Nvidia says new rule will weaken US leadership in AI

Nvidia on Monday criticized a new effort by the Biden administration to tighten Washington's grip on artificial intelligence chip flows around the world, saying the regulation would jeopardize current U.S. leadership in AI. The new rule, which is expected to be published as soon as Monday, "threatens to derail innovation and economic growth worldwide," and would "undermine America's leadership," Nvidia Vice President of Government Affairs Ned Finkle said in a statement. Reuters reported last month on the U.S. Commerce Department's plan for approving global AI chip exports while also preventing bad actors from accessing them.