New AI tech regulations are designed to enhance national security, but have been branded as a competition stifling measure to keep the US ahead.

"Interim Final Rule" aims to limit US AI chip exports. Nvidia strongly opposes; others less critical. The Biden administration wants to pass a final rule at the end of its term of office that will further restrict access to AI hardware and AI models for some countries – above all China and Russia.

The Biden administration’s latest bid to curb China’s access to the most advanced AI models and AI chips could have a major impact on the AI boom and its enablers, most prominently chip giant Nvidia.

The company is making an explicit appeal to the president-elect to reject tighter controls on the export of artificial-intelligence hardware.

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.

Nvidia (NASDAQ:NVDA) on Monday criticized new efforts by the outgoing Joe Biden administration to restrict export of American technology. Shares of Nvidia fell about 3% premarket on Monday. "By restricting access to mainstream computing applications around the world,