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Scott Bessent urges AI industry responsibility and self-regulation
US Treasury Secretary Scott Bessent has criticized AI industry leaders who warn of existential risks without proposing concrete solutions, labeling such warnings as 'alarmism' that lacks leadership.
Bessent emphasized that the responsibility for managing AI risks lies with the developers and research labs. He suggested that if companies are genuinely concerned about losing control over their technology, they should voluntarily slow down their development pace. This stance aligns with the broader administration's preference for industry self-regulation rather than the implementation of new federal AI mandates.
In terms of international competition, Bessent stressed that the United States must not lose its technological advantage to China. He noted that while Chinese AI models may not be as powerful as American ones, they are estimated to be 80% to 90% as capable and often lack sufficient safety guardrails. To mitigate global risks, the US is pursuing a bilateral notification system with China to share information and warnings regarding significant AI-related incidents.
Entities
Anthropic · China · Donald Trump · OpenAI · Scott Bessent · United States Department of the Treasury · United States government
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Scott Bessent stated that if AI companies fear a loss of control, they should reduce the pace of development. www.tokenpost.kr · thenextweb.com
- [● 2 SOURCES] Bessent emphasized the necessity of maintaining the United States' competitive lead over China in AI development. thenextweb.com
- [● 2 SOURCES] Bessent noted that Chinese AI models are approximately 80% to 90% as powerful as US models but lack sufficient guardrails. thenextweb.com
- [● 3 SOURCES] The US is pursuing a bilateral notification system with China to share warnings regarding serious AI incidents. www.tokenpost.kr · thenextweb.com
- [● 2 SOURCES] The US administration favors industry self-regulation over new federal AI regulations. thenextweb.com
- [● 2 SOURCES] Bessent criticized AI industry leaders who warn of existential risks without providing specific solutions. thenextweb.com