US withdraws draft rule that restricts global AI chip exports

The US government has withdrawn a draft rule that would have tightened its control on the export of advanced artificial intelligence (AI) chips. The move marks a step back from an earlier proposal that sought to require the government’s approval for the export of high-end processors.The planned regulation was seen as the biggest attempt by US President Donald Trump to outline a strategy governing the export of advanced AI processors. Earlier, Trump had discarded the regulatory framework put in place by former President Joe Biden.The draft rules were seen as a part of the broader US campaign to restrict China’s access to cutting-edge semiconductor technology while preserving US leadership in AI. Is Trump restrictions failing completely ?