Trump plans to revoke Biden era 'AI technology diffusion control rules'

BlockBeats News: On May 14th, the Trump administration plans to comprehensively revise the artificial intelligence semiconductor export control regulations, abolishing the regulatory framework that sparked strong opposition from American companies and allies such as Nvidia (NVDA. O) and Oracle (ORCL. N) during the Biden era. The US Department of Commerce announced on Tuesday local time that it will revoke the "AI Technology Diffusion Control Rules" that were originally scheduled to take effect on May 15th. The rules were introduced by former US President Biden and divided chip importing countries into three levels. According to informed sources, the new government is drafting alternative plans that may shift towards negotiating and signing bilateral agreements with each country on a case by case basis. (Golden Ten)