Treasury Secretary Scott Bessent joins CNBC ‘Squawk Box’ this morning to discuss his 12-hour meeting with Chinese Vice Premier He Lifeng. Within the interview Bessent details the ‘U.S.-China AI Dialogue’, the calls for a slowdown in AI development and whether regulation is needed.
Secretary Bessent notes President Trump is not going to deliver liability immunity to AI frontier labs and existing legal frameworks within the U.S. will remain as protective pathways as development moves from AI labs into engineering outcomes.
This is the core of the issue. The investors that poured money into the AI labs, now support immunity from legal liability that doesn’t exist in any other sector other than Big Pharma. AI wants the same protection as Big Pharma, and President Trump is not going to allow the shift in responsibility from AI developers to government. WATCH:
Also below is the full debriefing from Secretary Bessent and USTR Jamieson Greer that followed the Sunday meeting between the U.S. and Chinese counterparts.
As CTH has noted, the pace of these critical economic developments is going to speed up over the next several days and weeks. It becomes increasingly important to stay tuned-in to the granular issues as they unfold in order to fully appreciate the landscape that surrounds us. It can be challenging to absorb information as the pace increases, yet it is critical to remain aware so that each building block in the nationalist policy making remains in context.
AI wants the same immunity big pharma has… to kill people without liability.
So do the Democrats/Communists.
This time is different. Democrat/Communists won’t kill millions of us? See the carnage on our streets from illegals and criminals that are repeatedly let loose on us.
Yes they will, Terry, which is why I wrote essentially they’d be tickled pink to have a legal shield to do it.
All of what we see driving America to become yet-another-nation-state are implementations of the globalist agenda. The two most critical objectives of that agenda are Depopulation and the Taking of Property. Accomplishing both require indemnification and immunity. Their regulations and legislation assure that taxpayers bear the burden of both.
Privatize profits , socialize losses.
Why? Who in DC has been held accountable for anything? They all have immunity for anything they do.
I lived long enough to say, ” Let the Tort Law Sort it Out”. No more Safe and Effective. You may bad products or dangerous products and you suffer the consequences. FAFO In fact if you knowingly allow a defective AI product that kills people….you should be criminally liable.
Yes, full civil and criminal liability should never be waived.
Hence the evil genius of controlling the insurance sector regulations in parallel. It is far easier now for the insurance behemoths to settle than to fight and then just spread the costs across individual ratepayers in all sectors, not the comapany or industry at fault.
Anyone else’s insurance premiums skyrocketing besides me?
They introduced the Chinese Vice Premier to Bessent:
‘He Lifeng’…
So Scott also left 🙂
touche’
12 hours? Holy shit.
Secretary Bessent…
Immaculate in dress and the execution of his responsibilities and observations.
Nothing gets by him.
(This is going to sound absurd. Nevertheless…First thing I noticed about him, as always before he ever begins speaking, is that that there is no space between his perfectly knotted tie and the collar of his crisp, white shirt. A man who pays attention to such a tiny detail as that will be eagle eyed with everything else. Formidable. One of President Trump’s finest appointments.)
This is all about keeping open weights models out or the frontier labs won’t be able to justify their sky High valuations.
There is another sector free from liability in order to push their NWO agenda – the Government Sector and its NGOs
thankfully, the conservative treehouse is here to explain it thank you, Sundance.
Fortunately, the large tech firms working on these AI models have lots of money. So if they program some super AI virus that “escapes” and causes a lot of financial mischief, they can drain their wealth funds to compensate everyone.
Good! AI Grand Poohbahs want government protection from competition. We don’t need a Covid-like government response to AI.
The government helped Big Pharma during Covid and we see how that turned out. At least those of us who lived through it did.
The only reason to issue blanket immunity to give shade for nefarious and malicious behavior
Thank you for this post Sundance. I like the practical approach of these two gentlemen. So different from the hair on fire rhetoric we are hearing from the podcast world.
President Trump is going to create an AI force/task force. He states this is going to be very much like the same model as Space Force which has been a huge success. He is such a forward thinker and has kept us in the forefront of technology with national security in mind.
I will wait and see what happens as a result of these talks. I do believe that President Trump has got this.
Big pharma shouldn’t have that exemption. If you sell snake oil to the people, then you deserve to go to prison like any other crook.
So, he sat down with a CCP drone and listened to him lie for 12 hours?
Chinese….Communist….Party
Yeah, trust them.
Wow do people see the world differently than I do, maybe it’s because I understand what’s going on behind the scenes.
Please stop this nonsense with A.I. and who’s going to kill who. Where do we come up with this stuff?
On Wednesday last week in a trading room, at 7:25 am NYC time, I trade with some professionals every morning in case you were wondering, and they were discussing the Fed raising rates before it came out and how it was going to collapse the markets. Here was my verbatim reply,
“Everybody thinks the markets are going to collapse because of the Fed possibly raising rates but where else are investors going to park their money. This is going to confuse lots of people. So, I’m counting on new highs because the big boys are stepping away from government debt. It doesn’t help when the Treasury becomes the buyer of our debt.”
Look at the markets today and we are just getting started.
I took a screenshot but I don’t know how to covert it to post it on here, that is where I’m ignorant! 😂😂