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International Business Times
International Business Times
Business
Vidhya Ck

US Set To Revise AI Chip Export Rules, Scrapping Tiered System

United States Joe Biden Nvidia Donald Trump Jensen Huang Lisa Su Artificial Intelligence China
Nvidia CEO Jensen Huang had cautioned that shutting U.S. firms out of the Chinese AI market would be a “tremendous loss.” (Credit: AFP)

The U.S. government plans to rescind and revise a key Biden-era rule that restricted the export of sophisticated artificial intelligence (AI) chips, a spokesperson for the Department of Commerce confirmed on Wednesday.

"The Biden AI rule is overly complex, overly bureaucratic, and would stymie American innovation," the spokeswoman said, adding, "We will be replacing it with a much simpler rule that unleashes American innovation and ensures American AI dominance."

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