Biden Administration Considers Capping Sales Of Advanced AI Chips To Certain Countries Over National Security Concerns

The Biden administration is considering capping sales of advanced AI chips from companies like Nvidia and AMD to specific countries. The policy would set limits on export licenses based on national security concerns. Discussions are in the early stages, with officials aiming to build on existing regulations for AI chip shipments. The US has already restricted sales to over forty countries across the Middle East, Africa, and Asia over fears that they could be transferred to China. Nvidia shares dropped over 1% after the news.