Trump plans to ban Chinese AI models as Kimi K3 sparks concerns that China is catching up

The Trump administration is planning to impose a ban on Chinese open-source models, Axios reported, days after China launched the world's largest open AI model, Kimi K3, sparking a tech sell-off. This comes as US companies are adopting Chinese AI models that are cheaper and just as good as US models. US had tried the same approach last year too.