Two things happened in Washington last week that cannot both be right. On July 21, Treasury Secretary Scott Bessent said Chinese artificial-intelligence firms could face sanctions and a spot on the Commerce Department's Entity List if they steal American intellectual property. Open source, he wrote, is not open season on American IP. A day later, roughly 200 startups organized by the Little Tech Association, with Y Combinator among them, asked the White House to do the opposite: leave Chinese open-weight models alone, because a ban would gut the small firms that build on them.
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