The US has introduced new rules that will block exports of most artificial intelligence chips to China. The rules build upon restrictions introduced in October 2022.
New US rules blocking the export of most artificial intelligence chips to China will build upon a sweeping set of restrictions introduced in October 2022. Nvidia makes sought-after AI chips like the H100, and the AI boom has proven to be profitable as its valuation has expanded beyond $1 trillion.
“We comply with all applicable regulations while working to provide products that support thousands of applications across many different industries,” said Nvidia spokesperson Ken Brown. “Given the demand worldwide for our products, we don’t expect a near-term meaningful impact on our financial results.” Intel spokesperson Sarah Keller said the company is “reviewing the rules and assessing the potential impact.” AMD didn’t immediately reply to a request for comment.
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