US Treasury Proposes High-Tech Investment Restrictions Targeting Countries of Concern Including China and Russia
- 1The US Treasury has proposed rules to crack down on high-tech investments in China, Russia, North Korea, and other countries of concern.
- 2The proposal includes investments in hypersonic systems traveling at Mach 5, supercomputing, biotechnology, and artificial intelligence exceeding $50,000.
- 3Chinese Foreign Ministry spokesperson Mao Ning said measures that excessively expand the concept of national security and discriminate against specific countries do not serve anyone's interests.
So what's the key point?
The US Treasury is looking to restrict investments in advanced technologies in countries like China and Russia. Investments in areas such as artificial intelligence or biotechnology that exceed $50,000 could be subject to these regulations.
Source Fortune · View original ↗
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