The Trump administration plans to rescind and modify Biden's AI chip export curbs aimed at limiting China's access to advanced technology. According to a Commerce Department spokesperson, the current rule is seen as overly complex and unenforceable, leading to plans for a simpler regulation to enhance U.S. innovation and competitiveness in AI. This policy change could boost companies like Nvidia, whose stock responded positively to speculation about increased export opportunities. A clear timeline for implementation remains undetermined as discussions continue on the most effective approach moving forward.
"The Biden AI rule is overly complex, overly bureaucratic, and would stymie American innovation," the Commerce spokeswoman said. "We will be replacing it with a much simpler rule that unleashes American innovation and ensures American AI dominance."
The Trump administration is changing the global access policy for AI chips, particularly criticizing the tiered system of the Biden rule as 'unenforceable' and unnecessary.
The Framework for Artificial Intelligence Diffusion was aimed at restricting AI chip exports to China to maintain US leadership, but now faces modification under Trump.
Shares of Nvidia, an AI chip designer, rose 3% on news of potential rule changes, reflecting market optimism about increased export opportunities.
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