In recent days, the Biden administration’s reliance on export controls to curb China’s AI advancements has come under increasing scrutiny, particularly following the release of China’s DeepSeek R1 chatbot. This development raises concerns that prior U.S. restrictions have failed to slow China’s progress while potentially undermining U.S. global competitiveness in AI hardware and computing ecosystems.
U.S. AI Export Controls and Strategic Shifts Under the Trump Administration
In recent days, the Biden administration’s reliance on export controls to curb China’s AI advancements has come under increasing scrutiny, particularly following the release of China’s DeepSeek R1 chatbot. This development raises concerns that prior U.S. restrictions have failed to slow China’s progress while potentially undermining U.S. global competitiveness in AI hardware and computing ecosystems.
Biden Budget Proposal Advances AI Priorities
On March 11, 2024, US President Joe Biden released his Fiscal Year (FY) 2025 budget request, which included proposals on U.S. Artificial Intelligence (AI) development and efforts to implement the Biden Administration’s Executive Order (EO) on AI. The budget identifies the National Science Foundation (NSF) as central to U.S. leadership in AI, requesting $10.2 billion
AI Set To Fly as Australian Government Readies Regulatory Framework To Support Transformative Technology
At present, there is no specific Australian legislation regulating artificial intelligence (AI) technologies. That is in contrast to some other jurisdictions, which have legislation in place, or significantly advanced draft laws, specifically regulating the technology.
The Australian Commonwealth government’s interim “safe and responsible AI consultation” response (released January 2024) summarises the government’s response to public
Unveiling the New EU Foreign Investment Regime
To address growing geopolitical tensions and technological shifts, the European Commission presented, on 24 January 2024, five new initiatives for strengthening the EU’s economic security. Part of the package is a proposal for a new regulation on the screening of foreign investments, whose aim is to update Regulation 2019/452 (FDI Regulation), which is currently in
The EU Has a (Provisional) Political Agreement to Regulate AI – What You Should Know and What You Should Do
On December 8, 2023, after some intense rollercoaster rides, the European Union (EU) institutions reached a political agreement on the EU Artificial Intelligence Act (EU AI Act). The compromises reached after sleepless nights still need to find their way into a final text (and this one might only be available after the holiday season), but
U.S. Outbound Investment Restrictions and Notification Requirements Mandated by Executive Order: Currently Limited to Certain Investments in China Tech
On August 9, 2023, U.S. President Joe Biden signed an Executive Order (“EO”) titled “Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concerns,” mandating the establishment of an outbound investment regulatory regime. The EO mandates that the Treasury Department, in coordination with other agencies, issue regulations to establish a
“REVERSE FDI” Towards an EU Outbound Investment Control Regime? EMEA – August 2023
Over the last couple of years, the European landscape in terms of investment control regimes has changed radically, with 19 member states now having foreign direct investment (FDI) regimes.
Those regimes are directed at screening inbound investment in companies located in a specific jurisdiction by buyers that are directly or indirectly owned by companies, individuals
DOJ and Commerce Department Launch Disruptive Technology Strike Force
On February 16, 2023, the United States Department of Justice (“DOJ”) announced that the DOJ and the Commerce Department were launching the “Disruptive Technology Strike Force,” to be led jointly by the DOJ’s National Security Division and the Commerce Department’s Bureau of Industry and Security (“BIS”), that “will focus on investigating and prosecuting criminal violations
BIS Implements New Chinese Supercomputer and Semiconductor Manufacturing Export Controls
On Thursday, October 13, 2022, the U.S. Department of Commerce, Bureau of Industry and Security (BIS) published in the Federal Register an Interim Final Rule, 87 Fed. Reg. 62186, amending the Export Administration Regulations (EAR) (15 CFR parts 730-774) to impose new export controls on Chinese advanced computing integrated circuits (ICs), computer commodities containing