Biden Administration Finalizes Restrictions on U.S. AI and Tech Investments in China, Effective January 2

Oct 28, 2024, 09:42 PM

The Biden administration has finalized restrictions on investments by U.S. individuals and companies into advanced technology sectors in China, including semiconductors, quantum computing, and artificial intelligence (AI). The new rules, effective January 2, aim to curb national security threats posed by these technologies. The Treasury Department announced that the prohibitions will block certain U.S. investments in Chinese tech industries, particularly those with potential military applications. This move is part of a broader strategy to safeguard sensitive technologies from foreign adversaries. Companies such as $NVDA are affected by these new regulations.