U.S. Secretary of the Treasury Scott Bessent, who is speculated to be a frontrunner for the newly-created position of AI Czar within the Trump administration, addressed concerns relating to the technology in a wide-ranging interview.
"We cannot lose our lead [in AI innovation] to the Chinese," Bessent told Axios on Friday, as doing so would mean losing leverage in bilateral U.S.-Chinese negotiations. However, the high-ranking government official conceded that "we have to be prepared for every occasion."
