Trump admin to roll back Biden’s AI chip restrictions
1 min read
Summary
U.S. President Donald Trump’s administration is set to rescind restrictions on the export of AI chips that were introduced by the previous government, which had sought to control the technologies that could enhance China’s military capabilities.
The Trump administration has complained that the rules introduced in January were “overly complex” and had held back U.S. innovation in the field of AI.
The stock market reacted positively to the news, with shares in chip makers including Nvidia rising by up to 3%.
However, the industry remains vulnerable to changing policies on tariffs, which have also had a notable impact on chip makers’ share prices.
The changes reflect the steadily increasing importance of AI technologies, seen as strategic assets by an increasing number of countries.
