Treasury proposes curbs on high-tech investments in China, Russia, North Korea

The Treasury Department on Thursday proposed a rule to curb American high-tech investments, including AI, outbound to U.S. adversaries like China, Russia, North Korea and other “countries of concern.” The rule expands restrictions in the Outbound Investment Security Program (OISP) on hypersonic systems and quantum information technologies, high-performance computing and supercomputing, as well as AI.…