US imposes new export rules on advanced AI chips to enhance security and maintain leadership

The Biden administration has introduced new export rules for advanced AI chips, restricting access for about 120 countries, including Mexico and Israel. The aim is to protect national security while maintaining US leadership in AI technology. Industry leaders have raised concerns about potential supply chain disruptions and impacts on US competitiveness. Some argue the rules may harm the economy by limiting access to strategic markets. Countries like Australia and Canada will not face restrictions, while others will have import caps on graphics processing units. Institutions can apply for special permissions for larger purchases, with some exemptions for universities and medical facilities.