Global discussions around artificial intelligence intensified at the APEC summit, where Chinese President Xi Jinping proposed the creation of a World Artificial Intelligence Cooperation Organization to establish governance rules and foster collaboration, positioning China as a key player in AI's future. South Korean President Lee Jae Myung also focused on AI, alongside demographic changes, advocating for joint efforts to turn these shifts into opportunities. The summit concluded with member countries adopting declarations on AI and demographic change, with China set to host the 2026 summit in Shenzhen. Meanwhile, in the tech sector, Intel is reportedly in talks to acquire AI chipmaker SambaNova, aiming to bolster its position against competitors like Nvidia and AMD. In financial markets, Chinese AI models, including DeepSeek and Qwen AI, are demonstrating superior performance in a cryptocurrency trading challenge compared to US models like ChatGPT and Gemini. Beyond large-scale applications, AI is finding practical uses in various fields: Hudson River Trading is leveraging AI for efficient trading and price predictions, while the AI-powered Scout platform is assisting oncologists with treatment decisions. Experts also suggest that Certified Public Accountants (CPAs) are well-suited to become AI auditors, evaluating AI systems for businesses. However, the rapid advancement of AI also brings challenges, with Ohio schools initiating educational programs on the dangers of AI photo manipulation and the Children's Advertising Review Unit (CARU) issuing guidelines for the ethical use of generative AI with children. Experts also note that AI has moved past its initial hype, emphasizing the need for businesses to reskill their workforce and adapt to AI's integration into professional services, while acknowledging that AI cannot currently solve complex political stalemates like government shutdowns.
Key Takeaways
- Chinese President Xi Jinping proposed a global AI organization at the APEC summit to set governance rules and promote collaboration.
- South Korea's President Lee Jae Myung highlighted the need for joint APEC efforts to address AI adoption and demographic changes.
- APEC members adopted declarations on AI and demographic change, with China hosting the 2026 summit in Shenzhen.
- Intel is reportedly in discussions to acquire AI chipmaker SambaNova to strengthen its AI hardware market position against Nvidia and AMD.
- Chinese AI models DeepSeek and Qwen AI are outperforming US models like ChatGPT and Gemini in a cryptocurrency trading challenge.
- Hudson River Trading is utilizing AI for trading and short-term price predictions.
- Certified Public Accountants (CPAs) are seen as potential AI auditors, assessing AI systems for businesses.
- Ohio schools are educating students on the risks of AI photo manipulation due to incidents of blackmail.
- The Children's Advertising Review Unit (CARU) released guidelines for the ethical use of generative AI with children.
- Experts suggest AI has moved beyond its hype phase, requiring businesses to reskill their workforce and adapt to AI integration.
China's Xi proposes global AI body at APEC summit
Chinese President Xi Jinping proposed creating a global organization to govern artificial intelligence at the APEC summit in San Francisco. This move aims to position China as a leader in shaping AI's future and potentially challenge the US influence in AI governance. The proposal calls for responsible and equitable development of AI technology. While some nations showed interest, others expressed concerns about China's intentions. This initiative highlights China's ambition to play a major role in the international AI landscape.
South Korea's Lee focuses on AI and demographics at APEC
South Korean President Lee Jae Myung hopes to address artificial intelligence and demographic changes with other Asia-Pacific nations at the APEC summit. He highlighted the need for joint efforts to manage the rapid adoption of AI and the challenges of aging populations. Lee proposed an APEC initiative to turn these major changes into opportunities. He stressed that demographic shifts pose a serious crisis impacting economic growth and society. Addressing these issues requires more than just individual responses.
APEC summit agrees on AI and demographic change declarations
The 2025 APEC summit in Gyeongju, South Korea, concluded with member countries adopting declarations on artificial intelligence and demographic change. Leaders also agreed on the importance of a resilient trade environment. China announced it will host the next APEC summit in Shenzhen in 2026. During the summit, China's President Xi Jinping proposed establishing a global organization for AI cooperation. The APEC region represents a significant portion of global trade and economic output.
Xi proposes global AI organization at APEC
Chinese President Xi Jinping proposed creating a World Artificial Intelligence Cooperation Organization at the APEC summit to set AI governance rules and boost collaboration. He aims to position China as an alternative to the US in trade cooperation and make AI a global public good. This initiative follows Beijing's earlier proposal this year, contrasting with US efforts to regulate AI in international forums. APEC members approved joint declarations on AI and aging populations. China will host the 2026 APEC summit in Shenzhen.
Hudson River Trading uses AI for trading and predictions
Hudson River Trading, a major US market maker, is increasingly using artificial intelligence for more efficient trading and short-term price predictions. Iain Dunning, head of AI research at the firm, discussed their approach in an 'Odd Lots' podcast. He explained how their AI differs from traditional algorithmic trading and cutting-edge research labs like ChatGPT. Dunning also touched on the constraints facing AI development, such as labor, power, and chips.
Ohio schools to educate on AI photo manipulation dangers
Ohio County Schools is partnering with the Wheeling Police Department to create an educational video about the risks of AI photo manipulation among students. This initiative follows discussions at a school district safety meeting prompted by incidents of students being blackmailed after sending explicit photos. Assistant Superintendent Rick Jones highlighted the growing problem of AI tools being used to create fake nude images of students and teachers. The video aims to raise awareness about the dangers and consequences of such actions, including legal ramifications.
CPAs could become AI auditors, experts suggest
Certified Public Accountants (CPAs) are well-positioned to become AI auditors, providing independent assessments of AI systems for businesses. Experts like Robert Seamans and Carrie Kostelec from the AICPA suggest CPAs' existing skills in assurance and adherence to professional standards can build trust in AI software. These AI audits would evaluate AI systems for reliability, security, and bias, similar to how CPAs audit financial records. This role could involve assessing AI at both development companies and businesses using the technology, potentially resembling SOC engagements.
Intel may acquire AI chipmaker SambaNova
Intel is reportedly in talks to acquire SambaNova, an AI chip company, to strengthen its position in the growing AI hardware market. This potential deal comes as Intel faces strong competition from Nvidia and AMD. SambaNova develops custom AI processors and systems for machine learning and inference. The acquisition could help Intel bolster its AI capabilities as it prepares to launch its next-generation data center chip in 2026. Intel aims to integrate advanced AI features across its products.
Chinese AI models lead in crypto trading challenge
Chinese artificial intelligence models DeepSeek and Qwen AI are outperforming US models like ChatGPT and Gemini in a real-money cryptocurrency trading challenge. The contest, organized by AI research lab Nof1, tests large language models' ability to predict and execute crypto trades. Early results show DeepSeek and Qwen AI achieving higher profitability and better risk-adjusted returns. The challenge uses simulated trading with real capital and tracks daily performance to compare AI trading strategies in complex financial markets.
CARU issues guidelines for AI use with children
The Children's Advertising Review Unit (CARU) has released a risk matrix to guide companies on using generative AI with children. The framework highlights eight key risk areas, including misleading advertising, influencer ethics, and data privacy. CARU advises companies to ensure AI doesn't deceive children, to review AI outputs from virtual influencers, and to obtain parental consent for data collection. It also emphasizes safe AI use, mental well-being, avoiding manipulation, preventing exposure to harmful content, and maintaining transparency.
AI can't solve government shutdown, experts say
Artificial intelligence is unlikely to resolve the ongoing government shutdown, according to CBS News Miami's Jim Berry. While human intelligence on Capitol Hill has not found a solution, AI is not seen as a viable alternative for bridging the political stalemate between Democrats and Republicans. The report suggests that AI cannot currently provide the necessary political negotiation or compromise to reopen the government.
AI platform Scout aids oncology treatment decisions
The AI-powered Scout platform, launched in May 2025, helps oncologists make better treatment decisions by providing expert insights and research data. Accessible on OncLive.com, CancerNetwork.com, and TargetedOncology.com, Scout analyzes clinical scenarios and offers evidence-based recommendations. Oncology leaders have reviewed Scout's responses, finding it valuable for complementing their practice. Key applications include guiding treatment for specific mutations like TP53 in Mantle Cell Lymphoma (MCL) and suggesting regimens like BOVen.
Experts: AI is past hype, businesses need new skills
Experts believe artificial intelligence has moved beyond its hype phase, requiring businesses to adapt and reskill their workforce. Anne Lim O'Brien, Hisham Radwan, and Vinay Firake discussed AI's impact on jobs, particularly in professional services. They stressed the need for companies to embrace AI, invest in upskilling, and focus on empowering employees. While AI can increase productivity, leaders must determine how to utilize the saved time effectively and ensure employees understand their evolving roles.
Sources
- China's Xi pushes for global AI body at APEC in counter to US
- South Korea's Lee hopes to tackle AI and demographic issues at APEC summit
- APEC summit adopts declarations on AI and demographic change
- China's Xi pushes for global AI body at APEC in counter to U.S.
- Odd Lots: How Hudson River Trading Actually Uses AI
- Ohio County School Officials Plan To Educate Public About AI Manipulation of Photos
- A New Frontier: CPAs as AI System Evaluators
- Intel eyes acquisition of AI firm SambaNova
- DeepSeek, Qwen AI Besting ChatGPT, Grok, Gemini In AI Crypto Trading Challenge
- CARU Releases a Risk Matrix for Using Generative AI with Kids
- Can AI reopen the government as Democrats and Republicans continue their stalemate?
- AI-Powered Scout Platform Could Enhance Oncology Decision-Making With Data- and Expert-Driven Insights
- 'AI is way beyond the hype phase': Experts warn businesses must reskill for the new reality
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