Nvidia welcomes Trump’s proposal to rescind global chip restrictions

Donald Trump’s administration is expected to rescind Joe Biden’s curbs on AI chip sales as part of a broader effort to revise semiconductor restrictions, Bloomberg reported. In a statement, Nvidia said, “We welcome the administration’s leadership and new direction on AI policy. With the AI Diffusion Rule revoked, America will have a once-in-a-generation opportunity to lead the next industrial revolution and create high-paying U.S. jobs, build new U.S.-supplied infrastructure, and alleviate the trade deficit.” Biden’s restrictions on AI chip sales were reminiscent of the days when the PlayStation 2’s sales were restricted because its processing power was considered close to that of a supercomputer, and that was dangerous if it fell in the hands of those trying to create nuclear weapons. As such, the restrictions drew opposition from major tech companies and foreign governments, Bloomberg said. The news publication said the repeal is not yet final, but it could lift regulations on the ... Read full article.