Nvidia pushed back on the Biden administration's new executive order relating to overseas sales of advanced AI chips, saying it will undermine U.S. technological leadership.

A major semiconductor index was down on Monday after the stock of industry giants slipped following the announcement earlier in the day that the

As the Biden administration heads into its final week, AI industry players are cozying up to the incoming president, likely in hopes that he’ll nix the restrictions. With only a week left in office, the Biden administration is still firing off proposed rules,

Once reticent to get involved in policy debates, Nvidia issued a sharply-worded blog post criticizing Biden's sweeping new export restrictions on AI chips and other AI technology

On Trump’s impending inauguration, Nvidia said Monday, “we look forward to a return to policies that strengthen American leadership, bolster our economy and preserve our competitive edge in AI and beyond.

Just a week to Trump’s inauguration the Biden administration is still making policies. The outgoing administration updated the export rule, which is designed to regulate the flow of AI to “adversaries” like China.