Description: The US has raised restrictions on AI technology exports in an attempt to further curb China’s access to high level technology. New rules on exportation would enable wider control over exports and imports with several exclusions for allied countries to the US. Several companies such as OpenAI and Nvidia have stated that new restrictions and raised control would put the US in an advantageous position in the industrial race, it would do nothing to enhance security and economic benefits.
Impact: With the US – China trade war around the corner after Donald Trump assumes office, new legislature such as this could potentially put the US at the forefront of access to cutting edge technologies. With the expected raised tariffs towards China by the Trump administration, China could leverage its omnipresence in emerging technological markets to counter US trade moves. AI technology companies would play a crucial role in influencing access and technology trade in future endeavors of state actors to achieve market dominance.