US Limits AI Chip Exports: China and Russia Affected

The US has just put new limits on AI chip exports to hold back China and Russia. This comes as Biden's term ends and hot on the heels of similar curbs last month. Tech companies like Nvidia and Oracle aren't happy, saying these rules might hurt US tech leadership. Officials say the goal is to keep the most advanced AI tech out of enemy hands. But some believe these measures could slow down the global growth of AI. The restrictions have been divided into three groups of countries, with the US allies facing no new restrictions. China and Russia, already blocked from buying top-notch chips, will now face even stricter rules. Most other countries will have new limits on how much computing power they can buy. The rules are part of a wider effort to stop China from becoming a tech superpower. The rules enter a 120-day comment period before taking full effect. Tech giants and industry groups warn that these rules could harm US competitiveness and innovation.