Limiting investment by American Companies in the chinese tech sector because of Serious National Security risks. It would require us firms to disclose investments in sensitive areas such as Artificial Intelligence and ban some investment altogether. Beijing has reacted angrily saying it is gravely concerned about the order. A spokesperson for the Chinese Embassy in washington says the curbs seriously undermine the interests of chinese and American Companies and investors. Republicans have said they do not go far enough. This is a new front in the tech war between two global superpowers, the restrictions prevent American Private equity and Venture Capital firms from investing in high tech sectors investing in high tech sectors in china, such as quantum computing, Artificial Intelligence and advanced semiconductors. The goal is to stop us capital in know how speeding up the development of technologies that could help china develop weapons for use against america in a military conflict. I
escalating the tech war news. escalating the tech war president biden limits us investment in china s chip making an quantum computer sectors. beijing says it is gravely concerned but republicans argue it is not enough. disney miners, the giant loses 10 million subscribers as it struggles in india. the chief executive says his shakeup of the company is on track. the tide turns for sri lanka. can it ride a wave of tourism back from the worst economic crisis in its independent history? i m tadgh enright. top business stories. we start in the us with the president has signed an executive order
limiting investment by american companies in the chinese tech sector because of serious national security risks. it would require us firms to disclose investments in sensitive areas such as artificial intelligence and ban some investment altogether. beijing has reacted angrily saying it is gravely concerned about the order. a spokesperson for the chinese embassy in washington says the curbs seriously undermine the interests of chinese and american companies and investors. republicans have said they do not go far enough. this is a new front in the tech war between two global superpowers, the restrictions prevent american private equity and venture capital firms from investing in high tech sectors investing in high tech sectors in china, such as quantum computing, artificial intelligence and advanced semiconductors. the goal is to stop us capital in know how speeding up the development of technologies that could help china develop weapons for use