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America One News
America One News
2 Nov 2024

#foreignaffairs

Fox News: US finalizes rule to block investments in China-based tech firms to protect AI, military development
US finalizes rule to block investments in China-based tech firms to protect AI, military development
The Biden administration has finalized a rule to prevent American investments in advanced technologies, including AI, being developed in China, effective January 2. This action is aimed at safeguarding U.S. national security by restricting access to critical tech for military and intelligence purposes.

While the move seeks to hinder China's military advancements, it may also limit opportunities for U.S. tech companies. China has condemned these restrictions, asserting its opposition to U.S. investment limitations.