Trump admin won't give AI leaders a 'liability shield,' Bessent tells CNBC
Bessent spoke with CNBC's "Squawk Box" about AI safety concerns and this week's summit between Chinese President Xi Jinping and President Donald Trump.
TL;DR
- Treasury Secretary Scott Bessent stated AI developers must take responsibility and not expect a liability shield from the federal government.
- Bessent met with Chinese Vice Premier He Lifeng for 12 hours, discussing AI, establishing communication channels for AI incidents, and the approaching expiration of the U.S.-China trade truce.
- The Treasury Secretary predicted interest rates would fall once the conflict in Iran ends, leading to increased oil market supply.
- Bessent defended President Trump's decision to ban MS NOW, CNN, and Politico from the White House, citing perceived bias in legacy media.
- The article also touches on the Federal Reserve's interest rate hike and the rising yield on 10-year Treasury notes, influenced by the Iran war.