US Treasury Secretary Scott Bessent emphasized the need for the US to develop more open-source AI models to compete with Chinese firms, which often use a process called distillation to build advanced AI from US closed-source models. He warned that relying on large AI labs without open models could hinder innovation and suggested that fostering open-source AI would reduce dependence on Chinese models. This comes amid ongoing discussions on AI regulation, with US tech companies advocating for open models to accelerate innovation and improve cybersecurity. The Trump administration's voluntary AI framework currently exempts open-source models from pre-release security reviews, focusing instead on proprietary closed models.
US Treasury Secretary Scott Bessent's call for more open-source AI models comes as 50 of 150 priced Technology-sector US stocks on Pluang rose while 99 fell. Notable movers include Five9 Inc with a 5.67% gain to USD 33.55, TeraWulf Inc down 5.95% to USD 14.55, and Hut 8 Corp down 5.08% to USD 86.50. This market snapshot is as of Sep 16, 2026 02:41 WIB.
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