US Treasury moves to curb AI, chip and biotech deals in China and Russia
The US Treasury published draft rules expanding its Outbound Investment Security Program, widening limits on American investment in chips, AI, quantum, supercomputing and hypersonics in China, Russia, North Korea, Iran, Cuba and Venezuela. Biotechnology was added, and "AI systems" was replaced with "super intelligence systems". Comments are due by December 7.
- Ban covers chips, AI, quantum, supercomputing and hypersonic systems
- Cuba, Iran, North Korea, Russia and Venezuela added to the list
- Treasury added biotech and renamed AI systems as super intelligence
- Draft publishes October 26, comments due December 7
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