Bessent shrugs off ‘systemic’ AI risks at closed-door investor conference

Scott Bessent, the Treasury secretary, dismissed concerns regarding systemic AI risks during a closed-door investor conference. The remarks were made at a private charity event where tickets were priced at $7,500. This discussion took place alongside other financial topics, including Elon Musk's $3.6tn gamble and the efforts of China's battery makers to invest abroad. Bessent's perspective on AI was shared specifically with a group of financiers attending the high-cost gathering to discuss global economic trends.