Jensen Huang, the CEO of Nvidia, stated that the company hopes the current Trump administration will amend the regulations concerning the export of artificial intelligence technology from the United States, with the aim of enabling American companies to better leverage future opportunities in the evolving AI sector.
Huang explained, in remarks made on Wednesday according to a Bloomberg News report, that the administration is considering making adjustments to a regulation issued during President Biden's term, which significantly restricts access to advanced AI chips produced by American companies, including the potential elimination of the tiered system that determines how many chips different countries can receive.
The U.S. administration is looking to review and amend these regulations due to the significant changes that have occurred in the AI market globally. The new rules for the diffusion of AI technology are expected to come into effect on May 15, aimed primarily at reducing the use of the most powerful AI chips produced by companies like Nvidia, in order to ensure that advanced computing remains within the bounds of the United States and its close allies.
Despite these amendments, the White House and Nvidia did not immediately respond to media requests for comment. On another note, Huang previously expressed confidence in his company's ability to manufacture chips domestically within the United States using locally available resources, asserting that Nvidia is prepared to continue meeting market needs in this rapidly evolving sector.
In trading, Nvidia shares (NASDAQ: NVDA) recorded losses of 2.68% or $2.92 per share, trading close to levels of $106.10 during U.S. stock market transactions.
