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  • 11 hours ago
Nvidia CEO Jensen Huang said he met with President Trump on Wednesday to discuss U.S. chip-export restrictions. Huang reiterated that he supports export controls designed to ensure American companies get priority access to cutting-edge AI technology. Lawmakers had considered adding the GAIN AI Act to the annual defense bill, which would require Nvidia and AMD to give U.S. buyers first access to advanced chips before selling overseas. Bloomberg reported the measure is unlikely to be included. Huang said leaving the GAIN AI Act out of the bill was the right move and argued it could harm U.S. competitiveness more than other proposals like the AI Diffusion Act. He also cautioned that a patchwork of state-level AI rules would slow industry progress, noting that major tech firms are now backing a super PAC to oppose fragmented regulations.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:03NVIDIA CEO Jensen Huang said he met with Trump on Wednesday to discuss U.S. chip export restrictions,
00:08according to CNBC. Huang said he supports export controls to ensure American companies receive
00:14priority access to advanced technology. Lawmakers considered adding the GAIAI Act to the National
00:20Defense Authorization Act to require NVIDIA and AMD to give U.S. companies first access to their
00:26AI chips before selling them abroad. Bloomberg reported the proposal is not expected to be
00:32included in the defense package. Huang said it was wise to leave the GAIAI Act out of the defense bill
00:37and argued the proposal would be more harmful to the United States than the AI Diffusion Act.
00:43He also warned that state-by-state AI rules would hinder industry progress,
00:47prompting tech companies to back a super PAC opposing such regulations.
00:51For all things money, visit Benzinga.com.
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