US considers restricting advanced AI chip exports to China citing national security concerns
- The Commerce Department plans to halt shipments of chips made by Nvidia and other companies to customers in China.
- The restrictions aim to curb China’s progress in AI and limit their access to sensitive technology.
- The policy change is escalating tensions in the US-China technology trade war and rattling tech companies and investors.
- While the immediate financial impact is expected to be minimal, the long term consequences could be substantial according to industry experts.
- The Biden administration has asked allies to also restrict high-tech exports to China as concerns rise about their AI capabilities and potential threat.
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