The US-China trade dispute further deepens the impact on the global AI industry landscape

On December 16, 2021, the U.S. Treasury Department updated the new OFAC sanctions list, which includes a number of leading Chinese companies in the AI industry with facial recognition, computer vision, and cloud computing technology. Once the sanctions list was announced, it caused a chain reaction in the industry.

The products and services of Chinese AI companies are part of the global technology industry supply chain. U.S. sanctions have restricted the entry of these companies’ products. At the same time, there are also huge potential risks for companies in other countries that use Chinese products and services as there might be possible impact on their exports.

How the U.S.-China trade dispute will develop is impossible to predict. For other companies in the global technology industry supply chain, they should avoid these uncontrollable political factors as much as possible, and cooperate with suppliers that meet the access requirements of various countries to protect their own interests.

FaceSec is an artificial intelligence solution provider in Singapore. Its products meet the access requirements of various countries and abide by their laws and regulations. It is committed to helping companies around the world use AI technology with the lowest threshold to help companies increase their core competitiveness.

U.S. Treasury Department official website

https://home.treasury.gov/policy-issues/financial-sanctions/consolidated-sanctions-list/ns-cmic-list