China's Vice Foreign Minister Ma Zhaoxu told a roundtable of representatives from over 30 countries, including Russia, South Africa, Qatar, South Korea and Germany, that China wanted the organisation to promote pragmatic cooperation in AI and was considering putting its headquarters in Shanghai.

Growth expected for Beijing’s AI industry despite US curbs, with some estimating a 55 per cent domestic market share for Chinese firms by 2027.

President Donald Trump this week unveiled his administration’s AI action plan, a set of policy proposals and government initiatives meant to secure America’s leadership in the development of the transformative technology.