TNB Tech Minute: Bessent Responds to AI Safety Concerns
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What is the focus of today’s TNB Tech Minute episode?
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How is the U.S. Treasury addressing AI safety and liability for AI labs?
Investing in securities involves a risk of loss.
Mm-hmm. Here's your afternoon, TNB Tech Minute, for Tuesday, September fifteenth. I'm Julie Chang for the Wall Street Journal. House Financial Services Committee members questioned Treasury Secretary Scott Bessent today regarding AI risks. Besson stated the Treasury Department has focused on AI safety since the limited release of anthropic cloth's methos models and argued against giving AI labs liability exemptions.
The best way to guarantee safety is that the creators are liable for what they build and generate.
Why did crypto exchange CoinX shut down and what was its link to Iran?
Addressing AI labs going public, Bessent noted that liabilities must be clearly detailed in S1 filings and prospectuses, though added that quantifying those risks may be difficult. On global competition, he advocated for expanding US open source models. Crypto exchange CoinX said it's shutting down, citing a prolonged market downturn and rising compliance costs. The closure comes less than three months after a journal article highlighted its popular use among Iranian users, including those linked to the Islamic Republic. According to blockchain intelligence firm TRM Labs, Iran-linked wallets processed over $3.8 billion through CoinX since 2019. CoinX pledged to block Iranian users following the report.
CoinX's founders said the decision to shut down was years in the making and not directly caused by curtailing Iranian operations.
What safety concerns are regulators raising about Tesla’s steering‑wheel‑free Cybercab?
Finally, federal regulators are probing whether Tesla's steering wheel-free cyber cab conflicts with federal safety standards. In an order published today, the National Highway Traffic Safety Administration asked Tesla to confirm if the cyber cab can be driven by a human using temporarily attached manual controls. The EV makers' two-seater robotaxis lack pedals, mirrors, and a steering wheel. And currently operates paid rides in Austin, Texas. Tesla has said it plans to eventually sell the cyber cab to the public. Although Tesla claims the design meets all safety rules, selling a vehicle without traditional controls is unprecedented and may conflict with federal regulations. Tesla didn't respond to a request for comment.
How might the Cybercab’s design impact future public sales and federal regulations?
A spokesman for the agency declined to comment. And that's your TNB Tech Minutes. Check back in the morning for another quick tech update.
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Chapters
5 chapters
1
What is the focus of today’s TNB Tech Minute episode?
0:00–0:27
2
How is the U.S. Treasury addressing AI safety and liability for AI labs?
0:27–1:04
3
Why did crypto exchange CoinX shut down and what was its link to Iran?
1:04–2:00
4
What safety concerns are regulators raising about Tesla’s steering‑wheel‑free Cybercab?
2:00–2:44
5
How might the Cybercab’s design impact future public sales and federal regulations?
2:44–3:16
Speakers
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