Biden admin increases ‘export controls’ on AI chip shipments to China: Expert #shorts
The Biden administration announced that it would tighten its restrictions around exporting artificial intelligence chips to China. The restrictions are part of a broader effort from the White House to restrict China’s military from gaining an advantage with AI and gaining access to the most advanced chips. Most of the semiconductors will remain unrestricted, according to Commerce Secretary Gina Raimondo. Bernstein Managing Director Stacy Rasgon joined Yahoo Finance Live to discuss the developments on October 17, 2023.
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