Biden's ban on Chinese AI investments will change venture capital

President Biden on Wednesday proposed an effective ban on U.S. venture capital and private equity investments into Chinese tech companies, via an executive order aimed at bolstering national security.

Why it matters: This is the end of unfettered globalization in venture capital and private equity.

Details: This is the so-called "reverse CFIUS" rule that's been expected since last year, and its implementation is subject to a comment period and rulemaking by the U.S. Treasury Department. READ MORE