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CNN reports:

Nvidia’s chief financial officer warned Wednesday that if the United States imposes new restrictions on the export of AI chips to China, it would result in a “permanent loss of opportunities” for US industry.

But the executive, Colette Kress, said she didn’t anticipate any “immediate material impact” on the technology company if the curbs are introduced.

US officials plan to tighten export curbs announced in October to restrict the sale of some artificial-intelligence chips to China, according to multiple media reports, including the Wall Street Journal and Financial Times. Washington has ramped up efforts to cut China off from key technologies that can support its military…

The full report is here.

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