Treasury Secretary Scott Bessent told CNBC the Trump administration will not give AI hyperscalers a "liability shield," saying "we cannot say, 'Oh, we absolve you of responsibility, and the government…
U.S. Treasury Secretary Scott Bessent told the bipartisan House Financial Services Committee on Tuesday that the federal government should reject AI leaders' calls for liability exemptions, saying "th…
The U.S. Treasury Department on Wednesday threatened sanctions on Chinese AI startup Moonshot AI after the White House accused it of distilling Anthropic's Fable model to build its 2.8-trillion-parame…
U.S. Treasury Secretary Scott Bessent said the Trump administration will investigate whether Chinese AI models were distilled from American models, threatening sanctions for what he called IP theft. B…
U.S. Treasury Secretary Scott Bessent threatened sanctions against Chinese AI model makers if they are found to have stolen intellectual property from American frontier labs, citing concerns over mode…