Biden may cap exports of AI chips to some countries, Bloomberg reports

U.S. officials are weighing a cap on AI chip sales from Nvidia (NVDA) and AMD (AMD) to certain countries, in the interest of national security, Bloomberg’s Mackenzie Hawkins reports, citing people familiar with the matter. The focus is on Persian Gulf countries that have a growing appetite for data centers, according to the people, who add that deliberations are in early stages and remain fluid.