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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.

Summary by IBTimes
Scott Bessent addressed rising calls for AI regulation and criticized AI "alarmism", but conceded that "safe" development and greater U.S.-China cooperation was desirable.

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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…

US Treasury Secretary Scott Bessent believes that warnings from prominent AI executives about the risks of AI are too alarmist and completely unhelpful. According to him, the AI industry must primarily take responsibility for the security of the technology itself.

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