Leaders in the tech industry are urging the Biden administration not to implement a new regulation that would limit artificial intelligence (AI) exports. They argue that the proposed rule may be overly broad and could potentially weaken the United States’ competitive edge in the global AI landscape.
The upcoming rule, which industry leaders believe may be announced this week, aims to bolster U.S. economic and national security by imposing restrictions on the global deployment of U.S.-made AI products. Jason Oxman, president and CEO of the Information Technology Industry Council, stated in a letter to Commerce Secretary Gina Raimondo, ‘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.’
The move to impose new export controls on artificial intelligence originated in October 2022 when the U.S. Commerce Department released an updated framework aimed at curbing the advancement of Chinese military capabilities.
Ken Glueck, executive vice president at Oracle, criticized the proposed regulations as ‘a highly complex and wildly overbroad attempt to regulate Artificial Intelligence and GPUs in the name of national security.’ He noted, ‘For over half a century, bipartisan consensus has held that the best way to achieve U.S. technological leadership is to regulate technology with a light touch.’
Concerns have also been raised that restricting American AI manufacturers from selling their products abroad could inadvertently benefit China by providing them an opportunity to capture the market.
Critics of the regulation have highlighted the rushed deployment of the proposed rules, arguing that the need for industry consultation has been overlooked in the haste to finalize it. The Semiconductor Industry Association stated, ‘We respectfully caution against making such a swift and significant shift in policy during this transitional period, and without meaningful consultation with industry.’
As the Biden administration nears the conclusion of its term, there is uncertainty regarding how the incoming administration might approach this issue and whether new trade deals will be considered to leverage export controls.
Fox News Digital reached out to the White House for comments but did not receive a response by publication time.
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