The Trump administration on Thursday plans to launch a new program to entice foreign firms to buy U.S. ‌AI tools with billions in export financing, according to a document seen by ‌Reuters, as it seeks to beat China in the race to expand worldwide use of its technology. The U.S. Export-Import ​Bank (EXIM) is expected to approve the plan later on Thursday to provide financing for foreign purchases of American artificial intelligence tools, according to a one-page description of the program obtained by Reuters. Under the program, which follows through on an executive order signed by President Donald Trump last July, the Commerce ‌Department would have to sign ⁠off on specific licenses for sensitive AI technologies such as advanced chips like those made by Nvidia before financing deals could be inked.