The US Commerce Department formally rescinds the Biden-era AI Diffusion Rule, which would have limited US AI chip exports and taken effect on May 13 (Rebecca Szkutak/TechCrunch)

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Rebecca Szkutak / TechCrunch:
The US Commerce Department formally rescinds the Biden-era AI Diffusion Rule, which would have limited US AI chip exports and taken effect on May 13  —  After a week or so of rumors, the U.S. Department of Commerce (DOC) formally rescinded the Biden Administration's Artificial Intelligence Diffusion Rule days …

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