Industry executives contend the plan would limit access for existing chips used in video games and which companies could build data centers abroad.

New rules aim to keep advanced technology out of China and to ensure that cutting-edge artificial intelligence is developed by the United States and its allies.

The Biden administration is set to announce a new rule to regulate the export of advanced AI chips, aiming to restrict access for nations like China while trading with 18 key allies and partners.

As President Joe Biden’s administration nears the end of its term, it rolled out nearly $4.23 billion in additional student loan discharges Monday.

In the waning days of Joe Biden’s presidency, his administration announced on Monday that it will provide student debt relief to 150,000 borrowers. Almost 85,000 attended schools that defrauded their students;

President Joe Biden said on Monday his administration would cancel student loans for more than 150,000 borrowers, targeting those who attended schools that defrauded students, those with permanent disabilities and public service workers.