CoinVoice has learned that a technology industry organization urged the Biden administration on Tuesday not to issue regulations restricting global access to artificial intelligence (AI) chips as the president's term is coming to an end, warning that such restrictions would jeopardize the United States' leadership in the AI field.

The Information Technology Industry Council, representing companies like Amazon (AMZN.O), Microsoft, and Meta, stated that this regulation would impose arbitrary restrictions on the ability of U.S. companies to sell computing systems overseas and would hand the global market over to competitors. The regulation could be announced as early as Friday. In a letter to U.S. Secretary of Commerce Gina Raimondo, the council's CEO Jason Oxman criticized the U.S. government for “insisting” on issuing the rule in the last days of Biden's term. (Jinshi) [Original link]