Overview

• 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.