Treasury cites Biden AI order to define scope of rule banning U.S. tech investments to China

The Treasury Department is referring to President Biden’s executive order on safe and secure artificial intelligence as providing the definitions for determining the entities and transactions to be covered by a proposed ban on certain U.S. technology investments to China that pose national security risks, under a draft rule issued last week.

“The AI Order provides definitions for the terms ‘artificial intelligence’ and ‘AI systems’ which this proposed rule incorporates in the definition of AI system,” says Treasury’s June...