Biden’s farewell to China’s tech sector: A new type of forbidden chip: WSJ reports the US has restricted the export of memory chips used in AI applications, but a delayed announcement gave Chinese companies a chance to stock up.

Biden targets China’s chip industry with wider trade bans: NYT reports new rules prohibit the sale of certain types of chips and equipment to China, in an effort to close loopholes and cement the Biden administration’s legacy in countering the US rival.

US hits China’s chip industry with new export controls: FT reports parting measures by Biden administration aim to slow Beijing’s development of AI with military applications.

Bloomberg: US tightens curbs on China’s access to AI memory and chips tools

+ New rules affect 27 types of chip design and fabrication tools

+ US to sanction 140 Chinese entities; curb US, foreign-made HBM

How Ukraine uses cheap AI-guided drones to deadly effect against Russia: Ukraine is making tens of thousands of them. Economist

Biden’s economic legacy tied to fate of his industrial policies: Companies have committed nearly $400bn since he signed flagship legislation. But will it last? FT

Amazon Web Services CEO promises ‘needle-moving’ AI updates: WSJ reports as the cloud-computing leader kicks off its re:Invent conference, Chief Executive Matt Garman says there is no end in sight to the artificial intelligence race.

WSJ: AI ads can look weird. Brands like Coca-Cola are making them anyway.

OpenAI explores advertising as it steps up revenue drive: ChatGPT maker hires advertising talent from big tech rivals. FT

OpenAI targets 1bn users in next phase of growth: FT reports ChatGPT-maker aims for big boost from new AI products, Apple partnership and infrastructure investment.

Bloomberg: Intel CEO Gelsinger leaves as chipmaker’s turnaround flounders

+ Company’s CFO and product CEO to serve as interim leaders

+ Once industry leader, Intel has struggled in shift toward AI

Intel announces retirement of CEO Pat Gelsinger: BusinessWire reports David Zinsner and Michelle Johnston Holthaus named interim Co-CEOs. Holthaus also appointed to the newly created position of CEO of Intel Products. Frank Yeary named interim executive chair.

MicroStrategy bought another $1.5 billion in Bitcoin, the fourth consecutive weekly purchase announced by the crypto hedge fund proxy.

Enjoy the ride + plan accordingly.

-Marc