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Showing posts with the label US Treasury

Treasury Outlaws US AI Investment in China, Adds Russia Too

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Treasury Outlaws US AI Investment in China, Adds Russia Too IBM's Summit supercomputer at Oak Ridge National Laboratory in Tennessee. High-performance computing and supercomputing are among the new technology categories the US Treasury wants to bring under outbound-investment screening. Photo: Carlos Jones / Oak Ridge National Laboratory, via Wikimedia Commons (CC BY 2.0). Update, Oct. 23: comment docket and the March 13, 2027 deadline Two details have firmed up since this story first published. Treasury opened the proposal for public comment through December 7, 2026, on regulations.gov under docket number TREAS-DO-2026-0595 — the window in which investors, chip firms and universities can try to shape the final definitions. And the timeline is no longer guesswork: the COINS Act, signed December 18, 2025, gives Treasury up to 450 days to issue the final regulations, which puts the statutory deadline at March 13, 2027. (Docket via madrobot.blog, Oct. 23; statutory analysis via T...

US Treasury Tells IMF to Rename AI 'Super Intelligence'

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The IMF headquarters in Washington, D.C. Treasury Undersecretary Erin Browne told Reuters on Thursday that the US wants the IMF's steering committee to rename AI "super intelligence" in its draft statement. Credit: APK, CC BY 4.0, via Wikimedia Commons. The Trump administration is now lobbying foreign finance ministries over vocabulary. On Thursday, Treasury Undersecretary for International Affairs Erin Browne told Reuters that Washington wants the IMF's steering committee to replace "artificial intelligence" with "super intelligence" in its draft communiqué — and, per the same Reuters report, has suggested in closed meetings that it will insist on the change, raising eyebrows among the committee's members. It is, quite possibly, the strangest diplomatic dispute of the year. And it is the logical endpoint of a two-week campaign — executive order, website relaunch, rally chants — to retire the term "AI" by presidential fiat. W...