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The EU is near ratifying its AI Act, regulating how AI can be used commercially and by authorities entities, and in a broad-ranging government order, US President Joe Biden laid out oversight measures for AI growth. The acknowledged function of the restrictions is to disclaim China access to superior technology for AI, navy modernization and human rights abuses. But the chip trade struggle is wreaking havoc on the worldwide provide chain for any merchandise that use advanced chips as well as equipment used to make them, because the US pressures allies to impose restrictions on chip exports to China. A …
