US Sanctions Lu Qi's MiraclePlus Venture Firm Over Links to Google Trade Secret Theft
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The US State Department has blacklisted MiraclePlus, a Chinese startup accelerator founded by ex-Microsoft executive Lu Qi, along with four affiliated entities, for providing seed funding to a company run by a former Google engineer convicted of stealing artificial intelligence trade secrets. The sanctions, announced October 19, 2026, mark an unprecedented enforcement action in the tech industry's AI arms race and expose the entanglement of elite venture capital with industrial espionage.
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