Nvidia pushed back on the Biden administration's new executive order relating to overseas sales of advanced AI chips, saying it will undermine U.S. technological leadership.

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.

In its last days in the White House, the Biden administration reportedly is planning new regulations that could be announced as soon as Friday to further limit the export of artificial intelligence (AI) chips by companies like Nvidia.

A major semiconductor index was down on Monday after the stock of industry giants slipped following the announcement earlier in the day that the

Once reticent to get involved in policy debates, Nvidia issued a sharply-worded blog post criticizing Biden's sweeping new export restrictions on AI chips and other AI technology

Global data centers are filling up with GPUs and Nvidia has so far claimed an estimated 90% of that market share. Highly complex chips like GPUs are largely manufactured in Taiwan, but most of the companies that design them are based in the US and so their products are within the Department of Commerce's jurisdiction.

As the Biden administration heads into its final week, AI industry players are cozying up to the incoming president, likely in hopes that he’ll nix the restrictions. With only a week left in office, the Biden administration is still firing off proposed rules,

Nvidia has some harsh words for the outgoing Biden administration and high praise for the upcoming Trump administration concerning AI. The Latest Tech News, Delivered to Your Inbox

On Trump’s impending inauguration, Nvidia said Monday, “we look forward to a return to policies that strengthen American leadership, bolster our economy and preserve our competitive edge in AI and beyond.