{"id":5101,"date":"2026-09-22T17:06:06","date_gmt":"2026-09-22T17:06:06","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=5101"},"modified":"2026-09-22T17:06:06","modified_gmt":"2026-09-22T17:06:06","slug":"scott-bessent-government-will-not-be-liability-shield-for-ai-labs-amid-safety-standoff","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=5101","title":{"rendered":"Scott Bessent: Government will not be &#8216;liability shield&#8217; for AI labs amid safety standoff"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2026\/09\/GettyImages-2294928644-e1790090192828.jpg?w=2048\" \/><\/p>\n<p>In the great debate over AI safety guardrails, Scott Bessent said the government will not become a \u201cliability shield\u201d for hyperscalers.<\/p>\n<div>\n<p class=\"wp-block-paragraph\">The Treasury Secretary\u2019s comments come after an eruption of concern over the threat the transformative technology poses. The latest surge in alarm comes after former Anthropic and OpenAI researcher Jacob Coxon claimed tech giants are \u201cgambling with our lives.\u201d Meanwhile, Evan Hubinger, a top safety researcher at Anthropic, warned there was a \u201clow\u201d but maximum 10% chance AI could wipe out humanity within the next decade.<\/p>\n<p class=\"wp-block-paragraph\">The warnings sparked a debate over the extent to which AI companies can be trusted to self-regulate, and how closely involved governments need to be in implementing guardrails.<\/p>\n<p class=\"wp-block-paragraph\">Bessent has been firm the creators of the technology will be held responsible for its impact in the first instance, telling <em>CNBC<\/em> in an interview: \u201cImagine these labs came out or \u2026 a sitting employee came out and said: \u2018There\u2019s a 10% chance of an extinction-level event.\u2019 But then the labs also said, \u2018Take the liability off of our hands.\u2019 And we will not do that.\u201d<\/p>\n<p class=\"wp-block-paragraph\">Bessent said it is humans, not AI, that are responsible for the risks posed by the technology, saying the \u201cHugging Face incident\u201d (when OpenAI agents undergoing a test hacked out of the system and into Hugging Face\u2019s database in order to pass) was the \u201cresponsibility of the OpenAI management.\u201d<\/p>\n<p class=\"wp-block-paragraph\">Bessent clarified the administration\u2019s position is that \u201cwe cannot say, \u2018Oh, we absolve you of responsibility, and the government\u2019s going to take responsibility.\u2019 These labs need to take responsibility for themselves. They can slow down any time they want to.\u201d<\/p>\n<p class=\"wp-block-paragraph\">President Donald Trump had previously struck a different tone on regulation, claiming simultaneously in a Truth Social post the U.S. already had \u201ctremendous\u201d regulatory and criminal power over AI companies, but \u201cthe only control or \u2018 guardrails\u2019 that AI needs is a STRONG AND SMART (High IQ!) PRESIDENT, and the U.S.A. has that, in spades!\u201d<\/p>\n<p class=\"wp-block-paragraph\">The president\u2019s post last week on the social media platform he owns also criticized Anthropic cofounder Dario Amodei, whom Trump blasted \u201cis now pretending to be a \u2018perfect little angel.&#8217;\u201d Amodei penned a letter just days before the president\u2019s outburst, calling on labs to slow the pace of progress.<\/p>\n<p class=\"wp-block-paragraph\">The essay, titled <em>We Must Pace the Frontier<\/em> also suggested U.S. government support would be needed to globally coordinate and legally bind safety standards.<\/p>\n<p class=\"wp-block-paragraph\">The argument was echoed by OpenAI CEO Sam Altman in an exclusive interview with <em>Fortune<\/em> published last week. In a new episode of\u00a0<em>Fortune 500: Titans and Disruptors of Industry<\/em>,\u00a0with <em>Fortune<\/em>\u2019s Editor-in-Chief Alyson Shontell, Altman said: \u201cIt can simultaneously be true that, if the world and the companies building this technology did not do things differently than they\u2019ve done in the past, there might be significant risk.<\/p>\n<p class=\"wp-block-paragraph\">\u201cBut it would be insane not to adjust the way we all work, make decisions, and have governments understand and put guardrails around this technology in light of that.\u201d<\/p>\n<p class=\"wp-block-paragraph\">Bessent suggested removing the onus on private companies was a mistake, continuing: \u201cWhat did they try to do last week? It was, \u2018Well, there\u2019s a \u2026 10% chance we could destroy the world, but we want the government to give us a liability shield. And that\u2019s good business for them, bad business for the American people.\u201d<\/p>\n<h2 class=\"wp-block-heading\">The self-regulation debate<\/h2>\n<p class=\"wp-block-paragraph\">An obvious pushback to the argument that AI labs should regulate themselves is the transformative technology, by its very nature, will produce only a handful of successful industry leaders.<\/p>\n<p class=\"wp-block-paragraph\">Trump himself has acknowledged this (\u201cWHOEVER WINS AI, WINS!\u201d) and has also impressed the importance of the U.S. continuing to lead economic rivals like China in terms of dominance. <\/p>\n<p class=\"wp-block-paragraph\">However, the two forces of competition and self-regulation are not traditional bedfellows. As Sen. Bernie Sanders (I-Vt.), pointed out last week: \u201cWhen the future of humanity is at stake, we need binding international safety rules, not voluntary standards from the industry.\u201d<\/p>\n<\/div>\n<p>#Scott #Bessent #Government #liability #shield #labs #safety #standoff<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the great debate over AI sa&hellip; <\/p>\n","protected":false},"author":1,"featured_media":5102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[707,1717,998,811,6437,3599,214,496,706,3129,4717,8169,1304],"class_list":["post-5101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-bessent","tag-dario-amodei","tag-government","tag-labs","tag-liability","tag-regulation","tag-safety","tag-sam-altman","tag-scott","tag-scott-bessent","tag-shield","tag-standoff","tag-tech-regulation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Scott Bessent: Government will not be &#039;liability shield&#039; 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