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U.S. Investors Are Going Big on China AI Despite Concerns in Congress (lemmy.ml)

submitted 1 week ago* (last edited 1 week ago) by SouffleHuman@lemmy.ml to c/china@lemmygrad.ml

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cross-posted from: https://lemmy.ml/post/40358266

https://www.wsj.com/tech/ai/u-s-investors-are-going-big-on-china-ai-despite-concerns-in-congress-cb9a71c5

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U.S. investors are plowing money into Chinese companies involved in artificial intelligence, despite growing competition between Washington and Beijing over the technology.

Investors are driving up the share prices of Chinese tech companies developing AI models and adding cash to exchange-traded funds tracking the broader tech sector in China. Venture-capital firms based in China are raising U.S. dollar-denominated funds to deploy in AI investments, and U.S. endowments that shunned China for years are weighing a return, according to fund managers.

House Speaker Mike Johnson (R., La.) said Sunday that “investments propping up Communist China’s aggression must come to an end.”

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