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Major US tech firms and industry groups on Monday slashed the Biden administration's sweeping new controls on AI chip exports, which could severely damage America's global competitiveness in AI technology and tech market leadership.
The new 200-page rules, released just days before President-elect Donald Trump takes office, would impose worldwide restrictions and licensing requirements on advanced computer chip exports for AI applications. The rules would particularly affect graphics processing units (GPUs) that power AI systems. Leading chipmakers, cloud computing companies, and industry associations sharply criticized the regulations.
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