US Sees Narrow Limits on China’s AI Investment

The Biden administration’s plans to restrict investments in China will be narrowly focused on cutting-edge technology, only new investments, and likely won’t go into effect until next year as the policy grinds through Washington’s bureaucracy.

US officials are aiming to wrap up a proposal by the end of August for the long-delayed program to screen and possibly prohibit investment in China’s semiconductor, quantum-computing, and AI sectors, according to people familiar with the plans.

In a sign of of how the Biden administration’s early ambitions have been cut back, the restrictions are likely only to apply to new investments, and the …

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