US Treasury moves to curb AI, chip and biotech deals in China and Russia
The US Treasury Department published new regulations strengthening the existing Outbound Investment Security Program, targeting investments in critical technologies including AI chips and biotechnology directed toward geopolitical adversaries. Treasury Secretary Scott Bessent framed the measures as essential to prevent hostile nations from leveraging US capital for technologies that could threaten national security.
Key points
- Treasury expands restrictions on outbound US investment
- Targets AI, semiconductor and biotech sectors
- Restricts funding flows to China and Russia
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. The Next Web did the reporting; read the original for the full story.
Read the full story at The Next Web
