Nvidia’s Finkle Urges Biden to Postpone Action on Global AI Chip Exports
Nvidia VP Ned Finkle urges President Biden not to act before Trump, warning of economic consequences. The US Commerce Department intends to allow global AI chip exports, preventing misuse.
In an email, Nvidia Vice President Ned Finkle said, “We would encourage President Biden not to act before incoming President Trump by putting in place a policy that will only hurt the US economy, set America back, and give US enemies more power.”
When Reuters asked for comment outside of normal business hours, the US Commerce Department and the White House did not respond right away.
Last month, Reuters was the first to report on the Commerce Department’s plan to allow global exports of AI chips while also keeping malicious people from getting their hands on them. One of the main goals of the rules is to stop AI from making China’s military stronger.
Bloomberg News reported on Thursday that the announcement of new export rules could be imminent. These rules would make it illegal for a group of US enemies to import these chips, and most of the world would have limits on how much computing power can go to one country.
Finkle from Nvidia said that the reported policy was an “anti-China move.” He also warned that the extreme country cap will hurt computers all over the world and force people to switch to different technologies. Finkle predicted that US businesses and people worldwide would despise the Biden administration’s last-minute policy.
Tech Giants Warn of Global Market Impact
Companies like Amazon, Microsoft, and Meta are part of the Information Technology Industry Council. They say that the rule would make it harder for US companies to sell computers overseas and give competitors the chance to take over the global market.
As a matter of national security, US President-elect Donald Trump put limits on the sale of US technology to China during his first term in office. Trump’s second term starts on January 20. As the market closed Thursday night, Nvidia shares were down more than 1% after the Bloomberg report.
