Bessent urges AI sector to address risks proactively

US Treasury Secretary Scott Bessent criticized prominent AI figures for their warnings about existential risks, calling the concerns alarmist and unhelpful. Bessent urged the industry to take responsibility for its risks and develop solutions rather than relying on external oversight. His comments come amid growing debates over the ethical and societal implications of rapid AI advancement. Bessent emphasized the need for self-regulation within the industry, suggesting that self-policing and innovation are key to managing potential threats. The remarks reflect a broader tension between caution and progress in the AI field, as stakeholders grapple with balancing innovation with risk mitigation.