• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

US Imposes Restrictions on Chinese Start-up Zhipu

user avatar

by Giorgi Kostiuk

3 months ago


The US has blacklisted the Chinese startup Zhipu as part of tightened trade restrictions in the final days of Joe Biden's administration.

New US Restrictions

Washington has included startup Zhipu on the trade restrictions blacklist, banning US suppliers from selling to the company without a license. This action coincides with new rules aimed at limiting the export of advanced chips to China.

Chinese Startup's Response

Zhipu, a developer of large language models, opposed the US decision, stating that the decision to add the company to the blacklist 'lacked factual basis'. A company representative also said this would not have a substantial impact on the business.

Being included in the Entity List will not have a substantial impact on the company’s business.Zhipu

Impact on Chinese Companies

Other Chinese firms have also been targeted by recent US sanctions, such as Tencent and chip designer Sophgo. Many companies and industry groups have expressed opposition to the restrictions, stating that they might undermine US leadership and competitiveness in the chip and AI sectors.

The US restrictions aim to slow down Chinese technological advancement in AI, sparking debates over the long-term consequences for both nations.

0

Share

Other news

XRP Declines While Mutuum Finance Captures Interest

XRP drops 5.83%. Mutuum Finance (MUTM) sees activity in its presale phase, attracting investor attention.

user avatarGiorgi Kostiuk

5 minutes ago

Binance Launches Second Stage of Vote to List Tokens

Binance invites users to decide which tokens will be added in its second round of voting.

user avatarGiorgi Kostiuk

5 minutes ago

Nasdaq and S&P 500 Futures Crash: What Does It Mean for Cryptocurrencies?

The sharp drop in Nasdaq and S&P 500 futures poses risks for the crypto market. Let's explore the possible impacts.

user avatarGiorgi Kostiuk

6 minutes ago

MAGACOINFINANCE: Growth, Support, and Potential

MAGACOINFINANCE gains momentum into the year 2025 with a raise of over $4.5 million.

user avatarGiorgi Kostiuk

12 minutes ago

Fidelity's Major Investment in Bitcoin: A Signal of Growing Confidence

Fidelity invested $118.8 million in Bitcoin, highlighting growing institutional demand and long-term confidence in cryptocurrency.

user avatarGiorgi Kostiuk

13 minutes ago

Binance Implements Measures to Protect Users Trading Volatile Altcoins

Binance strengthens monitoring of 10 volatile altcoins, introducing regular risk assessments for users.

user avatarGiorgi Kostiuk

14 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.