Give it a year and a 10x more efficient algorithm, and we'll have GPT4 on our personal devices and there's nothing that any government regulator will be able to do to stop that.
So yes it is quite comparable to the export restrictions of the 90s.
But since Microsoft is involved and we are all of course thinking about Windows vs Linux, I think another good comparison is the worst assumption Microsoft made in the 90s: “we know what an operating system is and what it is for.”