The bipartisan House Select Committee on Strategic Competition between the United States and the Chinese Communist Party has released a report highlighting the investments made by five American venture capital (VC) firms in Chinese companies involved in artificial intelligence (AI), critical technologies, and the Chinese military. The five VC firms mentioned in the report are GGV Capital, GSR Ventures, Qualcomm Ventures, Sequoia Capital China, and Walden International. The investigation found that these firms invested over $1.9 billion in Chinese AI companies linked to the Chinese Communist Party’s (CCP) human rights abuses and military, and at least $1.2 billion in China’s semiconductor sector. The report also suggests that there are additional billions of dollars that have flowed into Chinese companies supporting the CCP’s military and digital authoritarianism.
US VC Firms Pour Billions into Chinese AI, Military, Tech: CCP Connection
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