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US Closes China AI Chip Loophole: NVIDIA and AMD Hit by New Export Guidance

US Closes China AI Chip Loophole: NVIDIA and AMD Hit by New Export Guidance

The Commerce Department's May 31 guidance closes the overseas subsidiary workaround that allowed Chinese companies to procure NVIDIA and AMD's most advanced AI chips. NVIDIA derived over 20% of its compute revenue from China through intermediary channels -- that channel is now closed.

Financial Express / Commerce Department
AI chipschina
Illinois mandates independent safety audits for frontier AI models
Technology

Illinois mandates independent safety audits for frontier AI models

Illinois has passed SB 315, requiring the largest AI developers to submit to annual third-party safety audits — making it the first US state to enforce such oversight after federal regulation stalled.

Capitol News Illinois
Artificial Intelligenceai regulation