US moves to tighten AI Chip exports in final push before Biden leaves office

Source Cryptopolitan

The Biden administration is now preparing new restrictions to bar the export of AI chips, such as those made by Nvidia Corp. The move, which came just days before President Joe Biden leaves office, is another piece of a larger strategy to control who gets to develop and use cutting-edge AI.

According to a Bloomberg report, the plan purports to cut sales of AI chips used in data centers based on country and company. This is an effort to limit China and Russia’s access to advanced technology.  Sources familiar with the issue said the goal is to prod AI growth in US-allied countries and force global companies to conform to American standards.

The new AI Chip export regulations are based on three tiers

New rules may hit as soon as Friday, which could soon restrict semiconductor trade worldwide. The regulations would create three separate levels of export controls.

US moves to tighten AI Chip exports in final push before Biden leaves office
Mapped data reveals different degrees of restrictions in chip shipments. Source: Bloomberg

The US would allow close allies unlimited access to American chips while stopping them altogether to adversarial nations. However, most countries would have limits on how much computing power they can bring in.

One source said the US is hoping to persuade nations in the third tier to agree to follow US security and human rights rules to surpass their national caps. This arrangement is a validated end-user (VEU) designation that enlists a trusted group of organizations to make and use AI technology safely. The aim is to make AI ecosystems secure globally and prevent misuse.

Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Prices Under Pressure After Hitting $4,600, UBS: Safe-Haven Logic Unchanged But Only Delayed.Impacted by signs of easing geopolitical risks in the Middle East, international gold prices (XAUUSD) rebounded sharply after previously falling to the $4,100 level, at one point climbing
Author  TradingKey
11 hours ago
Impacted by signs of easing geopolitical risks in the Middle East, international gold prices (XAUUSD) rebounded sharply after previously falling to the $4,100 level, at one point climbing
placeholder
Trump TACO Trade Saves Market, But Who Are the First Victims of the TACO Trade? As U.S. President Trump once again signaled a de-escalation of tensions in the Middle East, global markets swiftly entered "TACO trade" mode: risk assets rallied, safe-haven assets retrea
Author  TradingKey
Yesterday 10: 16
As U.S. President Trump once again signaled a de-escalation of tensions in the Middle East, global markets swiftly entered "TACO trade" mode: risk assets rallied, safe-haven assets retrea
placeholder
WTI rises back above mid-$90.00s amid Middle East tensions and supply risksWest Texas Intermediate (WTI) Crude Oil prices gain traction in Asian trading Tuesday, building on Monday’s rebound from the $84.00 mark, a near two-week low. The commodity climbs above the mid-$90.00s, supported by supply fears.
Author  FXStreet
Yesterday 02: 04
West Texas Intermediate (WTI) Crude Oil prices gain traction in Asian trading Tuesday, building on Monday’s rebound from the $84.00 mark, a near two-week low. The commodity climbs above the mid-$90.00s, supported by supply fears.
placeholder
Gold Suffers Epic Plunge, March Cumulative Decline Exceeds 20%. Has Gold Become a Risk Asset?At 3:21 AM Beijing time during the Asian trading session, Spot gold (XAUUSD) fell nearly 9% intraday, at one point dropping below the $4,100 per ounce mark. This not only erased all gains
Author  TradingKey
Mar 23, Mon
At 3:21 AM Beijing time during the Asian trading session, Spot gold (XAUUSD) fell nearly 9% intraday, at one point dropping below the $4,100 per ounce mark. This not only erased all gains
placeholder
Iran threatens to completely close Strait of Hormuz if US bombs power plantsIran’s Islamic Revolutionary Guard Corps (IRGC) said that it will completely shut the strait if US President Donald Trump proceeds with his threats to target Iranian energy facilities, the Guardian reported on Monday.
Author  FXStreet
Mar 23, Mon
Iran’s Islamic Revolutionary Guard Corps (IRGC) said that it will completely shut the strait if US President Donald Trump proceeds with his threats to target Iranian energy facilities, the Guardian reported on Monday.
goTop
quote