President Joe Biden has signed an executive order imposing new restrictions on American investment in certain Chinese tech firms. The order aims to address national security concerns associated with companies involved in “sensitive technologies“ such as semiconductors, quantum computing, and artificial intelligence.
The executive order states, “Advancements in these sectors will accelerate the development of advanced computational capabilities, which could pose significant national security risks. This includes the development of more sophisticated weapons systems, breaking cryptographic codes, and other applications that could provide military advantages to these countries.”
The White House has described the order as ”narrowly targeted,” with the intention of preventing funding for entities engaged in specific activities related to these technology areas that pose the most acute national security risks. As…
2023-08-09 18:07:28
Original from www.engadget.com rnrn