Is Scott Bessent Actually Right?

In this clip from The Drift, tastytrade founder Tom Sosnoff reacts to comments made by U.S. Treasury Secretary Scott Bessent and gives him rare credit. At the G20 finance ministers' meeting in Asheville, North Carolina this week, Bessent said AI companies have done a "horrendous job" explaining themselves to the American people, adding that the conversation around AI and data centers needs "a big reset." He argued the industry not just the government has a responsibility to explain how the AI buildout benefits ordinary Americans, not just corporations. Sosnoff agrees. He told Adam Mesh on The Drift that the AI narrative has been dangerously narrow, focused almost entirely on the companies building the infrastructure the data centers, the labs, the hyperscalers while doing almost nothing to address the concerns of everyday consumers. Sosnoff's argument: the government and industry both need to do a much better job reassuring people that AI will create jobs, not eliminate them. That it won't raise energy prices. And that the benefits flow broadly through the economy not just to a handful of powerful companies. Without that message, he says, the narrative becomes politically and economically dangerous. Watch the full episode of The Drift on Benzinga's YouTube channel. #TheDrift #TomSosnoff #ScottBessent 🌐 Find more market-moving insights at https://www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 🖥️ Want the same tools the pros use—without the $10K Bloomberg terminal? Benzinga Edge gives you real-time portfolio alerts, weekly stock picks, and pro-grade research in one command center. 👉 https://bit.ly/4unSKiB ------------------------------------------------------------------------------------ 📲 Follow us on socials @benzinga 🔔 Subscribe To The Channel: https://www.youtube.com/@Benzinga ------------------------------------------------------------------------------------ ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes.