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Scott Bessent

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Headlines · 3

  1. White House 'Super Intelligence Force' warns AI firms to disclose model safety incidents

    A new White House working group, the Super Intelligence Force, warned AI developers that they must immediately disclose and remediate safety incidents involving their models or face consequences; the statement followed an Anthropic disclosure of a safety incident. Chaired by Director of National Intelligence Jay Clayton and running for 120 days, the group will work with the Justice Department, the Federal Trade Commission and the Securities and Exchange Commission to check companies' recent AI commitments, assess risks and ensure the government has resources to respond to model failures. Treasury Secretary Scott Bessent and former White House AI chief David Sacks back using existing liability law rather than new regulation to hold developers accountable, and President Trump said the Justice Department should step in when models go out of control, though legal experts question whether current product-liability and cybersecurity law can establish who is responsible for harm caused by rogue AI agents.

    cnBeta · 🔥 0
  2. Analysis argues AI growth won't fix America's debt problem

    In an analysis for The Guardian, reported by The Next Web, Eduardo Porter argues that even an AI-boosted economy would not solve the US debt problem. He notes Treasury Secretary Scott Bessent is counting on AI to deliver 3% annual growth, while the Committee for a Responsible Federal Budget calculates that cutting the deficit to 3% of GDP by 2036 would require about 4.4% annual growth and balancing the budget about 7.2%; the Congressional Budget Office expects AI to add only about 0.1 percentage points a year. Porter also argues AI shifts income from workers to capital owners, which is taxed at roughly half the labour rate, and cites Bernstein and Cummings' estimate that the largest cloud firms need $13.1tn to $18.7tn in extra revenue over a decade to justify their spending, as US debt passes 100% of GDP.

    The Next Web · 🔥 0
  3. Bessent vs. the Fed: Is AI an inflation cure or a new source of it?

    US Treasury Secretary Bessent has urged the Federal Reserve to stay "open" to AI-driven productivity gains, while the article says the Fed raised the federal funds rate target range to 3.75%-4.00% in August 2026. In the commentary, author Dr. Xi Chunying argues AI's inflation effect is phased: near term, heavy capex on data centres, power, chips and talent pushes some prices up; only longer term can productivity gains lower costs. He stresses the key is not whether firms use AI but whether they lift total factor productivity and convert it into profit and cash flow.

    虎嗅 AI · 🔥 0

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