US implements new export restrictions on advanced AI chips to China

The U.S. has announced new export restrictions on advanced AI chips, aiming to limit access for China and other rivals. The rules require authorizations for exports and tighten controls on sharing AI models, with exceptions for friendly countries. This move builds on previous efforts to curb technology exports to China amid concerns over its tech advancements. The restrictions will take effect in 120 days, allowing the incoming administration to consider changes. China's Commerce Ministry criticized the policy as a violation of trade rules, while U.S. industry leaders expressed concerns about its impact on competitiveness. The Semiconductor Industry Association warned it could harm the U.S. economy and global market position.