Reports: Washington looks to restrict foreign investments in tech

Updated 2017-08-17 16:31:57 CGTN

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.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58February 25 2018 13:51:00

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16February 25 2018 13:51:00

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18February 25 2018 13:51:00

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords