Outgoing Prez Biden to further limit Nvidia's AI chip exports in final push

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Outgoing Prez Biden to further limit Nvidia's AI chip exports in final push - Business Standard

Quick Summary:

But individual companies can access significantly higher limits — that grow over time — if they apply for VEU status in each country where they wish to build data centers.

The US has “a serious once-in-a-generation moment to leverage US AI technology,” the top Democrat and Republican on the House China Select Committee wrote last week in a letter to Commerce Secretary Gina Raimondo.“Demand for US AI technology is an opportunity to pry both companies and countries out of Beijing’s orbit.

Nvidia objected to the proposal in a statement.“A last-minute rule restricting exports to most of the world would be a major shift in policy that would not reduce the risk of misuse but would threaten economic growth and US leadership,” Nvidia said.“The worldwide interest in accelerated computing for everyday applications is a tremendous opportunity for the US to cultivate, promoting the economy and adding US jobs.