U.S. finalizing rule to block China’s remote AI chip access- The Information

What happened: The Commerce Department is preparing to finalize a rule to stop Chinese AI companies from remotely accessing advanced AI chips through data centers in other countries, The Information reported, citing two people familiar with the matter. Why it matters: The measure expands current semiconductor controls and aims to prevent remote access and chip smuggling into China. Tencent, Alibaba and Bytedance hold offshore data center deals for Nvidia's top chips, and such deals face growing scrutiny. Market: -1.5% today ($403.60), -34.5% YTD, 0.4x vol — as of 04:38 UTC

The Commerce Department is preparing to finalize a rule to stop Chinese AI companies from remotely accessing advanced AI chips through data centers in other countries, The Information reported, citing two people familiar with the matter.

The measure expands current semiconductor controls and aims to prevent remote access and chip smuggling into China. Tencent, Alibaba and Bytedance hold offshore data center deals for Nvidia's top chips, and such deals face growing scrutiny. Market: -1.5% today ($403.60), -34.5% YTD, 0.4x vol — as of 04:38 UTC