<ul><li>The Trump administration plans to overhaul regulations limiting AI chip exports, set by Biden administration.</li><li>Nvidia Corp., Microsoft Corp., and Oracle Corp. criticized the regulations, claiming they would hinder business without achieving the goal of restricting China.</li><li>The Commerce Department spokesperson announced the replacement of the rule with a simpler one to boost American innovation and dominance in AI.</li><li>The new approach may involve individual agreements with nations and a global licensing regime, with potential trade talks to allow countries to negotiate chip restrictions for better tariffs.</li></ul>

After backlash, US scraps Biden administration’s curb on AI chip exports

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