US Treasury proposes rule to crack down on high-tech investments in China, other adversaries

Associated Press: The rule announced Thursday would expand the restrictions to cover investments in hypersonic systems (capable of traveling at five times the speed of sound), supercomputing, biotechnology and artificial intelligence, though Treasury used Trump’s favored term for AI, “superintelligence” or SI.

The proposed rule “sends an important signal to markets that Washington is tracking where U.S. capital is flowing and what capabilities it is helping build,” said Craig Singleton, a senior fellow at the think tank Foundation for Defense of Democracies…

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