Treasury proposes rule limiting U.S. high-tech investment in China, Russia, North Korea
The Treasury Department proposed a rule on Thursday to restrict American investment in advanced technologies, including AI and supercomputing, in China, Russia, North Korea and other "countries of concern."
The U.S. Treasury Department on Thursday proposed a rule to restrict American investment in advanced technology in China, Russia, North Korea and other "countries of concern." The targeted areas include artificial intelligence and supercomputing.
The Hill reports the rule expands restrictions under the Outbound Investment Security Program. It says the program already covers hypersonic systems and quantum information technologies, and the proposal adds high-performance computing, supercomputing and AI.
The rule is a proposal. The reports do not say when it could take effect.
Reported by
- The HillTreasury proposes curbs on high-tech investments in China, Russia, North KoreaThu, Oct 22, 10:37 PM EDT
- PBS NewsHourTreasury proposes rule to curb high-tech investments in China and other adversariesFri, Oct 23, 7:19 PM EDT
- The HillChina urges US Treasury to stop proposed restrictions on tech investmentsSat, Oct 24, 3:40 PM EDT
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