Nvidia says 'We never deprive American customers in order to serve the rest of the world' — company says GAIN AI Act addresses a problem that doesn't exist

Nvidia responded to the proposed GAIN AI Act, stating that the U.S. remains its primary market and that no regulations are needed to prioritize American customers. The bill aims to restrict the export of advanced AI GPUs to certain countries, particularly China. It sets technical thresholds for classifying chips as 'advanced' and enforces strict export licensing conditions. Nvidia argues that the bill could hinder global competition and impact American leadership and the economy. The legislation could formalize limitations on transactions involving AI GPUs in the future.