It also advises that a list of critical technologies be compiled and restrictions should be placed on Chinese investment in those areas of development.
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The report recommends that new legislation be drafted to update the rules governing foreign investment. Reuters was able to view an unreleased Pentagon report that outlines the ways in which Chinese investors have found loopholes in CFIUS that allow them to avoid setting off any regulatory triggers. government is now looking to strengthen the role of the Committee on Foreign Investment in the United States CFIUS, the inter agency committee that reviews foreign acquisitions of U. The worry is that cutting edge technologies developed in the United States could be used by China to bolster its military capabilities and perhaps even push it ahead in strategic industries. From the report Of particular concern is Chinas interest in fields such as artificial intelligence and machine learning, which have increasingly attracted Chinese capital in recent years. But thats exactly what the Pentagon is proposing according to Reuters. And with all the political talk about JOBS, JOBS, JOBS, its a bit surprising to see the government floating plans to limit investment in American companies. Technology is the fastest growing industry in the American economy according to recent data. If you had any doubt that Russian hackers attempted to meddle with the United States electoralRead more Read.
Torrent Snowflake Pro Software' title='Torrent Snowflake Pro Software' /> One unexpected consideration on the table is placing stricter limitations on investment capital from China flowing into American companies that are working on artificial intelligence. The US Department of Defense is struggling to get its arms around all of the new security issues that have come with our current technological explosion. US Considers Chinese Investment in Artificial Intelligence a National Security Threat.
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