Biden's new chip rules aim to stifle China in AI race
President Joe Biden announced new limits on AI chips made by manufacturers including Nvidia.
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- President Joe Biden announced new AI chip export curbs to limit access for China and Russia.
- The restrictions aim to concentrate advanced AI development in US-allied countries.
- About 15% of Nvidia's revenue last quarter came from China and Hong Kong.
President Joe Biden has announced one more round of export restrictions on AI chips, set to affect those made by Nvidia and AMD...
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