Skip to content
Trending storyDeveloping

US Treasury fines Amidi $200,000 over unreported Chinese subsidiary investment in Noematrix

1 article1 sourceLast article 21h ago ·

Overview

AISummary of 1 article

The US Treasury has fined Plug and Play parent Amidi $200,000 for failing to report a roughly $92,478 investment in robotics AI startup Noematrix made by its Chinese subsidiary, the first penalty under US outbound investment rules, according to a report on X. The fine is more than twice the size of the investment itself.

Treasury cited a reporting violation only. It did not say the investment was prohibited and did not allege wrongdoing by Noematrix.

Written by AI from the articles below · updated Oct 8, 9:12 PM ET

Check the sources:

Latest developmentOct 8, 3:48 AM ET
The US Treasury announced its first penalty under outbound investment rules, fining Plug and Play parent Amidi $200,000 for failing to report its Chinese subsidiary's roughly $92,478 investment in robotics AI startup Noematrix. The fine exceeds twice the investment. Treasury identified a reporting violation; it did not say the transaction was prohibited or allege wrongdoing by Noematrix.

Article timeline

Follow the coverage from different perspectives. Times are ET.

Oct 8
  1. X.PIN
    The US Treasury announced its first penalty under outbound investment rules, fining Plug and Play parent Amidi $200,000 for failing to…

    AI…report its Chinese subsidiary's roughly $92,478 investment in robotics AI startup Noematrix. The fine exceeds twice the investment. Treasury identified a reporting violation; it did not say the transaction was prohibited or allege wrongdoing by Noematrix.

Heat trend

Not enough continuous observations to show a trend yet.