Nvidia welcomes Trump’s suggestion to cancel global chips restrictions

Donald Trump’s administration is expected to cancel Joe Biden’s curbs on AI Chip sales as part of a wider effort to review semiconductor restrictions, Bloomberg Reported.

In a statement Nvidia said: “We welcome the administration leadership and the new direction in terms of AI policy. With the canceled rule for AI diffusion, America will have the opportunity for once in a generation to lead the next industrial revolution and to create high -paying jobs, to build a new infrastructure and to facilitate the infrastructure and to facilitate

Biden’s restrictions on AI Chip sales were reminiscent of the days when PlayStation 2 sales were limited, as its processing power was considered close to that of a supercomputer and this was dangerous if it fell into the hands of those trying to create nuclear weapons.

As such, the restrictions have caused opposition to major technology companies and foreign governments, Bloomberg said. The news publication said the cancellation was not yet final, but it could raise regulations on the export of NVIDIA chips and others. Trump is reported to not apply the AI ​​diffusion rule when it comes into force on May 15. It may be by chance that NVIDIA CEO Jensen Huang visited Trump in the White House earlier this year.

Bloomberg said change in policy happens when Trump prepares for a trip to the Middle East, where Saudi Arabia and the United Arab Emirates were struck by the curbs of their ability to acquire AI chips. The price of NVIDIA shares has increased in trade today.