Biden administration officials have discussed capping sales of advanced AI chips from Nvidia Corp. and other American companies on a country-specific basis, people familiar with the matter said.Subscribe to the Bloomberg Daybreak podcast on Apple,

U.S. officials have discussed limiting sales of advanced AI chips from Nvidia and other American companies on a country-specific basis, Bloomberg News reported on Monday, citing people familiar with the matter.

Officials are reportedly in the early stages of discussions about restricting the export of high-performance AI processors from companies like Nvidia and AMD to Middle Eastern nations.