White House’s lobbying against the GAIN AI Act was reported by Bloomberg, citing people familiar with the matter. The act proposes that a company seeking a license to export advanced AI chips to China and other countries of concern first certify that American companies and startups have priority in acquiring those chips.
Trump’s backing of Huang and Nvidia is a no-brainer, given that the advanced, high-performance computing chips made by the company are used to power most of the AI applications, processes and systems. The president has also been using Nvidia’s AI processors as a bargaining chip in his negotiations with his major trading partners.
Nvidia opposed the bill in no uncertain terms. A company spokesperson reportedly said, “We never deprive American customers in order to serve the rest of the world. In trying to solve a problem that does not exist, the proposed bill would restrict competition worldwide in any industry that uses mainstream computing chips.”
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