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Sanctions possible if China stole US AI tech
WASHINGTON: Treasury Secretary Scott Bessent said Tuesday the Trump administration will investigate whether Chinese artificial intelligence models were built using technology stolen from American companies, warning that sanctions could follow if evidence of intellectual property theft is found. The comments come as Chinese open-weight models gain ground against leading U.S. offerings from OpenAI and…
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U.S. stocks mixed, treasury yields rise as Fed chair search begins and inflation ticks up
Dow Jones slumps over 300 points as financials weigh; Nasdaq hits record U.S. Treasury yields climbed and the Dow Jones Industrial Average fell on Tuesday after Treasury Secretary Scott Bessent initiated the formal selection process for a new Federal Reserve chair, while June inflation data met expectations but fueled tariff concerns. The Dow slid…
