Donald Trump and Xi Jinping are expected to discuss artificial intelligence (AI) risks and cooperation at their Thursday summit, but neither the United States nor China appears willing to slow development. The meeting is more likely to produce narrowly defined guardrails, such as an emergency hotline for AI incidents, than limits on research or deployment. China is using open-weight AI (models whose weights can be downloaded and adapted) to narrow its gap with the US and expand its technology overseas, while Alibaba Group Holding Ltd., Huawei Technologies Co., Z.AI Co., Xiaomi Corp., Moonshot and others accelerate model, chip and infrastructure projects. Washington remains concerned that Chinese companies use distillation (training models from larger systems' outputs) to replicate frontier AI more cheaply, potentially prompting tighter export controls. Both countries show more overlap on cybersecurity, biological weapons and misuse by non-state actors than on existential AI risks, but deep distrust limits cooperation.