Biden administration proposes new rules to tighten grip on AI chip flows | Business and Economy News [Video]

The outgoing administration of United States President Joe Biden is proposing a new framework for the export of advanced computer chips used to develop artificial intelligence, an attempt to balance national security concerns about the technology with the economic interests of producers and other countries.

But the framework proposed Monday also raised concerns of chip industry executives who said the rules would limit access to existing chips used for video games and restrict in 120 countries the chips used for data centres and AI products. Mexico, Portugal, Israel and Switzerland are among the nations that could have limited access.

Commerce Secretary Gina Raimondo said on a call with reporters previewing the framework that it’s “critical” to preserve America’s leadership in AI and the development of AI-related computer chips. Fast-evolving AI technology enables computers to produce novels, make scientific research breakthroughs, automate driving and foster a range of other transformations that …