Nvidia released a statement Monday that called the proposed rules “unprecedented and misguided” and added that they would “derail” innovation and economic growth worldwide.
These proposals are meant to build off of guidance that the Biden administration released in October 2022 and October 2023. Today’s proposal also includes a 120-day comment period, but the rules will take effect before that period is over, according to CNN reporting.
While this news is causing quite the stir in the AI community, with a new administration taking office next week, the conversation around chip export restrictions could look completely different by the end of the month.