Is It Too Late to Slow China’s AI Development?

For a company worth nearly $3 trillion, facing an unexpected cost of a few billion dollars may sound relatively paltry. But U.S. chipmaker Nvidia’s announcement in a regulatory filing earlier this month that it expected to incur costs of up to $5.5 billion as a result of new U.S. export controls sent the company’s stock tumbling more than 6 percent the following day and caused a collective shiver throughout the semiconductor chip industry.