In recent years, US investment firms have made 401 deals with Chinese high-tech companies.
Tech Policy Group at Georgetown University has released a report showing that the US accounts for about 17% of China’s investment in the artificial intelligence sector, Reuters reported.
According to the report, 167 companies from the USA invested a total of 40.2 billion dollars in the artificial intelligence sector of China, and a total of 401 transactions were completed. This money provides 37% of all investments that Chinese AI companies have been able to attract in recent years.
The largest US investors were GGV Capital (43 deals), Qualcomm Ventures (13 deals) and Intel Capital (11 deals). However, the most curious thing, according to analysts, is that some of the investments were made after Joe Biden ordered the imposition of harsh sanctions on the Chinese IT sector. For example, GSR Ventures invested in a Chinese artificial intelligence company with Chinese IFlytek Co Ltd after the speech recognition firm was added to a commercial blacklist.
Basically, American investors were interested in companies that support AI developments in industries like facial recognition, medicine, and robotics. But there are also Chinese companies that receive money from US investors to develop artificial intelligence applications for military use.
The Biden administration is expected to issue an executive order this year that curbs some US investment in sensitive Chinese tech industries to limit Beijing’s military capability.
Previously Focus He wrote that China will hit US solar with sanctions: how will it succeed?
Source: Focus
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