Chinese premier Li Qiang has proposed establishing an organisation to foster global cooperation on artificial intelligence, calling on countries to coordinate on the development and security of the fast-evolving technology, days after the US unveiled plans to deregulate the industry. Speaking at the annual World Artificial Intelligence Conference (WAIC) in Shanghai, Li called AI a new engine for growth, adding that governance is fragmented and emphasising the need for more coordination between countries to form a globally recognised framework for AI. Li warned Saturday that artificial intelligence development must be weighed against the security risks, saying global consensus was urgently needed. His remarks came just days after US president Donald Trump unveiled an aggressive low-regulation strategy aimed at cementing US dominance in the fast-moving field. One executive order targeted what the White House described as "woke" artificial intelligence models.