US and China AI-tech standoff shows signs of spreading to other countries

cointelegraph.com:

The emergence of high-level artificial intelligence (AI) technology has caused the United States and China to safeguard their resources in a race to develop the most powerful systems.

A tense relationship is developing between the two world powers, as the Biden Administration announced it would limit Chinese tech investments in semiconductors, quantum computing and AI.

This move subsequently sparked concerns from regulators in other countries, with lawmakers in the United Kingdom and the European Union considering their next move in response to the U.S. action.

On Aug. 9, The White House released two executive notes about AI developments in full or in part. The first outlined a new opportunity for hackers to compete for monetary compensation by using AI to help secure U.S. infrastructure from cybersecurity vulnerabilities.

However, the second defined China, Hong Kong and Macau as a “country of concern.” It stated the U.S. would regulate investments in such countries and sectors that “covered national security technologies and products.”

This included semiconductors, which are often used in the development of AI, microelectronics and quantum information technologies. It deemed these sectors “critical for the military, intelligence, surveillance, or cyber-enabled capabilities of a country of concern.”

The document read:

Currently, only the countries mentioned above were included in the note, though in a remark to Reuters, a Biden administration official said other countries could be added in the future.

The U.S. has already been cracking down on outward investments in Chinese technologies, along with Chinese access to services and products coming from the United States.

In October 2022, U.S. regulators placed bans on the export