US' new restrictions on AI chip exports aimed at China, Russia: Explained in 10 points

The Biden administration issued sweeping rules on Monday governing how A.I. chips and models can be shared with foreign countries. New rules aim to keep advanced technology out of China and to ensure that cutting-edge artificial intelligence is developed by the United States and its allies. The restrictions are being announced against a global backdrop of soaring demand for AI chips made by the likes of Nvidia, AMD and Intel.