Biden Administration Introduces Sweeping AI Chip Export Restrictions

New rules aim to curb China's access to advanced AI technologies but face criticism from Nvidia and industry leaders over potential economic impacts.

The Biden Administration announced new export controls on AI chips and proprietary model weights, dividing countries into three tiers based on restrictions.
China and Russia remain banned from accessing advanced AI chips, while countries outside the U.S. and its closest allies face strict import caps.
Nvidia strongly criticized the rules as harmful to U.S. innovation and global competitiveness, while praising the Trump Administration's past AI policies.
The restrictions come as concerns grow over China's AI advancements and the race to achieve artificial general intelligence (AGI).
The incoming Trump Administration will have the option to revise or repeal the rules during a 120-day public comment period.