Landsberg Bennett Private Wealth Management CIO Michael Landsberg discusses his investment exposure to AI on Making Money.
Tech giant Nvidia is pushing back against a new executive order from the Biden administration that prevents artificial intelligence (AI) technology developed in the United States from falling into the hands of hostile countries.
The White House announced new AI rules on Monday. The rules are intended to encourage the “spread” of U.S.-made AI technology to allies, while also placing limits on the sale of advanced chips to foreign countries that could pose a national security risk. .
Commerce Secretary Gina Raimondo said, “This policy will help build a trusted technology ecosystem around the world that protects us from national security risks associated with AI, while ensuring innovation through controls.” “This will ensure that U.S. technological leadership is not undermined.” “Managing these very real national security risks requires consideration of advances in AI technology, adversary capabilities, and allies' desire to share the benefits of this technology.”
Ned Finkle, Nvidia's vice president of government affairs, said in a post on the company's website that the Biden administration's actions are jeopardizing global progress in AI, and that the “unprecedented and incorrect” AI adoption rules will “innovate.” “There is a risk that this will hinder economic growth.” all over the world. ”
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President Biden's administration finalized new AI rules in its final week in office. (Ron Sacks/Getty Images)
“This widespread overreach would impose bureaucratic controls over how America's leading semiconductors, computers, systems, and even software are designed and sold globally. “The Biden administration's new rules threaten to undermine America's hard-won technological advantage by attempting to rig competition and stifle the competition that is the lifeblood of innovation,” Finkle wrote. Ta.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 133.23 | -2.68 |
-1.97% |
He said the rules “hidden the label of 'anti-China' measures, but these rules do nothing to strengthen U.S. security. “It will manage technology from around the world, including technology already widely used in PCs.” And consumer hardware too. ”
“This rule cannot be enforced for 120 days, but it is already harming U.S. interests. As the first Trump administration proved, America wins by innovating, competing, and sharing technology with the world. rather than retreating behind walls of tyranny,” Finkle wrote. “We look forward to a return to policies that strengthen American leadership, strengthen our economy, and maintain our competitiveness in AI and other areas.”
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Nvidia is a major seller of high-end chips, but is facing headwinds due to restrictions on sales to countries such as China. (Photographer: Lauren Elliott/Bloomberg via Getty Images/Getty Images)
The Biden administration's AI dissemination rules create exceptions for exports of advanced AI chips to 18 key U.S. allies and partners that have technology protection regimes and are consistent with U.S. national security and foreign policy interests. are. This exception allows you to make seamless large purchases.
Orders for chips with collective computing power of up to about 1,700 advanced GPUs do not require a license and do not count against the national chip cap, according to the White House. According to the White House, most tip orders fall into this category.
The rule provides “universally authorized end user” status to companies that meet security and trust standards and are headquartered in close U.S. allies, allowing up to 7% of the world's AI computing power to be located overseas. do. It also creates a “National Verified End User” designation for companies headquartered outside of countries of concern that access up to 320,000 advanced GPUs over a two-year period.
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It will also continue to restrict the export of advanced AI chips to countries of concern, while continuing to allow access to general-purpose applications and restricting the transfer of AI chips to untrusted parties.
