EventPolicyJuly 21, 2026
Bessent threatens sanctions on Chinese AI models over IP theft
Treasury Secretary Scott Bessent said the US will examine open-source Chinese AI models for IP theft, threatening sanctions. The move targets models like Moonshot AI's Kimi K3, which challenge US firms OpenAI and Anthropic. Bessent said the administration supports open-source but not IP theft.
4 sources
Bessent says U.S. could sanction China over AI model 'theft'cnbc.com
Bessent Says US Will Scrutinize Chinese AI Models for IP Theftbloomberg.com
US threatens sanctions against Chinese AI models over IP thefttechcrunch.com
Sources: parts of the Trump administration are reigniting efforts to implement de facto bans on foreign open-source models, as Chinese AI models gain momentumaxios.com