US Tightens AI Investments in China Ahead of Election

The US is set to roll out new AI investment restrictions in China, driven by Biden's executive order to block tech from boosting China's military. Investors must notify the Treasury about stakes in sensitive sectors like AI, semiconductors, and quantum computing by November 5, 2024. With public comments closed on August 4, the final rules aim to curb China’s tech ambitions. Exemptions for national interest cases exist, signaling a tech tug-of-war intensifying before the election.