Reported about 1 year ago
The Treasury Department has detailed a proposed rule to limit U.S. investments in China for artificial intelligence, computer chips, and quantum computing, in line with President Joe Biden's executive order aiming to control the access that 'countries of concern' have to American funds supporting advanced technologies that could bolster their military capabilities. The rule seeks to prevent American investors from financing AI systems in China for military purposes, with comments accepted until August 4, 2024, and a final rule expected thereafter, amidst escalating tensions between the U.S. and China over security concerns and technological advancements.
Source: YAHOO