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US finalizing rules to ban certain investments in AI tech in China
President Joe Biden's administration says it's finalizing rules to curb investments in AI and other tech sectors in China.
President Joe Biden’s administration says it’s finalizing rules to curb investments in AI and other tech sectors in China, Reuters reports. Beginning January 2, investors will be banned from funneling capital and “intangible benefits,” like managerial assistance and access to investment and talent networks, to help China and other “countries of concern” develop military, intelligence, and cybersecurity capabilities. Overseen by Treasury’s newly created Office of Global Transactions, the new rules contain a carve-out allowing U.S. investment in publicly traded securities.
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