DigiNepal
US issues first outbound investment fine over Chinese robotics AI deal
US issues first outbound investment fine over Chinese robotics AI deal
The US Treasury on Wednesday announced its first penalty under rules governing American investment in sensitive Chinese technologies, revealing a US$200,000 fine against the parent of Plug and Play Tech Centre for failing to report an investment in a Shanghai robotics AI company. The Treasury said on Wednesday that Amidi, LLC failed to submit a required notification after its Chinese fund…