June 2 (Reuters) - U.S. President Donald Trump signed an AI-related executive order aimed at promoting advanced artificial intelligence innovation and security, the White House said on Tuesday. Trump's order directs federal agencies to develop cybersecurity standards for advanced AI models,

President Trump signed a narrowed executive order on artificial intelligence and cybersecurity Tuesday. Why it matters: The new order lets the White House kick the can down the road while they consider new rules for cutting-edge AI models and what to do about AI's advanced cybersecurity capabilities.

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: Section 1.  Purpose.

The much-anticipated presidential order signals a change for an administration that has resisted regulation of artificial intelligence (AI). But much more work is needed to create an effective cybersecurity network for the country as AI developments rapidly expand.

Trump's executive order creates a voluntary framework for reviewing advanced AI models, expands AI-powered cybersecurity efforts, and more.

Nvidia has launched a new AI superchip aimed at transforming personal computers, promising advanced functionalities for upcoming laptop and desktop models from major brands, including Microsoft and Dell.

The Department of Commerce guidance appears to close a loophole by making clear that exports to China-headquartered companies outside China still require licenses. An expert said the ambiguity surrounding enforcement might have

The BIS just issued a clarification that Chinese-owned subsidiaries are included in U.S. export controls, even if they're based outside of China. However, one source said that some companies have been using this loophole to acquire AI chips that estimated to be in the hundreds of thousands.