Insiders: Trump administration plans to lift AI chip restrictions from Biden era

On May 8th, according to insiders, the Trump administration plans to lift the artificial intelligence chip restrictions from the Biden era as part of a broader effort to revise semiconductor trade restrictions, which have sparked strong opposition from major tech companies and foreign governments. This policy divides the country into three categories to regulate the chip exports of companies such as Nvidia (NVDA. O). According to informed sources, the Trump administration will not enforce the so-called artificial intelligence diffusion rules when they come into effect on May 15th, but the decision to repeal them has not yet been finalized. A spokesperson for the US Department of Commerce stated, "Biden's artificial intelligence rules are too complex and bureaucratic, which will hinder American innovation. We will replace them with a much simpler rule that will unleash America's innovation capabilities and ensure its dominant position in the field of artificial intelligence Insiders say that during the process of formulating new rules, the US Department of Commerce will continue to strictly enforce restrictions on chip exports. (Golden Ten)