New US rules blocking the export of most artificial intelligence chips to China will build upon a sweeping set of restrictions introduced in October 2022.
Nvidia makes sought-after AI chips like the H100, and the AI boom has proven to be profitable as its valuation has expanded beyond $1 trillion. Last year’s restrictions meant the US-based company couldn’t sell the H100 to China, so it introduced a lower-specced H800 that could get around the US’s rules — but with the new rules,…