Tech industry sounds alarm over US AI Export Control Framework [Video]

Oracle leads industry backlash, warning of dire consequences for US innovation, while others debate the effectiveness of AI regulation to address national security risks.

The Biden administration’s recently introduced “Export Control Framework for Artificial Intelligence Diffusion” has sparked a heated debate in the tech industry. While the framework seeks to curb potential national security threats linked to AI and GPU exports, vendors including Oracle, Microsoft, Amazon, and Meta argue it imposes excessive regulatory burdens, stifling innovation and ceding market leadership to China.

Industry stakeholders believe that the framework may result in unintended consequences for the US and global tech ecosystems.

“It not only restricts China’s access to advanced technologies, pushing US firms to innovate and develop alternatives; it also limits US companies’ global market share and encourages China to accelerate its own technological advancements, altering the global tech landscape and intensifying the US-China tech competition,” said Charlie Dai, VP, principal analyst at Forrester.

The framework developed by the Bureau of Industry and Security (BIS), an …