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Bessent: AI Industry Must Own Its Risks
Original: Bessent Says AI Industry Must Own Its Risks and Find Solutions
US Treasury Secretary Scott Bessent said the artificial intelligence industry must take responsibility for its own risks and develop its own solutions, rather than relying on government bailouts or intervention. The comments come as Washington weighs how to oversee the fast-growing sector and its expanding role in the economy and financial markets.
Why now: Policymakers are under pressure to define oversight of AI as the industry's growth raises financial and systemic risk concerns
Scott BessentUS Treasury DepartmentAI industry
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Evidence
- Bessent Says AI Industry Must Own Its Risks and Find Solutions · Bloomberg.com
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