WSJ Tech News Briefing
TNB Tech Minute: U.S. to Rescind AI Chip Export Rule
May 7, 2025
Exciting changes are on the horizon as the U.S. plans to revamp AI chip export controls, a move that could ease concerns for companies like NVIDIA. In financial news, Uber celebrates a surprising profit turnaround, showcasing its resilience in a competitive market. Meanwhile, Cisco is breaking new ground with the unveiling of a cutting-edge quantum chip, set to enhance connectivity and revolutionize tech. Dive into these pivotal moments shaping the future!
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Quick takeaways
- The U.S. government plans to rescind AI chip export controls, addressing industry concerns and allowing companies like NVIDIA greater market access.
- Uber reported a significant profit of $1.78 billion for Q1, reflecting strong demand and a notable recovery from previous losses despite falling short of revenue expectations.
Deep dives
AI Chip Export Control Overhaul
The Trump administration plans to revise its export controls on artificial intelligence chips due to industry criticism. A previously scheduled rule limiting access to AI chips for various countries, including India and Switzerland, was set to come into effect on May 15th but will be rescinded. This change is expected to ease restrictions for companies like NVIDIA, allowing them to access broader international markets. The decision reflects a response to the concerns raised by the tech industry regarding trade limitations.
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