US BLACKLISTS SAM ALTMAN OLD Y COMBINATOR CHINA PICK OVER STARTUP BUILT ON STOLEN GOOGLE AI SECRETS

What happened: The State Department blacklisted Shanghai Zhisuan Technology, the AI startup founded by convicted ex-Google engineer Linwei Ding, along with MiraclePlus, the Chinese venture firm founded by ex-Microsoft AI scientist Lu Qi, and three MiraclePlus-managed funds, for providing seed financing to Zhisuan. Key numbers: Penalties were imposed under the Protecting American Intellectual Property Act (PAIPA), Why it matters: The measures may include freezing US assets and banking restrictions. MiraclePlus denies investing in Zhisuan and says it is in talks to have the sanctions lifted.

The State Department blacklisted Shanghai Zhisuan Technology, the AI startup founded by convicted ex-Google engineer Linwei Ding, along with MiraclePlus, the Chinese venture firm founded by ex-Microsoft AI scientist Lu Qi, and three MiraclePlus-managed funds, for providing seed financing to Zhisuan.

The measures may include freezing US assets and banking restrictions. MiraclePlus denies investing in Zhisuan and says it is in talks to have the sanctions lifted.