US rescinds AI chip export restrictions

The US government has rescinded a Biden-era rule restricting AI chip exports, citing its unenforceability. This decision is expected to impact the global technology landscape. The Trump administration plans to replace the scrapped rule with new guidelines, aiming to foster US technology development while preventing adversaries from accessing it. The original rule, set to take effect May 15th, established a tiered licensing system for AI chips. The previous export controls, targeting Chinese companies, faced criticism from the EU and the chip industry. The new guidelines are not expected to be implemented immediately.