Reuters: U.S. investors have plowed billions into China's AI sector
Chinese article by 姜羽桐
English Editor WM Zhang
02-02 18:08

U.S. investors, including the investment arms of Intel and Qualcomm, accounted for nearly a fifth of investments in Chinese AI companies from 2015 to 2021, reported Reuters on February 2, citing a US report.

The document, released by CSET, a tech policy group at Georgetown University, comes amid growing scrutiny of U.S. investments in AI, Quantum, and semiconductors, as the Biden administration prepares to unveil new restrictions on U.S. funding of Chinese tech companies.

According to the report, 167 U.S. investors took part in 401 transactions, or roughly 17% of the investments into Chinese AI companies in the period, reported Reuters.

Those transactions represented a total of $40.2 billion in investment, or 37% of the total raised by Chinese AI companies in the 6-year period. It was unclear from the report, which pulled information from data provider Crunchbase, what percentage of the funding came from the U.S. firm, said the Reuters report.

Qualcomm Ventures and Intel Capital were involved in 13 and 11 investments in Chinese AI companies, respectively, outpaced by GGV Capital which led U.S. firms with 43 total investments in the sector, the data showed.

Some of the largest investments include Goldman Sachs’ solo investment in 1KMXC, an AI-enabled robotics company, as well as an investment by three U.S.-based VC firms in Geek+, an autonomous mobile robot company, the report showed.

(Li PP)

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