US House panel advances bill to give Congress authority on AI chip exports

AI Summary
The US House Foreign Affairs Committee has advanced the "AI Overwatch Act," a bill granting Congress greater authority over AI chip exports. Introduced by Representative Brian Mast, the bill aims to give the House Foreign Affairs Committee and the Senate Banking Committee the power to review and potentially block licenses for exporting advanced AI chips to China and other adversarial nations. This action follows President Trump's approval of Nvidia AI chip shipments to China. The bill requires the Commerce Department to provide detailed applications ensuring the chips won't be used for military, intelligence, or surveillance purposes by these nations. The legislation, which still needs approval from the full House and Senate, is intended to prevent advanced AI technology from aiding potential adversaries in military advancements.
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