Bessent warns China could face sanctions over AI IP theft

Treasury Secretary Scott Bessent warned Tuesday the Trump administration could sanction China over intellectual property (IP) theft amid concerns about whether Beijing is relying on American AI to develop its own advanced models.

“We’ve seen a lot of talk about you know open-source models coming and threatening the large language models in the U.S.” Bessent told Fox Business’s Maria Bartiromo.

“What I will tell you is this administration supports open-source models, but what we do not support is IP theft,” he continued. “And if we see, especially that overseas models are stealing from our great companies, we have the ability to sanction them because of this theft.”

The release of Kimi K3, a new model from the Chinese startup Moonshot AI, last week........

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