The new rules aim to prevent the Chinese military from exploiting American investors’ information for its own purposes.
US rules banning some US AI investments in China are under final review. Reuters writes this, citing the government statement.
According to a US government statement, final rules governing investments in China in artificial intelligence, semiconductors, microelectronics and quantum computing are currently under review by the Office of Management and Budget.
The rules will reportedly require US investors to report certain investments in artificial intelligence and other sensitive technologies to the Treasury Department. These stem from a decree designed to prevent the Chinese military from using American investors’ information.
Important
As noted in the post, previously published rules prohibited investments in artificial intelligence for certain purposes and systems trained to use a certain amount of computing power. They requested reporting of transactions involving the development of artificial intelligence systems or semiconductors that are not otherwise prohibited. Exceptions include publicly traded securities, certain limited partnership investments, and certain syndicated debt financings.
Former Treasury official Laura Black told the agency that the final rules could further clarify the scope of AI and the threshold for its common restrictions.
To recap, Chinese researchers said they used D-Wave quantum computers to break 50-bit RSA encryption, leading some media outlets to claim they had cracked “military-grade encryption.”
China is also reportedly developing a cost-effective radar that can detect and track F-22 Raptor stealth fighter jets used by the United States and its allies.
Source: Focus
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