Biden announces new export controls on AI chips targeting China and Russia

President Joe Biden has announced new export controls on artificial intelligence chips, targeting China and Russia. The restrictions aim to limit their access to technology used for AI development and data centers, while allowing sales to 18 US allies without restrictions. The new rules will take effect in 120 days and permit countries outside US allies to purchase up to 50,000 advanced graphics processing units. Nvidia has criticized the measures, claiming they could hinder global innovation and economic growth. These controls build on existing US restrictions to prevent adversaries from using advanced AI for military purposes. The Biden administration has also supported domestic chipmakers with nearly $30 billion in subsidies through the CHIPS Act.