BLETCHLEY, ENGLAND – NOVEMBER 1: US Secretary of Commerce Gina Raimondo and Michelle Donelan, Secretary of State for Science, Innovation and Technology listen as Vice Minister of Science and Technology of China Wu Zhaohui speaks on Day 1 of the AI Safety Summit at Bletchley Park on November 1, 2023 in Bletchley, England. The UK Government are hosting the AI Safety Summit bringing together international governments, leading AI companies, civil society groups and experts in research to consider the risks of AI, especially at the frontier of development, and discuss how they can be mitigated through internationally coordinated action. (Photo by Leon Neal/Getty Images)
Leon Neal | Getty Images News | Getty Images
China’s vice minister of technology said Beijing will cooperate with international counterparts — including the U.S. — to find common ground on frameworks for safe and responsible artificial intelligence development.
Wu Zhaohui, China’s vice minister of science and technology, said the country was willing to “enhance dialogue and communication in AI safety with all sides.”
China will contribute to an “international mechanism [on AI], broadening participation, and a governance framework based on wide consensus delivering benefits to the people, and building a community with a shared future for mankind,” he said, according to an official event translation.
The remarks arrive at a time when Beijing is locked in a tense technology dispute with the U.S.
China has been pushing through its own rules governing generative AI, a distinct form of AI that is trained on vast quantities of data to create new, human-like written and visual content in response to human inputs. Governments in the U.K., European Union, and U.S. are developing their own regulatory regimes for the technology.
China and 27 other countries signed a major agreement on AI Wednesday, known as the “Bletchley Declaration,” which promotes a “shared understanding of the opportunities and risks posed by frontier AI and the need for governments to work together to meet the most significant challenges.”
As part of this, nations agreed to an “urgent need to understand and collectively manage potential risks through a new joint global effort,” the U.K. government said.
The U.S. and China have been at loggerheads over tech for some time. That battle intensified this year, with the U.S. Department of Commerce announcing new trade restrictions on sales of U.S. tech giant Nvidia’s advanced H800 and A800 chips to China.
That has placed significant pressure on China’s generative AI developers, many of which rely on Nvidia’s chips.
Michelle Donelan, the U.K. science, innovation and technology minister, told CNBC’s Arjun Kharpal that it is a “massive” gesture that Chinese government officials chose to attend the U.K. AI summit on Wednesday.
“We do … at least have to try to engage them in this conversation,” Donelan said. “I always compare it to climate change. If we all act individually and in isolation, and not in a coordinated and collective fashion, we won’t have the desired impact.”
She added: “AI is exactly the same. It doesn’t respect geographical boundaries.”
The U.K. is looking to foster international coordination between China and its other global partners. This has proven a thorny issue with Beijing, which the U.S. has accused of national security risks surrounding its critical technologies such as AI. China denies these allegations.
U.S. Secretary of Commerce Gina Raimondo said earlier in the day that the U.S. is showing “unbelievable leadership” in its bid to ensure AI is developed more safely, “securing voluntary commitments by U.S. AI companies who have committed to safe secure and trustworthy.”
“We want to expand information sharing research and collaboration and also policy alignment across the globe,” she added.
Raimondo also said the U.S. would look to launch an AI safety institute, hot on the heels of the U.K announcing its own intentions for a similar initiative last week.
Inside a secretive set of buildings in Santa Barbara, California, scientists at Alphabet are working on one of the company’s most ambitious bets yet. They’re attempting to develop the world’s most advanced quantum computers.
“In the future, quantum and AI, they could really complement each other back and forth,” said Julian Kelly, director of hardware at Google Quantum AI.
Google has been viewed by many as late to the generative AI boom, because OpenAI broke into the mainstream first with ChatGPT in late 2022.
Late last year, Google made clear that it wouldn’t be caught on the backfoot again. The company unveiled a breakthrough quantum computing chip called Willow, which it says can solve a benchmark problem unimaginably faster than what’s possible with a classical computer, and demonstrated that adding more quantum bits to the chip reduced errors exponentially.
“That’s a milestone for the field,” said John Preskill, director of the Caltech Institute for Quantum Information and Matter. “We’ve been wanting to see that for quite a while.”
Willow may now give Google a chance to take the lead in the next technological era. It also could be a way to turn research into a commercial opportunity, especially as AI hits a data wall. Leading AI models are running out of high-quality data to train on after already scraping much of the data on the internet.
“One of the potential applications that you can think of for a quantum computer is generating new and novel data,” said Kelly.
He uses the example of AlphaFold, an AI model developed by Google DeepMind that helps scientists study protein structures. Its creators won the 2024 Nobel Prize in Chemistry.
“[AlphaFold] trains on data that’s informed by quantum mechanics, but that’s actually not that common,” said Kelly. “So a thing that a quantum computer could do is generate data that AI could then be trained on in order to give it a little more information about how quantum mechanics works.”
Kelly has said that he believes Google is only about five years away from a breakout, practical application that can only be solved on a quantum computer. But for Google to win the next big platform shift, it would have to turn a breakthrough into a business.
An attendee wearing a Super Mario costume uses a Nintendo Switch 2 game console while playing a video game during the Nintendo Switch 2 Experience at the ExCeL London international exhibition and convention centre in London, Britain, April 11, 2025.
Isabel Infantes | Reuters
Nintendo on Friday announced that retail preorder for its Nintendo Switch 2 gaming system will begin on April 24 starting at $449.99.
Preorders for the hotly anticipated console were initially slated for April 9, but Nintendo delayed the date to assess the impact of the far-reaching, aggressive “reciprocal” tariffs that President Donald Trump announced earlier this month.
Most electronics companies, including Nintendo, manufacture their products in Asia. Nintendo’s Switch 1 consoles were made in China and Vietnam, Reuters reported in 2019. Trump has imposed a 145% tariff rate on China and a 10% rate on Vietnam. The latter is down from 46%, after he instituted a 90-day pause to allow for negotiations.
Nintendo said Friday that the Switch 2 will cost $449.99 in the U.S., which is the same price the company first announced on April 2.
“We apologize for the retail pre-order delay, and hope this reduces some of the uncertainty our consumers may be experiencing,” Nintendo said in a statement. “We thank our customers for their patience, and we share their excitement to experience Nintendo Switch 2 starting June 5, 2025.”
The Nintendo Switch 2 and “Mario Kart World“ bundle will cost $499.99, the digital version “Mario Kart World” will cost $79.99 and the digital version of “Donkey Kong Bananza” will cost $69.99, Nintendo said. All of those prices remain unchanged from the company’s initial announcement.
However, accessories for the Nintendo Switch 2 will “experience price adjustments,” the company said, and other future changes in costs are possible for “any Nintendo product.”
It will cost gamers $10 more to by the dock set, $1 more to buy the controller strap and $5 more to buy most other accessories, for instance.
An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn.
Victor J. Blue/Bloomberg via Getty Images
Etsy is trying to make it easier for shoppers to purchase products from local merchants and avoid the extra cost of imports as President Donald Trump’s sweeping tariffs raise concerns about soaring prices.
In a post to Etsy’s website on Thursday, CEO Josh Silverman said the company is “surfacing new ways for buyers to discover businesses in their countries” via shopping pages and by featuring local sellers on its website and app.
“While we continue to nurture and enable cross-border trade on Etsy, we understand that people are increasingly interested in shopping domestically,” Silverman said.
Etsy operates an online marketplace that connects buyers and sellers with mostly artisanal and handcrafted goods. The site, which had 5.6 million active sellers as of the end of December, competes with e-commerce juggernaut Amazon, as well as newer entrants that have ties to China like Temu, Shein and TikTok Shop.
By highlighting local sellers, Etsy could relieve some shoppers from having to pay higher prices induced by President Trump’s widespread tariffs on trade partners. Trump has imposed tariffs on most foreign countries, with China facing a rate of 145%, and other nations facing 10% rates after he instituted a 90-day pause to allow for negotiations. Trump also signed an executive order that will end the de minimis provision, a loophole for low-value shipments often used by online businesses, on May 2.
Temu and Shein have already announced they plan to raise prices late next week in response to the tariffs. Sellers on Amazon’s third-party marketplace, many of whom source their products from China, have said they’re considering raising prices.
Silverman said Etsy has provided guidance for its sellers to help them “run their businesses with as little disruption as possible” in the wake of tariffs and changes to the de minimis exemption.
Before Trump’s “Liberation Day” tariffs took effect, Silverman said on the company’s fourth-quarter earnings call in late February that he expects Etsy to benefit from the tariffs and de minimis restrictions because it “has much less dependence on products coming in from China.”
“We’re doing whatever work we can do to anticipate and prepare for come what may,” Silverman said at the time. “In general, though, I think Etsy will be more resilient than many of our competitors in these situations.”
Still, American shoppers may face higher prices on Etsy as U.S. businesses that source their products or components from China pass some of those costs on to consumers.
Etsy shares are down 17% this year, slightly more than the Nasdaq.