HomeAbout

TL;DR CNBC


U.S. China committee chair says there's broad support to block American asset managers from investing in Chinese A.I. firms - TL;DR CNBC

U.S. China committee chair says there's broad support to block American asset managers from investing in Chinese A.I. firms

Publishing timestamp: 2023-04-12 14:05:51


Summary

Rep. Mike Gallagher is cautiously optimistic about the willingness of Silicon Valley leaders to restrict American investment in Chinese artificial intelligence companies. He believes there is broad support for this idea, especially among venture capitalists. Gallagher also discusses the challenges of decoupling from China for companies like Apple and the need to diversify supply chains. He emphasizes the importance of understanding the choices companies make when doing business in China.


Sentiment: MIXED

Tickers: AAPL

Keywords: business newsgovernment and politicstechnologypoliticsbreaking news: politicsmobileapple incmike gallagherunited statesbreaking news: technologysocial mediachina

Source: https://www.cnbc.com/2023/04/12/gallagher-optimistic-about-stopping-us-investments-in-chinese-ai.html


Developed by Leo Phan