U.S. to Prohibit Chinese AI Investment

The United States of America has made a powerful yet dangerous move against China, by potentially banning the investments of AI technology with China and Chinese companies. This move by the Biden Administration was to hopefully protect the people from inadvertently aiding the Chinese military by investing in Chinese companies. 

According to Treasury official Laura Black, they will try to pass this bill signed by Joe Biden before the election hits. It is a seemingly final move from Joe Biden before the power of the presidency is exchanged from him to the eventual winner of the Presidential election taking place this November.

 The investment in Chinese AI equipment is seen as dangerous in the eyes of the American government, because it may give the Chinese a technological advantage over the United States. The United States likes to be able to maintain that power stance over nations to have leverage in the god-forbidden event when things go awry between nations.

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There were a few exceptions to the rule being put in place against Chinese AI Companies, such as trading “index funds or mutual funds, certain limited partnership investments, and certain syndicated debt financings.” The regulation of trading with Chinese semiconductors and microelectronics was put in place to supposedly protect America and its people from investing in companies with unsure intentions.

A Department spokesperson for the U.S. Treasury Department has declined to comment on the matter, leaving officials confused as to what may be behind this move from the Biden Administration.