targeting over $100 billion in funding at a potential $2 trillion valuation, with over $100 billion in annualized revenue expected by year-end. Meanwhile, Trump’s proposed 'AI Force' lacks detail, and his family’s AI investments draw scrutiny as he resists AI slowdown calls. Separately, Paramount’s stock rose on settlement talks, with executives considering a $1.5 billion California production investment amid Warner Bros.

Discovery takeover negotiations, including possible cable divestments and CNN independence safeguards. President Trump is also set to meet Mayor Zohran Mamdani at Gracie Mansion on Monday, ahead of his UN General Assembly speech.