Hassett Says Private Sector Can Handle AI Risks, Rejects Government Takeover

According to CNBC, National Economic Council Director Kevin Hassett said the private sector is capable of addressing the risks posed by rapidly advancing artificial intelligence and that the government should not expand its role. Speaking on "Squawk Box," Hassett said the issues are solvable and that the private sector is the right place to address them, while adding that the government is still watching closely and can use law enforcement when necessary to ensure firms act responsibly.