The Trump administration plans to scrap a rule by the Biden administration limiting AI chip exports to many countries.
The original Biden rule aimed to protect the US lead in AI, imposing licensing requirements except for top allies.
Trump officials see the Biden law as unenforceable and intend to overhaul it for US technology to flourish while preventing adversaries' access.
Nvidia faced restrictions due to the AI export controls; now, the Trump administration plans to redraft the rule to benefit US technology and job creation.