Scott Bessent, the U.S. Treasury secretary, says AI companies and hyperscalers have done a poor job explaining their benefits to the American public. He praises the sector’s technological advances but wants companies to better demonstrate their value for national security and everyday quality of life, while arguing that government shares this communication responsibility. He believes AI capital spending will be strongly disinflationary, with effects potentially visible within six months, and sees no systemic problem in the current AI boom or a repeat of the Pets.com era. He advocates industry self-regulation, a strong U.S. position in AI, and dialogue with China on safety and incident notification.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
