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Washington, United States – The United States on Tuesday said it was tightening curbs on exports of state-of-the-art AI chips to China, sending the share price of Nvidia and other semiconductor companies plummeting on Wall Street.
The new rules tighten measures taken a year ago that banned the sale to China of microchips that are crucial to the manufacturing of powerful AI systems. Raimondo insisted that the beefed up curbs were intended to close loopholes and to prevent China’s development of AI for military use. The update on Tuesday widened the ban to other lower-performing chips made by Nvidia and other manufacturers that were going to China unrestricted.
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