Biden has restricted the export of AI processors to adversary countries, including China, and set quotas on supplies. Nvidia and the AI-token market are experiencing a downturn, losing up to 55 percent 📉

The Biden administration has updated export rules, restricting the supply of AI processors (GPUs) to "adversary" countries like China to 50,000 units without special permission. For 18 US allies, including the UK and Japan, these restrictions do not apply. Nvidia, the leading manufacturer of such chips, has been affected by the new regulations, stating that they could weaken global innovation competition. At the same time, the AI-token and cryptocurrency market is experiencing a downturn, with losses of up to 55 percent for most AI-coins.