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Benzinga
Benzinga
Business
Namrata Sen

Alibaba, ByteDance Join Regulatory Talks As Beijing Tightens Grip With Sweeping AI, Chip Export Curbs: Report

Alibaba BABA ByteDance Beijing Semiconductor Artificial Intelligence China Mofcom United States
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Beijing regulators are reportedly mulling more stringent export controls on artificial intelligence (AI) and semiconductor technologies.

The Chinese Ministry of Commerce (MofCom) has been in talks with major domestic AI and chipmaking firms, including Alibaba Group Holding Ltd. (NYSE:BABA), ByteDance Ltd., and Zhipu AI, to discuss ways to protect China’s advanced technologies and promising start-ups from Western acquisition, the Financial Times reported on Tuesday.

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