Nvidia pushes back on Biden admin's 'misguided' AI order
Published On Jan 14, 2025, 1:01 PM
Nvidia has expressed strong opposition to a new AI executive order from the Biden administration, which aims to control the export of U.S.-developed AI technologies to rival countries. Nvidia's Vice President criticized the order as 'misguided' and detrimental to global AI progress, arguing it stifles innovation and highlights a bureaucratic overreach. The rule prioritizes security concerns by allowing exports only to certain allied nations while restricting sales to nations deemed security threats, like China. Nvidia asserts that these rules will not enhance U.S. security and may ultimately undermine the country's technological leadership.
Stock Forecasts
NVDA
Negative
Nvidia's opposition to the AI order reflects a significant concern that regulations might hinder their business, particularly in international markets. As the largest supplier of high-end chips, changes in market dynamics can impact their sales and stock performance.
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