US adds dozens of Chinese entities to export blacklist over AI and military concerns

What just happened? The US has added dozens of Chinese tech companies to an export blacklist as it looks to slow down its rival's development of AI chips, as well as high-performance, exascale, and quantum computing for military use. China said the sanctions will not stop the country's development and progress, adding that the move reflects US anxiety over its rapid development of these technologies. The US Department of Commerce's Bureau of Industry and Security (BIS) has added 80 organizations to the entity list, including more than 70 from China. There are also entities from the United Arab Emirates, South Africa, Iran, and Taiwan. American companies wishing to do business with those on the list must first secure a license, which is almost always denied. Donald Trump famously placed Huawei on the list in 2019, during his first term in office. Among those added to the list are six subsidiaries of cloud computing provider Inspur Group, which itself was added to the list in 2023. Th ... Read full article.