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US blacklist hits Chinese AI as apps gain ground
Jun 11, 2026
< 1 min read
by Hania Humayun
for CryptoPolitan
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AI Overview
China's AI boom is reaching millions and industry leaders in Shenzhen say the country has pulled ahead of the United States in putting AI tools into everyday use. However, widespread job cuts, rising US–China tensions and security concerns are prompting alarms that could create uncertainty for tech and crypto adoption, token launches, fundraising and DeFi activity.
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China’s AI boom is reaching millions of people, but it is also cutting jobs and fueling tensions with the United States. China has pulled ahead of the United States in putting AI tools into everyday use, according to tech industry leaders and investors gathered in Shenzhen this week. But those same voices are sounding alarms...
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