The new rules limiting U.S. investments in AI in China are effective Jan. 2 and will be overseen by Treasury's newly created Office of Global Transactions.
The rules, which were proposed in June by the U.S. Treasury, were directed by an executive order signed by President Joe Biden in August 2023 covering three key sectors: semiconductors and microelectronics, quantum information technologies and certain
Treasury said the “narrow set of technologies is core to the next generation of military, cybersecurity, surveillance, and intelligence applications.”The rule covers technologies like “cutting-edge code-breaking computer systems or next-generation fighter jets,” added Paul Rosen, a senior Treasury official.He added that “U.S.
Commerce Secretary Gina Raimondo said earlier this year the rules were crucial to prevent China’s developing military-related technologies.
Artificial Intelligence China U.S. U.S. News World
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China Jan-Sept gold consumption slides 11% as high prices deter buying appetiteThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Vietnam condemns China for assault on its fishermen in the disputed South China SeaVietnam condemned China on Thursday while saying that Chinese law enforcement personnel assaulted 10 Vietnamese fishermen, damaged their fishing gear and seized about four tons of fish catch near the disputed Paracel Islands in the South China Sea.
Read more »
China seeks deeper economic ties with ASEAN at summit talks as South China Sea disputes lurkVIENTIANE, Laos (AP) — Chinese Premier Li Qiang called for deeper market integration with Southeast Asia on Thursday during annual summit talks where...
Read more »
China seeks deeper economic ties with ASEAN at summit talks as South China Sea disputes lurkVIENTIANE, Laos (AP) — Chinese Premier Li Qiang called for deeper market integration with Southeast Asia on Thursday during annual summit talks where...
Read more »
China's premier talks trade in Vietnam despite differences over South China SeaBANGKOK (AP) — China agreed Sunday to assist Vietnam on cross-border railway development and take steps to expand agricultural imports from its smaller...
Read more »
China's Premier Li talks trade in Vietnam despite differences over South China SeaBANGKOK (AP) — China agreed Sunday to assist Vietnam on cross-border railway development and take steps to expand agricultural imports from its smaller...
Read more »