The “AI Diffusion Act,” which the Biden administration announced in January, would control how advanced AI chips are exported to other countries based on national security risk. Sources tell Bloomberg that the Trump administration is planning to rescind the act before it goes into effect on May 15th,

The Trump administration will scrap a looming Biden-era rule that would have restricted how American technology is exported overseas. Why it matters: The so-called AI diffusion rule was a top target for GOP senators,

The Trump administration plans to rescind Biden-era AI chip curbs as part of a broader effort to revise semiconductor trade restrictions that have drawn strong opposition from major tech companies and foreign governments,