Trump-Backed Crypto Firm Invests in AI Venture with Restricted Chinese Partners
World Liberty Financial, a crypto firm backed by Donald Trump's sons Eric and Donald Jr., has invested in a venture that offers artificial intelligence (AI) from restricted Chinese companies. The investment in Zhipu AI is a significant move for World Liberty, which has been expanding its portfolio of investments in the past year.
Zhipu AI has partnered with tech giants Alibaba and Baidu to offer AI solutions, including natural language processing and computer vision. This partnership allows WorldClaw, a subsidiary of World Liberty Financial, to access cutting-edge AI technology from China, despite US restrictions on trade with certain Chinese companies.
The investment is seen as a strategic move by World Liberty to stay ahead in the competitive crypto market. By partnering with restricted Chinese companies, the firm can tap into the vast potential of the Chinese tech industry, which has been growing rapidly in recent years.