July 20, 2024

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The US wants to restrict AI investments in China

The US wants to restrict AI investments in China

American companies will have to register projects related to artificial intelligence and some other areas of technology with the authorities in the future. These can prohibit investment if necessary. The regulation is scheduled to enter into force at the end of the year.

In order to slow down China's technological and military progress, the United States wants to restrict some investments in the People's Republic of China. According to the plans presented on Friday and described as “targeted,” American companies will in the future have to register projects related to artificial intelligence (AI) and in some other technological fields with the authorities. These can prohibit investment if necessary.

“This proposed rule serves our national security,” said US Treasury Assistant Secretary for Investment Security Paul Rosen. It prevents the development of sensitive technology in countries that can then use it against the United States.

Interested parties can submit comments on the regulations until August 4 before they come into effect at the end of the year as planned. US President Joe Biden banned certain investments in China according to a decree issued about a year ago. (APA/Reuters)

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