{"id":1837639,"date":"2023-02-07T06:21:01","date_gmt":"2023-02-07T11:21:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1837639"},"modified":"2023-02-07T06:24:27","modified_gmt":"2023-02-07T11:24:27","slug":"u-s-firms-investing-billions-of-dollars-in-chinas-ai-sector-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-firms-investing-billions-of-dollars-in-chinas-ai-sector-report\/","title":{"rendered":"U.S. Firms Investing Billions of Dollars in China\u2019s AI Sector: Report"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fu-s-firms-investing-billions-of-dollars-in-chinas-ai-sector-report%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1837639&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2023\/02\/GettyImages-1052877582-1200x800-1.jpg\" class=\"ff-og-image-inserted\" alt=\"image\"   style=\"display:none\"><\/div>\n<p>At least 37 percent of all total investments were made by U.S.-based companies <a href=\"https:\/\/www.theepochtimes.com\/t-china\">China<\/a>\u2019s artificial intelligence (<a href=\"https:\/\/www.theepochtimes.com\/t-ai\">AI<\/a>A new report shows that the ) sector is expected to grow between 2015 and 2021.<\/p>\n<p>The report (<a href=\"https:\/\/cset.georgetown.edu\/wp-content\/uploads\/CSET-U.S.-Outbound-Investment-into-Chinese-AI-Companies-1.pdf\">PDF<\/a>The Georgetown University Center for Security and Emerging Technology published a report (PDF) that found that $40.2 million in investments into Chinese AI companies were made with U.S. backing. However, it is not clear if any of those transactions were made by U.S. or foreign investors.<\/p>\n<p>Venture capital (VC), was awarded to 251 Chinese companies that specialize in AI, principally at the seed, angel and pre-seed stages.<\/p>\n<p>There are risks with such investments, the report noted, as they\u2019re generally accompanied by other intangible benefits in which U.S. expertise is delivered to China-based companies.<\/p>\n<p>\u201cWhile Crunchbase data suggests that U.S. outbound investment into Chinese AI companies is limited, such financial activity, commercial linkages, and the tacit expertise that transfers from U.S.-based funders to target companies in China\u2019s booming AI ecosystem carry implications that extend beyond the business sector,\u201d According to the report.<\/p>\n<p>\u201cEarlier stage VC investments in particular can provide intangible benefits beyond capital, including mentorship and coaching, name recognition, and networking opportunities. As such, U.S. outbound investment in Chinese technology, and particularly AI, merits additional attention and tracking.\u201d<\/p>\n<h2><b><a href=\"https:\/\/www.theepochtimes.com\/t-us\">US<\/a> Chinese AI Companies Funded by Firms<\/b><\/h2>\n<p>U.S. investments in China-based AI companies have come under fire in recent years because of the amount of control exercised over such companies by China\u2019s communist regime.<\/p>\n<p>The Chinese Communist Party<a href=\"https:\/\/www.theepochtimes.com\/t-ccp\">CCP<\/a>China (ruled by the ) is a single-party state. It has passed numerous laws that require companies based in China to give all information to the regime upon request.<\/p>\n<p>This means that any data or technologies developed by China-based companies with U.S. backing could be directly used by the CCP to improve upon its military capabilities, in line with the regime\u2019s \u201cmilitary-civil fusion\u201d strategy.<\/p>\n<p>Moreover, such investments directly fuel China\u2019s efforts to overtake the United States as the leading technological power.<\/p>\n<p>This is demonstrated by the value of the investments being made by U.S. sources into China\u2019s AI companies. Whereas investment transactions involving U.S. funding sources only made up 17 percent of the total number of transactions made, those transactions accounted for 37 percent of the total funding value of all such transactions,\u00a0according to the report.<\/p>\n<p>Notably, the U.S. investments also include major funding for Chinese companies whose research could tangibly benefit the Chinese military\u2019s pursuit of AI and autonomous systems.<\/p>\n<p>\u201cSome of the largest investments include Goldman Sachs\u2019s 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,\u201d According to the report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At least 37 percent of all total investments were made by U.S.-based companies China\u2019s artificial intelligence (AIA new report shows that the ) sector is expected to grow between 2015 and 2021. The report (PDFThe Georgetown University Center for Security and Emerging Technology published a report (PDF) that found that $40.2 million in investments into &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1837642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[11154,5909,5352,9513,6478,3819,12368,7238],"class_list":["post-1837639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-billions","tag-chinas","tag-dollars","tag-firms","tag-investing","tag-report","tag-sector","tag-u-s"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1837639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1837639"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1837639\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1837642"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1837639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1837639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1837639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}