Artificial intelligence developers are calling for greater oversight, warning the rapidly evolving technology could soon pose an existential risk.

US President Donald Trump claims tighening regulations risks giving China a competitive advantage.

It comes as Open AI threatens to curb investment in Australia, unless the federal government scales back its own AI laws.

Senior Reporter Josh Bryant chats with the Director of the AI Institute at the University of New South Wales, Dr Sue Keay, to ascertain what these developments mean.