Business EconomyPosted at: Sep 6 2025 6:47PM


Nvidia raises concern over GAIN AI Act, counters the legislation as anti-competitive

New Delhi, Sep 6 (UNI) Leading AI chipmaker Nvidia has raised strong concern over the GAIN AI Act, warning that the proposed law would restrict global competition for advanced processors and hurt industries worldwide that depend on cutting-edge computing power.
The Guaranteeing Access and Innovation for National Artificial Intelligence Act (GAIN) AI Act, recently introduced seeks to ensure that American buyers, including startups, universities, and small businesses, get priority access to advanced AI chips before they are exported overseas.
The legislation also proposes licensing requirements for shipments of high-performance chips above a certain processing threshold, effectively tightening controls on who gets access to the world’s most powerful AI hardware.
Nvidia, which dominates the market for AI chips, pushed back firmly against the proposal. An official spokesperson today said, “We never deprive American customers in order to serve the rest of the world. In trying to solve a problem that doesn’t exist, the proposed bill would restrict competition worldwide in any industry that uses mainstream computing chips.”
However, this Act has found strong backing from Americans for Responsible Innovation (ARI), a think tank founded by former Congressman Brad Carson and tech entrepreneur Eric Gastfriend.
Defending the proposal, ARI President Brad Carson said, “Advanced AI chips are the jet engine that’s going to enable the U.S. AI industry to lead for the next decade. Globally, these chips are currently supply-constrained, which means that every advanced chip sold abroad is a chip the U.S. can’t use to accelerate American R&D. As we compete to lead on this dual-use technology, including the GAIN AI Act in the NDAA would be a major win for U.S. competitiveness and national security.”
The debate underscores the growing tension between economic competition and national security. On one side, Nvidia and other chipmakers fear restrictions will erode U.S. leadership by cutting them off from lucrative overseas markets.
On the other hand, lawmakers and policy groups insist that limiting exports is the only way to guarantee that America has the tools it needs to maintain its edge in AI research and defense applications.
The National Defence Authorisation Act (NDAA) is a US federal law that sets policy and budget for a specific policy year. It authorises appropriations for the Department of Defense (DOD), nuclear weapons programs of the Department of Energy, and other defence related activities.
UNI SAS RB 1847
Please log in to get detailed story.
Tags: #Nvidia raises concern over GAIN AI Act# counters the legislation as anti-competitive
More News

Revanth Reddy announces land for FICCI, reaffirms push for women-led entrepreneurship

18 Jul 2026 | 6:58 PM

Hyderabad, July 18 (UNI) Telangana Chief Minister A Revanth Reddy on Saturday reiterated his government's commitment to women-led development, announcing the allocation of 1,000 square yards of land near Shilparamam in Hitech City for the Federation of Indian Chambers of Commerce and Industry (FICCI) to establish its headquarters and one acre in Bharat Future City to make the organisation a partner in the State's flagship development project.

see more..

Kotak dismisses margin pressure concerns after 26 pc Q1 profit jump

18 Jul 2026 | 5:43 PM

Mumbai, July 18 (UNI) Kotak Mahindra Bank on Saturday sought to allay investor concerns over the quality of its June-quarter earnings after reporting a 26 per cent rise in standalone net profit to ₹4,123 crore, saying its net interest margins (NIM) had stabilised following the Reserve Bank of India's repo rate cycle and that earnings were driven by underlying operating strength rather than merely lower provisioning.

see more..

Kotak Mahindra Bank Q1 profit rises 26 pc as NPAs fall

18 Jul 2026 | 4:17 PM

Mumbai, July 18 (UNI) Kotak Mahindra Bank reported a strong start to the financial year with a 26 per cent jump in standalone net profit to ₹4,123 crore in the first quarter of FY27, supported by robust credit growth, higher deposits and a sharp improvement in asset quality.

see more..

India Inc’s spending on CSR hits Rs 40,794 cr in FY2024-25: Report

18 Jul 2026 | 4:05 PM

New Delhi, Jul 18 (UNI) India Inc's spending on Corporate Social Responsibility (CSR) touched a record high of Rs 40,794 crore in FY2024-25, registering a 17pc year-on-year increase, as companies continued to expand investments in education, healthcare and sustainability, according to the Bharat CSR Performance Report 2026 released by consulting and research firm Fulcrum.

see more..

Hesitation biggest obstacle to business success, Sitharaman urges young entrepreneurs to take risks

18 Jul 2026 | 3:46 PM

New Delhi, Jul 18 (UNI) Finance Minister Nirmala Sitharaman on Saturday called upon India's young entrepreneurs to overcome their fear of taking risks, saying the biggest obstacle to business success today is not geography or lack of opportunity, but hesitation.

see more..