Odaily reported that a technology industry organization on Tuesday urged the Biden administration not to issue regulations restricting global access to artificial intelligence (AI) chips as the president's term nears its end, warning that such restrictions would jeopardize the US's leadership in the AI field. The Information Technology Industry Council, representing companies like Amazon (AMZN.O), Microsoft and Meta, said the regulation would impose arbitrary restrictions on the ability of US businesses to sell computing systems overseas, and hand the global market to competitors. The regulation could be issued as early as this Friday. In a letter to US Commerce Secretary Raimondo, the council's CEO Jason Oxman criticized the US government for "insisting" on issuing the rule in the final days of Biden's term.