AI chips bill favoring U.S. companies over Chinese competitors backed by former security officials

The “GAIN AI Act” -- a bill to ensure U.S. companies are ahead of Chinese competitors in the queue to purchase advanced artificial intelligence chips – is gaining momentum as Congress works to finalize its annual defense policy bill. The Guaranteeing Access and Innovation for National Artificial Intelligence Act was included in the Senate’s version of the National Defense Authorization Act, but not the House’s – though this week the chair and ranking member of the House Select Committee on...