Particle.news

Download on the App Store

Congress Investigates US Venture Capital Firms For Investments in Chinese AI and Semiconductor Companies

Image
Image

Overview

  • A House committee sent letters to four US venture capital firms about their investments in Chinese tech startups.
  • Lawmakers raised concerns about investments in AI, quantum computing, and chipmakers that could aid China's military and human rights abuses.
  • The firms include GGV Capital, GSR Ventures, Qualcomm Ventures, and Walden International.
  • Some Chinese companies receiving US investments were blacklisted over links to surveillance and human rights issues.
  • This reflects bipartisan pressure on US investments in China amid escalating tensions and national security worries.