TechJensen Huang calls AI distillation ‘competition’; Scott Bessent calls it ‘theft’
Nvidia CEO Jensen Huang said AI model distillation should be viewed as “competition,” while U.S. Treasury Secretary Scott Bessent has described it as “theft.”

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Nvidia CEO Jensen Huang said AI model distillation should be viewed as “competition,” while U.S. Treasury Secretary Scott Bessent has described it as “theft.”

Treasury Secretary Scott Bessent said Federal Reserve policymakers should remain open-minded about interest rates, arguing that productivity gains from artificial intelligence and deregulation will help keep US inflation under control.
Treasury Secretary Scott Bessent discusses the condition of Iran’s economy and the strength and resilience of the U.S. economy.

Treasury Secretary Scott Bessent said his latest meeting with Japanese Finance Minister Satsuki Katayama included a discussion about the “desirability” of a strong yen.
Treasury Secretary Scott Bessent said the US and China agreed to prolong their trade-war truce by two months while continuing efforts toward a potentially broader accommodation between the world’s two largest economies.
Scott Bessent said the U.S.-China trade truce will be extended to Jan. 10, beyond its planned November expiration. He said the extension reflects the need for Beijing to complete additional deliverables as Xi Jinping begins a state visit.

Scott Bessent, the U.S. Treasury secretary, said Wednesday that the United States and China had reached an accord to maintain the “Busan agreement” until January.
Treasury Secretary Scott Bessent said the United States and China agreed to extend their trade truce through Jan. 10. The arrangement had been scheduled to expire in November.

Treasury Secretary Scott Bessent discusses US-China relations as Chinese President Xi Jinping arrives in Washington, along with artificial intelligence and Iran.

Oil prices rose Tuesday as concerns grew over escalating Iran-U.S. tensions. Treasury Secretary Scott Bessent told CNBC that all Iranian airlines would be shut down starting Wednesday.

Treasury Secretary Scott Bessent told CNBC that all Iranian airlines would be “shut down” starting Wednesday. He said Washington was pressuring Iran “like never before.”

Scott Bessent pushed back against a bearish view of the U.S. economy, pointing to strong growth, foreign demand for American assets and the dollar’s continued dominance.

Bloomberg News Now rounds up today’s top stories, including Bessent’s description of talks as “very successful,” a meeting between Trump and Mamdani, and other global business news. The report is updated throughout the day.
The United States is proposing a new notification system with China for artificial intelligence incidents that could pose a threat to national security, Bessent says.
The United States is proposing a new notification system with China to report artificial intelligence incidents that could pose a threat to national security.

Treasury Secretary Scott Bessent said the U.S.-China trade talks were “very successful,” with agreements to operationalize initiatives and establish a bilateral dialogue on artificial intelligence.

Treasury Secretary Scott Bessent said Sunday that the United States has proposed a new mechanism for notifying China about AI safety issues. President Donald Trump and Chinese leader Xi Jinping are expected to consider it at their summit in Washington this week.

US Treasury Secretary Scott Bessent called discussions with Chinese counterparts on artificial intelligence, trade and investment “very successful.” China described the talks as positive ahead of this week’s summit between Donald Trump and Xi Jinping.
The program examines the Bank of Japan’s rate increase at its fastest pace since 1990, along with debate over policy normalization and the wider economic discussion involving Bessent.

The Bank of Japan is poised for a pivotal rate hike following pressure from Bessent.