Nvidia on Thursday criticized a reported plan by the Joe Biden administration to impose new restrictions on AI chip exports, saying that the outgoing U.S. leader should not "preempt incoming President Trump" by enacting a last-minute policy.

Nvidia Corp. criticized new chip export restrictions that are expected to be announced soon, saying the White House was trying to undercut the incoming Trump administration by imposing last-minute rules.

KEY TAKEAWAYS In its last days in the White House, the Biden administration reportedly is planning new regulations that could be announced as soon as Friday to further limit the export of artificial intelligence (AI) chips by companies like Nvidia.

The ruling: Eastern District of Kentucky Court Chief Judge Danny Reeves in an order Thursday said the regulation on Title IX, the federal law that bars sex-based discrimination, is unlawful. He said the rule is “arbitrary and capricious” and violates the spending clause and the First Amendment, among other issues.

A federal judge in Kentucky vacated the regulations, which bolstered the rights of victims of sexual misconduct and LGBTQ+ students.