The US Commerce Department has pulled a draft regulation that would have restricted exports of artificial intelligence chips to anywhere in the world without US approval, according to an electronic notification posted on a government website.
The Office of Management and Budget’s website changed on Friday to say that an interagency review process for the rule had concluded and that the measure had been withdrawn, without providing other details.
A Trump administration official said late Friday that the now-withdrawn rule was a draft and that any discussions regarding the proposal were preliminary. Reuters reported on the withdrawal earlier Friday.
The ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.
