Market Chatter: Trump Administration Working to Replace Biden-Era AI Export Rule With Slimmed-Down Version

09:24 AM EDT, 08/28/2026 (MT Newswires) -- The Department of Commerce's Bureau of Industry and Security is working on a slimmed-down replacement plan to the export controls on advanced AI chips that the Biden administration imposed to slow the technological progress of geopolitical rivals, The Information reported Friday, citing four people familiar with the matter. The new rule is expected to try to close a loophole through which Chinese AI firms can access advanced chips through data centers in other countries, the report said, citing two of the four people. The Commerce Department didn't immediately reply to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)