New Rules Will Ban U.S. Investment in Chinese AI | Business Matters (October 22)

Don Ma
By Don Ma
October 22, 2024Business Matters
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New rules are coming soon to ban some U.S. investments into Chinese artificial intelligence development. The federal government says the rules are under final review.

The rules stem from an executive order signed by President Joe Biden in August 2023 that aims to keep American investors from aiding the Chinese communist regime’s military. Related investments that are not specifically prohibited will still require government notification.