The US is in the final stages of reviewing a proposed ban on some Chinese investment in artificial intelligence (AI) , Reuters reported Tuesday, this means that these restrictions will come soon.
According to reports, the proposed rules would ban AI trading involving specific computing-capacity training systems and require U.S. investors to notify the treasury when investing in certain AI and other sensitive technologies. Publicly traded securities such as index funds or mutual funds, certain limited partnership investments and certain joint debt financing are the proposed exceptions. The 2023 follows an executive order signed by President Biden in August that limits high-tech investment in China and explicitly bans some types of investment that could help the country develop advanced military technology. The final rules for foreign investment in areas such as artificial intelligence, semiconductors and microelectronics, as well as quantum computing, are being reviewed by the office of Management and Budget in the United States, it said, the rules are likely to be issued in the coming week.
“It seems to me that they are going to issue these rules before the election,” Laura Blake, a lawyer with the washington-based firm of Akin & Gamble and a former US Treasury official, told Reuters, the final rules are expected to further clarify the scope of AI coverage and the threshold for limited partners. She said the office of the Treasury, which sets the rules, usually provides a window of at least 30 days before they take effect.
On the 21st local time, the United States Department of Commerce’s Bureau of Industry and Security blacklisted 26 entities, including six Chinese companies, for “Supporting Iranian development weapon of mass destruction and supporting the modernization of the Chinese military.”. According to the United States Department of Commerce, the entities are mainly based in Pakistan, China and the United Arab Emirates. Thea Kendler, the United States Department of Commerce’s Assistant Minister for export control, said that “Iranian weapon of mass destruction programs, drone programs, and Pakistani ballistic missile programs pose a significant threat to U.S. national security, and U.S. technology will not help.”, companies can not obtain U. S. goods and technology without a special license, and applications are often denied.
China’s foreign ministry has repeatedly urged the US to“Stop generalising the concept of national security, stop discriminating against specific Chinese companies, and stop politicizing and weaponizing economic and trade issues”.
In an interview with the global times, Li Haidong, a professor at the Institute of International Relations at the Foreign Affairs University, said that the United States has made frequent moves towards China in areas such as AI and Science and technology, aimed at shutting down or sabotaging China’s fast-growing space in related high-tech fields, this defies the United States’ stated basic position of stable relations, and even more defies the American public’s desire for the political elite to focus on the domestic sphere, not a willingness to create external strife. He said he hoped the US could return to the track of looking at and handling relations with China in a pragmatic, healthy, rational and constructive manner and move in the same direction as China.