Biden administration proposes new export rules for AI chips to address security and economic concerns

The Biden administration has proposed new rules for exporting advanced AI chips, aiming to address national security while considering economic interests. The framework could limit access to chips for video games and restrict imports in 120 countries, including Mexico and Israel. Commerce Secretary Gina Raimondo emphasized the need to maintain U.S. leadership in AI technology. The proposed rules would allow about 20 key allies to access chips without restrictions, while others face caps on imports. Industry executives have expressed concerns that the rules may hinder innovation and fragment global supply chains. A 120-day comment period allows for potential adjustments before the incoming Republican administration can influence the final regulations.