Business · 2 hours ago
US seeks to block American money for Chinese and Russian AI and supercomputing firms
MeanieHyaena via Wikimedia Commons (CC BY 4.0)
The Treasury's draft rule would also cover hypersonic weapons systems and biotechnology, applying to deals worth over $50,000. Stock purchases and many other financial investments would be left out of the restrictions. Ryan Majerus, formerly a US trade official, described the Treasury's intention to solicit public feedback before publishing a definitive regulation as merely the initial stage of a protracted undertaking.
Reported by Independent · How we write briefs