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US Urges Vigilance By Tech Startups, VC Firms on Foreign Funds
The US is warning homegrown tech startups and venture capital firms that some foreign investments may be fronts for hostile nations seeking data and technology for their governments or to undermine American businesses. From a report: Several US intelligence agencies are spotlighting the concern in a...
The US is warning homegrown tech startups and venture capital firms that some foreign investments may be fronts for hostile nations seeking data and technology for their governments or to undermine American businesses. Washington has ramped up scrutiny of investments related to countries it considers adversaries, most notably China, as advanced technologies with breakthrough commercial potential, such as artificial intelligence, can also be used to enhance military or espionage capabilities. [...] Small tech companies and venture capitalists "are not in a position to assess the national security implications of their investments," said Mark Montgomery, former executive director of the Cyberspace Solarium Commission, which was assigned to develop a US cybersecurity strategy.
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