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Following extensive lobbying efforts by Nvidia, the US government has reversed course on proposed restrictions regarding the export of advanced AI chips. The Department of Commerce (DOC) has rescinded the Artificial Intelligence Diffusion Rule, which Nvidia had previously deemed ‘misguided.’ This decision comes shortly after Nvidia CEO Jensen Huang’s participation in a US-Saudi investment summit, where he reportedly sought AI investments for American companies, accompanied by former President Trump. Simultaneously, the DOC issued warnings to companies considering the use of Huawei’s Ascend AI chipset, citing potential violations of US export control agreements. This shift underscores the significant geopolitical implications and strategic value of AI chip technology in the global landscape, highlighting Nvidia’s considerable influence on US policy.