Reported 11 months ago
The United States is moving closer to imposing restrictions on investments in China's artificial intelligence and technology sectors. The U.S. Treasury Department has released draft rules that would ban or require notification of certain investments that could pose a threat to U.S. national security. The regulations, initiated by an executive order from President Joe Biden, aim to prevent U.S. technology from aiding China in advancing its technological capabilities. The proposed rules focus on outbound investments in specific sectors and include various exceptions to ensure select transactions are not prohibited or restricted.
Source: YAHOO