Biden looks to limit AI product exports, tech leaders say they'll lose global market share
Fox News
Tech leaders are urging Biden not to finalize a new rule that will add export controls on AI, citing concerns it is overbroad and could diminish the U.S. dominance in that sector.
"A rule of this nature would cede the global market to U.S. competitors who will be eager to fill the untapped demand created by placing arbitrary constraints on U.S. companies' ability to sell basic computing systems overseas," stated a Monday letter from Jason Oxman, the president and CEO of the Information Technology Industry Council (ITI), sent to Commerce Department Secretary Gina Raimondo. "Should the U.S. lose its advantage in the global AI ecosystem, it will be difficult, if not impossible, to regain in the future."
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Tech leaders are urging Biden not to finalize a new rule that will add export controls on AI, citing concerns it is overbroad and could diminish the U.S. dominance in that sector.
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