AssetID: 54429015
Headline: UNCAPTIONED: Biden Tightens AI Chip Export Curbs on China and Russia Amid Industry Backlash
Caption: Biden Tightens AI Chip Export Curbs on China and Russia Amid Industry Backlash. The Biden administration has issued its last set of restrictions on exporting AI chips, aiming to block rivals like China and Russia from accessing advanced technology. The restrictions, announced days before President Biden leaves office, escalate tensions with Beijing while drawing criticism from US tech giants like Nvidia and Oracle. US Commerce Secretary Gina Raimondo emphasized the rules aim to "safeguard the most advanced AI technology" while enabling its benefits for partner countries. A global export framework creates three country tiers: unrestricted access for allies like Japan and Taiwan, strict limits for China and Russia, and caps for most other countries. Analysts suggest the caps for third-tier nations are intended to prevent China from obtaining AI chips through intermediaries, especially in the Middle East. The measures enter a 120-day comment period but will take effect earlier, leaving room for the incoming Trump administration to adjust the rules. Tech companies, including Nvidia and Oracle, criticized the restrictions as harmful to US competitiveness and innovation, labeling them as regulatory overreach. Nvidia’s government affairs VP Ned Finkle warned the rules jeopardize global AI development and US economic growth, accusing the administration of undermining its own goals. The Semiconductor Industry Association expressed concerns over the regulations' scope, complexity, and lack of industry consultation, warning they could harm US leadership. The move follows prior restrictions on semiconductor equipment sales to China, part of a broader strategy to curb Beijing's tech ambitions and boost US security. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Science & Technology,AI,Chip,Export,Curbs,China,Russia,Amid,Industry,Backlash,Nvidia,Oracle,Restrictions,President,Joe Biden,Biden Administration,Drawing,Criticism,Tech,Technology,Advanced
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