Biden set to join British and Australian prime ministers to unveil new advanced tech-sharing security partnership to counter China

President Joe Biden delivers remarks on his plan to stop the spread of the Delta variant and boost COVID-19 vaccinations, in the State Dining Room of the White House complex on Thursday, Sept. 9, 2021 in Washington, DC.

Kent Nishimura / Los Angeles Times via Getty Images

• Biden is set to announce a new security partnership - dubbed "AUUKUS" - with the UK and Australia.
• The new working group will allow the countries to collaborate on AI, cyber, and nuclear infrastructure.
• Officials told POLITICO that the agreement that the subtext of the agreement is countering China.
• See more stories on Insider's business page.

President Joe Biden is set to announce a new security partnership with the UK and Australia in a speech at the White House at 5pm ET, where he will be joined virtually by Prime Minister Boris Johnson of the United Kingdom and Prime Minister Scott Morrison of Australia.

The new working group - reportedly dubbed AUUKUS, incorporating each country's initials - will allow the 3 Anglophone countries to share advanced technologies including artificial intelligence, cyber, underwater systems and long-range strike capabilities, according to POLITICO.

According to a White House official and a congressional staffer familiar with the matter, countering China is an important subtext of the new security partnership.

Watch Biden's announcement at 5pm ET here:

This is a developing story. Please check back for further updates.

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