U.S. tightens AI chip export rules for 120 countries to maintain tech leadership

The U.S. government is introducing new export rules for AI chips, restricting access for around 120 countries. Previously, such bans primarily targeted China, which is seen as a rival in AI development. Countries like Israel, Singapore, and Saudi Arabia will face hurdles to purchase these chips, needing to prove they meet U.S. security requirements. In contrast, 18 key U.S. allies will not face these restrictions. Commerce Secretary Gina Raimondo emphasized the importance of maintaining U.S. leadership in AI. The new rules may push some countries to seek alternatives, potentially from China, rather than comply with complex U.S. regulations.