Trump administration will rescind Biden-era AI chip export curbs, Bloomberg News reports

FILE PHOTO: Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File Photo

(Reuters) -U.S. President Donald Trump's administration plans to rescind Biden-era AI chip curbs, which set restrictions on the export of advanced AI chips, Bloomberg News reported on Wednesday.

(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Anil D'Silva)