US weighs limit on Nvidia, AMD AI chip sales to some countries- Bloomberg By Investing.com

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Investing.com– The Biden administration is weighing a limit on sales of artificial intelligence chips made by NVIDIA Corporation (NASDAQ:) and AMD (NASDAQ:) on a per-country basis, Bloomberg reported on Monday. 

Officials discussed imposing limited export licenses on some countries, likely cutting off their exposure to advancements in AI technology, the Bloomberg report said. The restrictions are being considered in the interest of national security, and are focused on countries in the Middle East and Persian Gulf. 

It was not clear whether the restrictions would be imposed during President Joe Biden’s term. The potential sales impact of any restrictions was also not immediately clear. 

The U.S. already has restrictions in place for AI chip sales to China, citing concerns over national security. The restrictions were imposed over the past year, amid the growing popularity of generative AI programs. 

While Nvidia still…

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