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US security remains paramount in the continued rise of AI, according to Treasury Department secretary | TechCrunch

Oct 25, 2023 - news.bensbites.co
The article discusses the growth of startup investing in a post-COVID world, with investors expanding their horizons to fund projects across borders. However, there are concerns about security and the protection of U.S. businesses, necessitating the monitoring of foreign inflows while still promoting innovation. Paul Rosen, assistant secretary of the treasury for investment security, highlights the evolving concept of national security in this context.

Rosen also addresses the importance and risks associated with data and sensitive personal information. These are key concerns for both individuals seeking to maintain privacy and corporations looking to gather user information. He emphasizes the need to consider the potential national security risks if large amounts of data, whether personal information or intellectual property, fall into the wrong hands.

Key takeaways:

  • Startup investing has expanded globally beyond traditional Silicon Valley meetings in the post-COVID world.
  • There is a concern in the U.S. about protecting its businesses and monitoring foreign inflows while still promoting innovation.
  • Paul Rosen, assistant secretary of the treasury for investment security, highlighted the evolving concept of national security in relation to technological developments.
  • Rosen emphasized the importance of data security, considering the risk to national security if data, whether personal or intellectual property, falls into the wrong hands.
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