Official announcements from the U.S. government or verified news reports

Biden Administration Finalizes Rules to Ban AI Investments in China, Adds to Investment Blacklist

Oct 29, 2024, 01:52 PM

The Biden administration is finalizing rules to ban certain investments in AI and other critical technology sectors in China. This move is part of a broader effort to restrict China's access to advanced technologies, including AI chips, semiconductors, and quantum computing. The new regulations aim to curb investments that could enhance China's technological capabilities and pose a threat to U.S. national security. These restrictions, which place Chinese chips, quantum, and AI on an investment blacklist, mark a significant shift from previous policies that encouraged free market capitalism and open investment.