Biden administration proposes new curbs on advanced AI chips sale, Nvidia calls them ‘sweeping overreach’

The Joe Biden administration has unveiled sweeping curbs on the sale of advanced AI chips by semiconductor companies including Nvidia Corp.

The new rules will limit the number of AI chips that can be exported to most countries. It will allow unlimited access to US AI technology for America’s closest allies, while also maintaining a block on exports to China, Russia, Iran and North Korea.