The Joe Biden administration is reportedly considering restricting the export of advanced AI chips from Nvidia Corporation (NASDAQ:NVDA) and Advanced Micro Devices Inc. (NASDAQ:AMD) to specific countries. What Happened: The proposal which hasn’t been finalized yet aims to limit the AI capabilities of certain nations, citing national security concerns, with a focus on Persian Gulf countries, reported Bloomberg, citing people familiar with the matter. The development comes following the introduction of the framework that intends to streamline the licensing process for AI chip shipments to data c…
