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The U.S. Treasury has issued a proposed rule under the Comprehensive Outbound Investment National Security Act to block American investments in artificial intelligence and semiconductor firms in certain foreign countries, with a focus on China-related deals. The proposal impacts venture capital and pharmaceutical firms, and public comments remain open until December 7. The rule aims to limit U.S. funding for foreign semiconductor and AI firms.
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Key sources
- SOURCEhuggingnewshuggingnews.com
- SOURCEtechmeme.com
- SOURCE@choblin29“Publicly traded securities and transactions under $50,000 are exempt.”x.com
- SUPPORT@chrisrmcguire“the proposed rule likely would prohibit most private investment in Chinese software firms, as well as Chinese firms that build products that incorporate AI (i.e., the entire Chinese robotics and drone industry”x.com
- SUPPORT@niubi“Likely lots of heartburn for some VCs and Pharma firms tonight.”x.com
- SUPPORT@rohanpaul_ai“The proposal would also ban investments in two new areas: hypersonic weapons and biotech, including brain-computer interfaces and automated lab software.”x.com
- SUPPORT@joedoc2112“The proposed rule “sends an important signal to markets that Washington is tracking where U.S. capital is flowing and what capabilities it is helping build,” said Craig Singleton, a senior fellow at the think tank Foundation for Defense of Democracies.”x.com
- SOURCEhuggingnewshuggingnews.com