https://www.taxtmi.com/news?id=43713 The Department of Commerce withdrew a rule that would have limited exports of advanced AI chips to a broad group of foreign markets without federal approval, concluding the requirements would hinder innovation and impose regulatory burdens. The rescission follows prior efforts to balance national security export controls with economic interests and closes a regulatory chapter while announcing plans to replace the rule with a framework focused on trade with trusted partners and preventing transfers to adversaries. en-us Wed, 14 May 2025 18:46:03 +0530 Wed, 14 May 2025 18:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=43713 The Department of Commerce withdrew a rule that would have limited exports of advanced AI chips to a broad group of foreign markets without federal approval, concluding the requirements would hinder innovation and impose regulatory burdens. The rescission follows prior efforts to balance national security export controls with economic interests and closes a regulatory chapter while announcing plans to replace the rule with a framework focused on trade with trusted partners and preventing transfers to adversaries. News - Wed, 14 May 2025 18:46:03 +0530 https://www.taxtmi.com/news?id=43713