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Treasury Secretary Bessent Seeks To Calm AI Concerns, Acknowledges Need To 'Prepare For Every Occasion'.

Bessent urged AI companies to self-regulate as major developers warned frontier models could threaten security, and he backed a U.S.-China emergency communications channel.

  • On Friday, Treasury Secretary Scott Bessent confirmed that the U.S. and China will establish a bilateral AI-focused communications channel to ensure cooperation during major AI-related emergencies.
  • President Donald Trump has repeatedly dismissed AI risks as a "hoax," yet Bessent appears more receptive to industry warnings from leaders like Anthropic's Dario Amodei regarding "frontier" AI model safety.
  • Bessent criticized tech leaders for "alarmism without solutions," insisting companies must self-regulate. He also alleged that Chinese AI project Kimi is "stealing from the U.S. models," occasionally claiming to be Claude.
  • While advocating "safe acceleration," the Treasury Secretary warned that China's AI models are "80%, 90% as powerful" as U.S. versions, arguing the U.S. must maintain its lead for negotiating leverage.
  • In September, Bessent met with Chinese Vice Premier He Lifeng in New York to discuss rogue AI agent risks. Trump stated last week he does not want a formal AI safety deal.
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Lean Right

U.S. Treasury Secretary Scott Besant emphasized China's dominance in AI technology and called for the acceleration of safe development. He indicated that while prioritizing autonomous safety by companies, the government would intervene in cases of irresponsible development. Furthermore, he demonstrated a commitment to strengthening the technological safety net by proposing measures to establish a communication framework with China to prevent the…

(Washington = Yonhap News) Correspondent Lee Yu-mi = U.S. Treasury Secretary Scott Besant said on the 3rd (local time) that the United States must not cede the lead to China in the field of artificial intelligence (AI)...

·Seoul, Korea (the Republic of)
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Lean Right

The US will not give China access to its artificial intelligence technologies, says Finance Minister Scott Bessent. "It's probably not going to happen, but I think we can agree on what models shouldn't do," said Bessent in an interview with Axios. While he noted that good discussions are taking place with China on artificial intelligence, notes RIA News. The Minister has confirmed that Washington is seeking communication with Beijing on this iss…

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IBTimes broke the news in New York, United States on Saturday, October 3, 2026.
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