Joe Biden finalises curbs on US investment in Chinese chip, AI tech

Quick Summary:

The regulations around AI investments, meanwhile, depend on both the computing power used to train the AI system in question, as well as its intended use.

The rules, which come after more than a year of deliberation, ban some investments into those industries and require the US government to be notified about others.

The final framework, which takes effect Jan.2, largely matches a proposal unveiled in June, with additional clarity on the technological parameters of the rule and the US government’s expectations around compliance.

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Category: BusinessFinance

Markets: IndiaChina

Topics: Artificial intelligence US-China US investments AI tech Joe Biden US president

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 07:49:04 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 392 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23315456

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