​Biden Admin Mulls Export Cap On AI Chips To Some Countries – Tyler Durden

Biden Admin Mulls Export Cap On AI Chips To Some Countries Nvidia shares, which hit record highs on Monday, are now sliding in premarket trading in New York after a Bloomberg report revealed that US officials are considering restricting the sale of the chipmaker’s advanced AI chips to specific countries. The report cites sources familiar with continuing talks within the Biden administration, which have discussed this new possible strategy in creating a ceiling on export licenses under the guise of ‘national security’ risks. They said the possible limation of these AI chips is centered around oil/gas-rich Persian Gulf countries with deep pockets and splurging on new…  — Continue at ZeroHedge News : Read More