On December 3 (local time), Jensen Huang, the CEO of NVIDIA, sat down with U.S. President Trump to deliberate on chip export restrictions. Earlier, U.S. lawmakers had been weighing a proposal known as the “Guaranteeing American Innovation and National Security Access to AI Act” (GAIN AI Act). This act would mandate that chipmakers, such as NVIDIA, give precedence to fulfilling domestic U.S. demand before exporting advanced AI chips to specific countries.

Huang voiced his support for export controls, stressing the imperative to guarantee that U.S. companies can access the finest, most plentiful, and state-of-the-art technologies. Additionally, he took aim at the disjointed approach to AI regulation across different U.S. states. He contended that such a piecemeal regulatory landscape could result in industry stagnation and pose risks to national security. Consequently, he called for the establishment of a federal-level AI regulatory framework.

According to individuals with knowledge of the situation, the GAIN AI Act is not anticipated to be incorporated into this year's National Defense Authorization Act.