China will spearhead the creation of an international organization to jointly develop AI, the country’s premier told the World Artificial Intelligence Conference in Shanghai on Saturday.

China on Saturday released a global action plan for artificial intelligence that called for international cooperation on tech development and regulation.

China's Premier Li Qiang warned Saturday that artificial intelligence development must be weighed against the security risks, saying global consensus was urgently needed even as the tech race between Beijing and Washington shows no sign of abating.

Tech firms huge and small will converge in Shanghai this weekend to showcase their artificial intelligence innovations and support China's booming AI sector as it faces U.S. sanctions.

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China is working to merge man and machine through brain-computer interface technology, as part of the country's ongoing efforts to compete in the AI race.

Proposal comes days after US declares AI policy framework and Trump says tech race with China will define the 21st century.