The Biden administration is now preparing new restrictions to bar the export of AI chips, such as those made by Nvidia Corp. The move, which came just days before President Joe Biden leaves office, is another piece of a larger strategy to control who gets to develop and use cutting-edge AI.

The result would be an expansion of semiconductor trade restrictions to most of the world - an attempt to control the spread of AI technology at a time of soaring demand

The Biden Administration plans to install another layer of export restrictions in an effort to prevent China and Russia access to AI chips. Read more here.