US Treasury Chief: Open AI Models Key to Outpacing China

The United States must balance artificial intelligence (AI) innovation with safety as it competes with China, Treasury Secretary Scott Bessent said. Bessent expressed support for more open AI models. He argued that open models can speed up innovation and help the US maintain its technological lead. At the same time, he backed restrictions by other countries on advanced computer chips. These limits aim to prevent China from gaining access to top-tier technology that could threaten US advantages. The approach reflects a dual strategy: encourage openness in AI development at home while working with allies to control the export of critical hardware abroad.