Nvidia (NASDAQ:NVDA) criticized a potential plan for new AI chip export curbs, which could be announced soon by the outgoing Joe Biden administration, Bloomberg News reported. "We would encourage President Biden to not preempt incoming President Trump by enacting a policy that will only harm the U.

Exactly what does this new directive really do when it comes to AI chips? I mean, this is another way of kind of slicing the cake and creating more restrictions. What has happened up until now has been,

The chip maker urged the incumbent president not to 'pre-empt' the Trump administration with a policy to tighten export controls.

KEY TAKEAWAYS In its last days in the White House, the Biden administration reportedly is planning new regulations that could be announced as soon as Friday to further limit the export of artificial intelligence (AI) chips by companies like Nvidia.