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Nvidia Says New Rule Will Weaken US Leadership in AI

The Nvidia logo is seen near computer motherboard in this illustration taken January 8, 2024. (Reuters)
The Nvidia logo is seen near computer motherboard in this illustration taken January 8, 2024. (Reuters)
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Nvidia Says New Rule Will Weaken US Leadership in AI

The Nvidia logo is seen near computer motherboard in this illustration taken January 8, 2024. (Reuters)
The Nvidia logo is seen near computer motherboard in this illustration taken January 8, 2024. (Reuters)

Nvidia on Monday criticized a new effort by the Biden administration to tighten Washington's grip on artificial intelligence chip flows around the world, saying the regulation would jeopardize current US leadership in AI.

The new rule, which is expected to be published as soon as Monday, "threatens to derail innovation and economic growth worldwide," and would "undermine America's leadership," Nvidia Vice President of Government Affairs Ned Finkle said in a statement.

Reuters reported last month on the US Commerce Department's plan for approving global AI chip exports while also preventing bad actors from accessing them. One aim of the restrictions is to keep AI from supercharging China's military capabilities.

Finkle argued America's leading role in AI would be hurt because the rule "would impose bureaucratic control over how America's leading semiconductors, computers, systems, and even software are designed and marketed globally."

The Santa Clara, California-based company also said the rule would not improve US national security and it would control technology that is already widely available in gaming and consumer hardware.

"Rather than mitigate any threat, the new Biden rules would only weaken America's global competitiveness, undermining the innovation that has kept the US ahead," Finkle said.

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TikTok Calls Report of Possible Sale to Musk's X 'Pure Fiction'

The TikTok logo is displayed outside the offices of the social media app's company offices in Culver City, California, on March 16, 2023. (AFP)
The TikTok logo is displayed outside the offices of the social media app's company offices in Culver City, California, on March 16, 2023. (AFP)
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TikTok Calls Report of Possible Sale to Musk's X 'Pure Fiction'

The TikTok logo is displayed outside the offices of the social media app's company offices in Culver City, California, on March 16, 2023. (AFP)
The TikTok logo is displayed outside the offices of the social media app's company offices in Culver City, California, on March 16, 2023. (AFP)

TikTok on Tuesday labeled as "pure fiction" a report that China is exploring a potential sale of the video-sharing platform's US operations to billionaire Elon Musk as the firm faces an American law requiring imminent Chinese divestment.

Citing anonymous people familiar with the matter, Bloomberg News had earlier reported that Chinese officials were considering selling the company's US operations to Musk's social media platform X.

The report outlined one scenario being discussed in Beijing where X would purchase TikTok from Chinese owner ByteDance and combine it with the platform formerly known as Twitter.

"We cannot be expected to comment on pure fiction," a TikTok spokesperson told AFP.

The report estimated the value of TikTok's US operations at between $40 billion and $50 billion.

Although Musk is currently ranked as the world's wealthiest person, Bloomberg said it was not clear how Musk could execute the transaction, or if he would need to sell other assets.

The US Congress passed a law last year that requires ByteDance to either sell its wildly popular platform or shut it down. It goes into effect on Sunday -- a day before President-elect Donald Trump takes office.

The US government alleges TikTok allows Beijing to collect data and spy on users and is a conduit to spread propaganda. China and ByteDance strongly deny the claims.

TikTok has challenged the law, taking an appeal all the way to the US Supreme Court, which heard oral arguments on Friday.

At the hearing, a majority of the conservative and liberal justices on the nine-member bench appeared skeptical of arguments by a lawyer for TikTok that forcing a sale was a violation of First Amendment free speech rights.

Bloomberg characterized Beijing's consideration of a possible Musk transaction as "still preliminary," noting that Chinese officials have yet to reach a consensus on how to proceed.

Musk is a close ally of Trump and is expected to play an influential role in Washington in the coming four years.

He also runs electric car company Tesla, which has a major factory in China and counts the country as one of the automaker's biggest markets.

Trump has repeatedly threatened to enact new tariffs on Chinese goods, which would expand a trade war begun in his first term and which was largely upheld, and in some cases supplemented, by outgoing President Joe Biden.