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AI Developers Must Take Responsibility, No ‘Liability Shield’ From Government: Bessent
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CNBC TV18•21-09-2026, 19:22
AI Developers Must Take Responsibility, No ‘Liability Shield’ From Government: Bessent
- •US Treasury Secretary Scott Bessent stated that AI developers, not the government, are responsible for their systems, rejecting a “liability shield.”
- •Bessent emphasized that “It is humans who are responsible, not the AI,” aligning with President Trump’s opposition to a regulatory crackdown.
- •His comments place accountability for AI consequences on developers and deployers, not the technology itself.
- •Bessent also discussed rising Treasury yields, his meeting with Chinese Vice Premier He Lifeng, and the Federal Reserve's interest rate hike.
- •The 10-year Treasury yield surpassed 5% for the first time since 2007, impacting borrowing costs like mortgage rates.
Key Questions Answered
US Treasury Secretary Scott Bessent stated that the Trump administration will not provide a liability shield for artificial intelligence leaders, emphasizing that developers must take responsibility for the systems they build.
The benchmark 10-year Treasury yield rose by about 100 basis points since the US and Israel began their war against Iran in late February, moving above 5% for the first time since 2007.
The Federal Open Market Committee raised its benchmark interest rate target to 3.75%-4% on September 16, marking the first increase since 2023, and cited elevated inflation as the primary reason.
