Treasury Secretary Bessent Warns Chinese AI Firms of Sanctions Over Intellectual Property Theft Amid Open-Source AI Debate
Scott Bessent emphasizes that open-source AI does not permit exploitation of American IP, signaling potential sanctions for Chinese companies engaging in large-scale IP theft
U.S. Treasury Secretary Scott Bessent cautioned Chinese artificial intelligence companies against using industrial-scale distillation attacks that infringe on American intellectual property, warning of possible sanctions and Entity List designations. While supporting open-source AI innovation, Bessent clarified that i…