"Under President Trump's direction, the Department of Commerce is launching a full-stack AI export promotion program to advance America's global leadership in AI," the press release reads. "The program will select industry-led export packages that will include AI hardware, software, models, and applications across industry sectors for promotion to countries and regions around the world." The initiative seeks to create a marketplace to match customers with American AI services and goods by focusing on goals to "increase exports, close deals, and advocacy and financing."
The U.S. government reversed its ban on Nvidia's H20 AI exports to China, allowing the company to file for export licenses, which prompted a 4% surge in stock.