US adds Tencent-backed AI startup Zhipu to trade blacklist

The U.S. has added Zhipu, a Tencent-backed AI startup, to its trade-restrictions blacklist. This prevents U.S. suppliers from selling to Zhipu without a license. The decision is part of broader efforts to limit advanced technology access to China. Zhipu, valued at nearly $3 billion, focuses on developing large language models similar to OpenAI's ChatGPT. The company claims the U.S. decision lacks factual basis and will not significantly impact its business. This action follows recent restrictions on advanced AI chip exports to China. Tencent was also recently listed by the U.S. Defense Department for ties to the Chinese military.