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Biden warns about risks of foreign investment in quantum computing and AI

U.S. President Joe Biden issued an executive order to the committee that reviews foreign investment for national security risks to closely monitor transactions related to biotechnology, quantum computers, and artificial intelligence, which could impact the country’s leading position in the industry and pose risks to national security.

The order covers a wide range of foreign investments in technology, including microelectronics, artificial intelligence, biotechnology and biomanufacturing, quantum computing, advanced clean energy, and climate adaptation technologies.

“It is important to ensure that the foreign investment review process remains responsive to an evolving national security landscape and the nature of the investments that pose related risks to national security,” the order explains.

The concerns also relate to the risks presented by foreign adversaries’ access to data of American citizens. According to the order, what may seem like a financial transaction “may actually present an unacceptable risk to United States national security due to the legal environment, intentions, or capabilities of the foreign person, including foreign governments, involved in the transaction.”

The order thus aims to provide rules for regulating such transactions, reminding that it’s important to assess the effect of foreign investment on the domestic capacity to meet national security requirements.

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