Beijing regulators are reportedly mulling more stringent export controls on artificial intelligence (AI) and semiconductor technologies.

The Chinese Ministry of Commerce (MofCom) has been in talks with major domestic AI and chipmaking firms, including Alibaba Group Holding Ltd.

(NYSE:BABA), ByteDance Ltd., and Zhipu AI, to discuss ways to protect China's advanced technologies and promising start-ups from Western acquisition, the Financial Times reported on Tuesday.

MofCom is contemplating restricting the transfer of crucial data for training their models overseas and limiting the downloading of their model weights by foreign users, although overseas customers would still have access to the models and services, as per the report.

The ministry is also considering potential restrictions to prevent foreign chipmakers, such as Qualcomm Inc.