US companies will have to register with the authorities in future projects related to artificial intelligence and some other technology areas. They can ban investment if necessary. The regulation is expected to come into effect by the end of this year.
The United States wants to limit certain investments in the People's Republic in order to slow China's technological and military development. Under the plans presented on Friday and described as “targeted”, US companies will have to register future projects related to artificial intelligence (AI) and some other technology areas with authorities. They can ban investment if necessary.
“This proposed rule serves our national security,” said U.S. Treasury Assistant Secretary for Investment Protection Paul Rosen. It prevents sensitive technology from being developed in states that could use it against the United States.
Interested parties can submit comments on the regulations until August 4 before they take effect as planned at the end of the year. US President Joe Biden banned certain investments in China by executive order a year ago. (APA/Reuters)
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