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US proposes restrictions for investments in Chinese tech, AI

US proposes restrictions for investments in Chinese tech, AI
Draft rule would bar US investment in AI systems in China that could be used for weapons targeting, other military uses.

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The United States Department of the Treasury has proposed a rule that would restrict and monitor US investments in China for artificial intelligence, computer chips, and quantum computing. This rule is in response to President Joe Biden's executive order in August, which identified China, Hong Kong, and Macau as countries of concern. The proposed rule would prohibit American investors from funding AI systems in China that could be used for weapons targeting, combat, and location tracking. The Biden administration has sought to stymie the development of technologies by China that could give it a military edge or enable it to dominate emerging sectors such as electric vehicles. The proposed rule is open for public comment until August 4, after which a final rule is expected to be issued. Tensions between the US and China have increased in recent years, with incidents based on national security concerns regularly occurring.

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