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    Home » China Criticises US AI Investment Restrictions

    China Criticises US AI Investment Restrictions

    Aditya LenkaBy Aditya LenkaJuly 2, 2024 AI and Robotics No Comments2 Mins Read
    China Criticises US

    Chinese Envoy Calls U.S. AI Investment Curbs Harmful

    The U.S. targeting of investments in artificial intelligence (AI) in China is unhelpful for the “healthy development” of AI technology and divisive for global governance, said China’s U.N. envoy on Monday, July 1.

    U.S. Draft Rules on AI Investments

    Last month, the United States issued draft rules aimed at banning or requiring notification of certain investments in AI and other technology sectors in China. The goal is to prevent threats to U.S. national security.

    China’s Response to U.S. Sanctions

    “We are firmly opposed to these sanctions,” stated China’s U.N. Ambassador Fu Cong. His remarks followed the U.N. General Assembly’s adoption of a Chinese-drafted resolution, which promotes international cooperation on AI capacity-building.

    The resolution urges the international community to create a fair, open, inclusive, and non-discriminatory business environment throughout the lifecycle of safe, secure, and trustworthy AI systems. Fu emphasised that the U.S. actions undermine this inclusive business environment and called on Washington to reverse its decision.

    Impact on Global AI Standards

    Fu argued that the U.S. stance does not support the healthy development of AI technology. He warned that it could divide the world regarding AI standards and governance rules.

    The U.S. Treasury Department issued the proposed rules after President Joe Biden signed an executive order last August. This action is part of a broader initiative to prevent U.S. expertise from aiding China in developing advanced technology and dominating global markets.

    Author

    • Aditya Lenka
      Aditya Lenka

      A multi-faceted professional with a diverse range of skills and experiences. He currently works as a Producer, Digital Marketer, and Journalist for several well-known media outlets, namely StratNewsGlobal, BharatShakti, and Interstellar. With a passion for storytelling and a keen eye for detail, Aditya has covered a wide range of topics and events across India, bringing a unique perspective to his work.When he's not busy producing content, Aditya enjoys exploring new places and cuisines, having traveled extensively throughout India. He's also an avid writer and poet, often penning his thoughts and musings in his free time. And when he wants to unwind and relax, Aditya spends time with his two loyal companions, Zorro and Pablo, his beloved dogs.Aditya's dynamic personality and varied interests make him a unique individual, always eager to learn and experience new things.

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    Aditya Lenka
    Aditya Lenka

      A multi-faceted professional with a diverse range of skills and experiences. He currently works as a Producer, Digital Marketer, and Journalist for several well-known media outlets, namely StratNewsGlobal, BharatShakti, and Interstellar. With a passion for storytelling and a keen eye for detail, Aditya has covered a wide range of topics and events across India, bringing a unique perspective to his work.When he's not busy producing content, Aditya enjoys exploring new places and cuisines, having traveled extensively throughout India. He's also an avid writer and poet, often penning his thoughts and musings in his free time. And when he wants to unwind and relax, Aditya spends time with his two loyal companions, Zorro and Pablo, his beloved dogs.Aditya's dynamic personality and varied interests make him a unique individual, always eager to learn and experience new things.

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