Trump will reverse Biden's AI chip export restrictions

President Trump plans to reverse Biden-era restrictions on exporting advanced AI chips, a move that could reshape the global AI landscape. This decision follows criticism from tech companies. The Biden administration's export curbs, set to take effect May 15, categorized countries with varying levels of restrictions. Tech giants like Microsoft and Nvidia opposed the regulations, fearing they would hinder AI development. The announcement came during a Senate hearing on AI regulation, where tech executives discussed innovation, job growth, and ethical concerns. Trump's move aligns with his push for less AI regulation and US leadership in the industry.