BREAKING: The Trump Administration is preparing a rule that would restrict AI chip shipments GLOBALLY without US approval, per Bloomberg.
Details include:
1. Regulation would require companies to seek US permission for virtually all exports of AI chips
2. Nvidia and AMD would be heavily impacted
3. Rules would set the US government up as a "gatekeeper" for the AI industry
4. Specific approval process is based on "how much computing power a company wants"
Chip stocks are falling on the news.
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