Bitcoin price today: dips below $112k, near 6-wk low despite Fed cut bets
Investing.com -- Two members of the U.S. Congress, Republican John Moolenaar and Democrat Raja Krishnamoorthi, are urging President Donald Trump’s administration to consider placing restrictions on the export of artificial intelligence (AI) chips manufactured by Nvidia (NASDAQ:NVDA). The lawmakers claim that Chinese AI company DeepSeek has been heavily dependent on these chips.
Moolenaar and Krishnamoorthi, who head up the House Select Committee on China, suggested this action as part of a review led by the Commerce and State Department. This review, ordered by Trump, is aimed at scrutinizing the U.S. export control system due to "developments involving strategic adversaries."
In a letter sent to National Security Advisor Michael Waltz last Wednesday, the congress members requested that the potential national security benefits of controlling the export of Nvidia’s H20 chip and others of similar sophistication be considered during the review process.
The legislators alleged in the letter, which was made public on Thursday, that DeepSeek extensively used Nvidia’s H20 chip for their recently launched sophisticated AI model. As of now, this particular chip does not fall within the jurisdiction of U.S. export controls.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.