Treasury Secretary says its 'unacceptable' that Chinese open source AI models may have been built on 'IP theft'

U.S. Treasury Secretary Scott Bessent stated the Trump administration is investigating whether Chinese open-source AI models, such as those from Moonshot AI, Minimax, and DeepSeek, were built using stolen intellectual property. The administration may impose sanctions on companies found to be engaging in IP theft, according to Bessent.