U.S. denies report of sweeping AI chip export controls [Yahoo! Finance]
Advanced Micro Devices, Inc. (AMD)
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Source: Yahoo! Finance
This article first appeared on GuruFocus A report suggesting the U.S. government could impose sweeping new controls on exports of advanced AI chips quickly drew a firm denial from Washington. The U.S. Commerce Department said Thursday it has no plans to revive rules resembling the Biden administration's AI diffusion framework , pushing back on a Bloomberg report that claimed officials were drafting regulations to expand export restrictions globally. Warning! GuruFocus has detected 5 Warning Signs with AMD. Is AMD fairly valued? Test your thesis with our free DCF calculator. A Commerce spokesperson said the earlier rule was burdensome, overreaching, and disastrous, adding that the department's focus remains on supporting secure exports of the American technology stack rather than tightening broad restrictions. The report had suggested U.S. officials were considering a system that would require companies to obtain government approval before exporting high-end AI accelerator
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