Joe Allen was on War Room with Steve Bannon to discuss the Overwatch Act, which was introduced by Rep Brian Mast, Chairman of the House Foreign Affairs Committee. The act provides Congressional oversight, and helps prevent hostile regimes from acquiring AI-enabled weapons.
Bannon warned against the CCP and said they are an enemy of the US. He clearly stated that there should be no help in any form when it comes to AI to an adversary of that caliber.
“The Chinese Communist Party is a sworn enemy of the United States,” Bannon said.
“Anything that helps the Chinese Communist Party build an ecosystem with chips, with training, with students, with money, with equity and debt. Anything that helps them with AI at all is bad, and must be stopped,” Bannon warned.
Bannon made a comparison to the Cold War explaining that the US did not help the Soviets during the late 50s into the early 60s.
“We did not help the Soviets during the height of the Cold War in the late 50s and early 60s. Spies gave them the atomic bomb, and spies gave them the hydrogen bomb,” Bannon said.
“We were not in the business of having American industry be in business with them and partners with them, and American capital, venture capital, private equity, anything, to help them finance it,” Bannon explained.
Allen explained what the Overwatch Act would involve, citing the main ideas of what it intends to do.
“Steve, the controversy surrounds the Overwatch Act. The Overwatch Act is put forward by House Foreign Affairs Committee Chairman Brian Mast of Florida,” Allen said.
“The bill itself basically requires the Commerce Secretary, so that would presently be Howard Lutnick, to produce a national security strategy on chip exports. That would include the AI capabilities of adversaries that would include the indigenous chip production capacity of foreign adversaries,” Allen explained.
“Any US company that wants to export to an adversary would have to submit an application to the Commerce Secretary or the Commerce Department, which would then go to Congress, and Congress would then review the application,” Allen said.
“If it was determined that the chip exports would give an advantage to a foreign adversary, they specifically name China, North Korea, Venezuela, so on and so forth, then Congress would have the power to veto the export, to block the export,” Allen continued.
“The opposition is largely based on the fear that Nvidia won’t be able to expand their market even further into China,” Allen said.
Watch:
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