US Treasury moves to curb AI, chip and biotech deals in China and Russia

Washington now regulates where your money can go to build the thing it says threatens you. Fair enough, but it took the thing a while to get threatening.

“The proposed regulations would strengthen the existing Outbound Investment Security Program to prevent our adversaries from using U.S. investment to develop critical technologies that threaten U.S. national security,” Treasury Secretary Scott Bessent said. The US Treasury published the proposal on Thursday. The outbound investment rule would widen limits on American money for chips, AI and […] This story continues at The Next Web

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