“Shark Tank” investor Kevin O’Leary is calling on U.S. policymakers to reverse export restrictions on artificial intelligence chips, arguing that blocking sales to adversaries like China could backfire by allowing competitors to establish their semiconductor ecosystems.
What Happened: Speaking on “The Diary of a CEO” podcast, O’Leary drew parallels between Apple Inc.’s (NASDAQ:AAPL) strategy under Steve Jobs and the current AI chip battle involving Nvidia Corp. (NASDAQ:NVDA). He described the chip as the “queen bee” that creates value through a surrounding community of programmers and developers.
