The United States Government is preparing to implement new measures to restrict China's access to advanced semiconductors and chip making equipment. According to a Bloomberg report, the new restrictions, published early this week, will aim to refine and close the loopholes from last year's curbs.

Biden administration plans to strengthen the restrictions on selling graphic chips of AI and advanced chip making equipment to Chinese companies. The new rules will continue to restrict shipping certain key chips to Chinese companies, their overseas subsidiaries and affiliates. They will also now require a license for exporting prohibited technology to countries that could be used as intermediaries.

Biden administration has also agreed to tech companies' demand for lesser blanket restrictions, with many tech leaders wanting to sell into the world's chip market. The new rules will allow companies to ship all chipsets except the powerful graphic chips used for gaming PCs. The companies must notify the US government before they export certain consumer chips to China. 

The United States is one of the countries that is working on AI regulations. Earlier this year, President Biden announced that AI companies, including OpenAI, Alphabet and Meta Platforms, have voluntarily committed to the White House to implement watermarking AI-generated content to help make the technology safer. 

Biden says these commitments are promising, but we have much more work to do together. 

At a White House event, Biden addressed growing concerns about the potential for artificial intelligence to be used for disruptive purposes, saying, "We must be clear-eyed and vigilant about the threats from emerging technologies" to U.S. democracy.