Former US president,  Joe Biden has announced strict rules to limit the export of AI chips. The goal of this restriction is to prevent countries like China

President Joe Biden’s administration plans one additional round of restrictions on the export of artificial intelligence chips from the likes of Nvidia Corp. just days before leaving office, a final push in his effort to keep advanced technologies out of the hands of China and Russia.

President Biden is reportedly about to add more chip export restrictions—and Nvidia isn't happy. "We would encourage President Biden to not preempt incoming President Trump by enacting a policy that will only harm the US economy,

Nvidia on Thursday criticized a reported plan by the Joe Biden administration to impose new restrictions on AI chip exports, saying that the outgoing U.S. leader should not "preempt incoming President Trump" by enacting a last-minute policy.

Nvidia Corp. criticized new chip export restrictions that are expected to be announced soon, saying the White House was trying to undercut the incoming Trump administration by imposing last-minute rules.

Tech leaders are urging Biden not to finalize a new rule that will add export controls on AI, citing concerns it is overbroad and could diminish the U.S. dominance in that sector.