Article
US Issues First Outbound Investment Penalty Over Chinese Robotics AI Deal
US Issues First Outbound Investment Penalty Over Chinese Robotics AI Deal
Authored by Arthur Zhang via The Epoch Times,
The U.S. Treasury Department has fined Amidi LLC $200,000 for failing to report an investment in a Chinese tech startup - the first penalty under U.S. restrictions on investments in sensitive Chinese technologies.
The Department of the Treasury in Washington on Oct. 3, 2024. Madalina Vasiliu/The Epoch TimesAmidi is the parent company of Plug and Play Tech Center, a California-based venture investment and startup accelerator organization. The Treasury imposed the penalty in July...
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— zerohedge (@zerohedge) March 17, 2026
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Authored by Jason Nelson via decrypt.io,
In brief
DeepMind veteran David Silver raised $1.1 billion for his new startup Ineffable Intelligence at a $5.1 billion valuation.
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