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Venture Capitalists Balk at Proposed Export Limits on AI, Quantum Computing


A demonstration of artificial intelligence and facial recognition during CES 2019 in Las Vegas last week.

Venture capitalists are warning the Trump administration against limiting exports on emerging technologies, arguing it would stifle overseas sales for U.S. startups.

Credit: David McNew/AFP/Getty Images

Venture capitalists are warning the Trump administration against limiting exports on emerging technologies like artificial intelligence (AI) and quantum computing, arguing it would stifle overseas sales for U.S. startups.

National Venture Capital Association (NVCA) CEO Bobby Franklin said his organization only supports constraints on the export of tech specific to defense.

Tight government control of AI exports, especially to China, could conflict with Silicon Valley's business interests.

Defense officials see the U.S. competing with China in an AI arms race, while investors and industry executives are keen to gain footholds in the Chinese market.

NVCA's Jeff Farrah said the evolution of AI and quantum computing is outpacing industry efforts to arrive at a universal definition of the technologies, and his organization has little faith the government can meet this challenge in a fair and balanced manner.

From The Washington Post
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