Biden administration announces new rules to govern AI's global spread

As it embarks on its final week, the Biden administration has announced sweeping new rules to control the export of US-made advanced AI chips. The new curbs are not just aimed at China, Russia, Iran and North Korea, but at most of the world – with the exception of just 18 of the US's closest allies. Plus, global oil prices continue to rise and shipping data shows dozens of tankers have dropped anchor, following the latest round of US sanctions targeting Russia's shadow fleet.