LINE

Text:AAAPrint
Economy

Reports: Washington looks to restrict foreign investments in tech

1
2017-08-17 16:09CGTN Editor: Liang Meichen ECNS App Download

According to Reuters, an unreleased Pentagon report indicates that the U.S. government was looking to strengthen the role of the Committee on Foreign Investment, or CFIU.S., on cutting-edge technologies like Artificial Intelligence, possibly targeting Chinese investment in U.S.-based companies.

AI is essentially algorithms that mimic the way neurons work in the human brain. Such technology has some in the U.S. government worried that the U.S. could lose its edge in a strategically important technology if it doesn't tighten controls over Chinese investment in U.S. AI companies.

Last year, the U.S. was China's top destination for foreign direct investment with more than 45 billion U.S. dollars. How much of that is AI-related is unclear, because companies aren't required to disclose that. In the near future, nearly all tech companies will incorporate some form of AI, so writing legislation that will cover what's militarily, or economically sensitive, is going to get a lot harder.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.