US proposes targeted restrictions for AI, tech investment in China

The United States on Friday issued what it described as targeted draft rules to ban or require notification of U.S. investments in artificial intelligence and other key technology sectors in China that could threaten U.S. national security.

The U.S. Treasury Department published the proposed rules and a raft of exceptions after an initial comment period following an executive order signed by President Joe Biden last August. The rules put the onus on U.S. individuals and companies to determine which transactions will be restricted or banned.