Trump wants to make changes to Biden's CHIPS act. Here’s what that could mean for AI growth and consumers

Trump wants to make changes to Biden's CHIPS act. Here’s what that could mean for AI growth and consumers

Trump's threats to alter federal government contracts with chipmakers and slap new tariffs on the industry may put new speed bumps in front of tech.

Donald Trump targets Biden-era AI export limits in upcoming policy changes

US President Donald Trump will lift a series of restrictions from his predecessor Joe Biden's era aimed at preventing advanced technology from getting into the hands of foreign adversaries, but it has been criticized by tech giants. The move could have a far-reaching impact on the global distribution of key artificial intelligence (AI) chips, as well as which firms profit from the new technology and America's position as a world leader in artifi…