U.S. cracks down on AI chip export to China - Dataconomy

Nvidia Corp, a chip designer, said on Wednesday that U.S. officials had told it to stop exporting two top AI chips for artificial intelligence work to China, a move that could cripple Chinese firms' ability to perform advanced work such as image recognition and harm Nvidia's business in the country, Reuters reports. The statement marks a significant increase in the United States' crackdown on China's technical capabilities as tensions rise over the destiny of Taiwan, where AI chips for Nvidia and nearly every other major semiconductor business are built. The embargo, which affects its A100 and H100 chips meant to accelerate machine learning operations, might impede the completion of the H100, the business's flagship AI chip launched this year, according to the company. Advanced Micro Devices, Inc. (AMD) shares declined 3.7% after hours. According to an AMD spokeswoman, the company has received new licensing requirements to prevent its MI250 artificial intelligence processors from being transported to China.