The US and China have agreed to establish a joint AI dialogue forum and discuss an "AI safety notification system" for incidents linked to national security, signaling rare cooperation on governance. However, the two powers remain in direct competition: Trump announced an "AI Force" and AI Czar position to accelerate US AI dominance, while China rejected calls for development restraint, emphasizing "open, inclusive, and constructive" AI practices. For Thai SMEs in tech and adjacent sectors, this reflects intensifying geopolitical competition over AI that will reshape supply chains, standards, and market access globally.