Nvidia thought it found a way around U.S. export bans of AI chips to China—now Biden is closing the loophole
Posted on AllSides October 18th, 2023
From The Center
Jensen Huang, the billionaire co-founder and CEO of Nvidia, faced a financial conundrum last November. U.S. government export controls on advanced semiconductors threatened to cost his chip company hundreds of millions in revenue. His solution was a clever tweak to his flagship AI processors, Ampere A100 and next-gen Hopper H100, followed by a fresh label for the Chinese market. Problem solved, right? Now the Biden administration wants to put a stop to the AI gravy train that rocketed Nvidia’s market cap into the $1 trillion stratosphere, since it might inadvertently...
Some content from this outlet may be limited or behind a paywall.
