Biden to Impose More Limits on Nvidia AI Chip Exports, Report Says
In its last days in the White House, the Biden administration reportedly is planning new regulations that could be announced as soon as Friday to further limit the export of artificial intelligence (AI) chips by companies like Nvidia.
Nvidia Faces Export Restrictions Amid Global AI Chip Debate
With an eye on national security, the new approach seeks to protect U.S. technical superiority. Warning that the proposed limits might compromise America's competitive advantage in the global AI race and slow down economic development, Nvidia has rejected them. After the news, after-hours trading saw Nvidia's shares drop almost 1%.
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Behind the clash is a new Biden administration effort to block China’s access to sensitive technologies.
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