China, the United States, the European Union, and over 25 other countries agreed to collaborate in managing the risks associated with artificial intelligence (AI) at a British summit. Concerns about the unchecked development of AI, which could pose a global threat, led to the formation of a "Bletchley Declaration." This declaration outlines a two-fold agenda: identifying shared risks and enhancing scientific understanding while implementing international policies to mitigate them. China's Vice Minister of Science and Technology, Wu Zhaohui, expressed willingness to work together on AI safety and establish a global "governance framework." Tech leaders and governments aim to strike a balance between AI innovation and regulation.