Biden Administration to Update Rules on AI Chip Exports to China, Aiming to Stabilize Relations

The Biden administration is reportedly planning to update rules that restrict the export of AI chips and chipmaking tools to China. This policy decision aims to stabilize relations between the two superpowers. The US has warned Beijing of the upcoming changes, with the updated rules expected to be implemented as early as October. The move comes as part of efforts to curb the transfer of advanced technology to China. The restrictions on AI chip exports to China are currently under final review.