· Fact-checked before it aired. Unconfirmed claims from this segment are not shown.
The US State Department on Monday announced sanctions against five Chinese entities under the Protecting American Intellectual Property Act: Shanghai Zhisuan Technology, founded by former Google engineer Linwei Ding, the venture firm MiraclePlus, and three affiliates. Ding was convicted in January of stealing Google AI trade secrets—more than 2,000 pages of confidential files including TPU-related material—which he transferred to a personal cloud account while still employed at Google. He was later acquitted of economic espionage charges in August but his trade secret theft convictions remained, and he was sentenced in September to one year in prison and about $198,000 in restitution.
The sanctions target not just Ding's startup but the venture capital that financed it. MiraclePlus accepted Ding into its incubation program in August 2023 and invested about $700,000 for a small ownership stake. The State Department said Ding had "touted his experience with and knowledge of Google's technology and internal systems and claimed that Zhisuan could replicate Google's superintelligence infrastructure technology." MiraclePlus traces back to YC China, a program Sam Altman launched in 2018 while running Y Combinator, hiring former Microsoft and Baidu executive Lu Qi to lead it. After
The US State Department has sanctioned MiraclePlus, the venture firm that grew out of Y Combinator's China program, along with Shanghai Zhisuan Technology, the startup founded by ex-Google engineer Linwei Ding who was convicted of stealing Google AI trade secrets.
The US has blacklisted five Chinese entities, including MiraclePlus and Ding's startup Zhisuan, under the Protecting American Intellectual Property Act for financing a company built on stolen Google AI trade secrets. A Polymarket prediction market post announcing a new market on whether anyone will be charged over "Wedgewood fake polls." A promotional post for an astrology-based market analysis video; contains no fact-checkable claim
VERIFIED TRUE
The US State Department has sanctioned MiraclePlus, the venture firm that grew out of Y Combinator's China program, along with Shanghai Zhisuan Technology, the startup founded by ex-Google engineer Linwei Ding who was convicted of stealing Google AI trade secrets.
US Blacklists Sam Altman's Old Y Combinator China Pick Over Startup Built On Stolen Google AI Secrets https://t.co/SSg15ylnwj
VERIFIED TRUE
The US has blacklisted five Chinese entities, including MiraclePlus and Ding's startup Zhisuan, under the Protecting American Intellectual Property Act for financing a company built on stolen Google AI trade secrets. A Polymarket prediction market post announcing a new market on whether anyone will be charged over "Wedgewood fake polls." A promotional post for an astrology-based market analysis video; contains no fact-checkable claim. A listing of upcoming economic events (China GDP, Canada CPI, UK data); no disputed factual claim.
US Blacklists Sam Altman's Old Y Combinator China Pick Over Startup Built On Stolen Google AI Secrets https://t.co/iJUd70mxxP
VERIFIED TRUE
US GDP is roughly one-quarter of global GDP, so dividing the world economy into four equal parts with the US alone as one quarter is approximately accurate. The US accounts for about 25% of global GDP at current exchange rates.
Divide the Global Economy Into 4 Equal Parts. The U.S. Alone Is One of Them The global economy (GDP in current dollars) is divided into four roughly equal parts: the United States alone; Canada and Europe (excluding Russia and Turkey); China, Japan, North and South Korea, and htt
VERIFIED TRUE
Volvo Cars shares fell sharply after the Swedish automaker's CEO said the China sales slump came "faster than we thought," citing tougher market conditions in China and the US that hurt free cash flow.
Volvo Cars plunges 27% as CEO says China sales slump came 'faster than we thought' - The Swedish automaker cited a deteriorating environment led by "tougher" market conditions in China and the U.S., which "negatively affected free cash flow."
VERIFIED TRUE
Russia and Ukraine continued trading strikes overnight even as both Putin and Zelenskyy said Thursday they were open to US-brokered peace negotiations.
Russia and Ukraine trade fresh strikes despite renewed push for U.S.-brokered peace talks - Both Putin and Zelenskyy said Thursday they were open for peace negotiations, even as they continued strikes overnight.
CNBC NAMES: Putin = Russian president; Zelenskyy = Ukrainian president.
VERIFIED TRUE
Nvidia CEO Jensen Huang is visiting Kazakhstan for the first time, highlighting the country's growing AI ambitions and appeal to global business.
Nvidia's Huang heads to Kazakhstan for the first time — and he's not the only one with big plans - Jensen Huang's first Kazakhstan visit highlights the country's growing AI ambitions and global business appeal.
CNBC NAMES: Nvidia = US chipmaker; Jensen Huang = Nvidia CEO.
VERIFIED TRUE
French borrowing costs have surged as debt and political risks mount, raising concerns about potential euro zone contagion.
France is flashing euro crisis signals. This time, the fault lines are different - French borrowing costs have surged as debt and political risks mount, raising questions over whether the stress could spread across the euro zone.
Cite this story as https://oncast.fm/story/1792749698128-money-segment-us-hits-ai-startup-over-stolen-google-secrets. Fact-check by Oncast. Cite the original sources above too.