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The U.S. government is planning an outbound investment screening mechanism that would potentially review overseas investments in sensitive technologies, including Chinese AI firms.
While the Biden administration has refrained from releasing a formal China strategy, recent speeches on U.S.-China relations by Treasury Secretary Janet Yellen and National Security.
The executive order’s ultimate impact will depend on whether the White House can galvanize similar action in Congress, at the local level, and among like-minded governments abroad.