US Proposes Curbs to AI, Tech Investments in China
Last week, the U.S. Department of Treasury issued a proposal that would limit and monitor United States investments in China for a range of tech investments. The proposal stems from an executive order issued by President Joseph Biden in 2023 that focused on access that some countries had to U.S. dollars to finance advanced technologies that could strengthen these countries’ intelligence, military, cyber capabilities and surveillance. The order primarily centered on Macau, Hong Kong and China. For a while now, the current administration has worked to impede the development of technologies that could enable China to dominate emerging sectors or…