US levels AI sanctions threat as China models gain

US Treasury Secretary Scott Bessent signalled potential action against open source artificial intelligence (AI) models amid accusations that Chinese developers are creating low-cost systems using stolen US intellectual property. “This administration supports open source models, but what we do not support is IP theft,” Bessent said on Fox Business on Tuesday. “If we see, especially, that overseas models are stealing from our great companies, we have the ability to sanction them.” Watermarks…