1 year ago
The Senate showed overwhelming enactment that would necessitate U.S. companies to study immoderate outbound investments into Chinese technologies.
The United States Senate came unneurotic connected July, 25 to backmost bipartisan authorities which mandates U.S. companies to study immoderate investments successful Chinese technologies.
In an overwhelming ballot of 91 to 6, the Senate supported the amendment to the National Defense Authorization Act (NDAA), which is anticipated to beryllium implemented arsenic a instrumentality aboriginal successful the year.
The amendment volition necessitate U.S. companies to notify national agencies of outbound investments successful Chinese technologies including semiconductors - utilized to make artificial quality (AI)- and AI itself.
Democratic Senator Bob Casey and Republican Senator John Cornyn penned the amendment, which is simply a mentation of the Outbound Investment Transparency Act that targets risks of U.S. overseas investments successful countries similar China.
Casey commented connected his enactment of the amendment by saying:
"We request this benignant of outbound concern notification to recognize conscionable however much... captious exertion we are transferring to our adversaries via these superior flows."He concluded by saying with specified accusation the U.S. volition beryllium capable to presumption itself to “take control” of its economical future.
This mentation of the measure is expected to walk done the Senate by the extremity of the week, past beryllium reconciled with different measure passed successful the House of Representatives earlier successful the anterior to beryllium signed disconnected by President Joe Biden.
Related: Report: China to tighten rules astir releasing generative AI tools
These caller measures travel arsenic the U.S. and China proceed a tit for tat narration surrounding emerging technologies.
On June 28, officials successful the United States announced that they are considering restricting the magnitude of computing power successful semiconductor chips to lessen the travel of AI chips disposable successful the Chinese market.
A fewer days aft that announcement, connected July 3, the Chinese authorities announced its ain plans to enforce export controls on metals utilized to manufacture semiconductors.
The latest determination came again from the U.S., who connected July 5, is reportedly considering adding controls to the magnitude of access Chinese companies volition person to U.S.-based unreality computing services (CCS). This would see products from CCS giants specified arsenic Amazon Web Services (AWS) and Microsoft.
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