US firms pumping billions into China’s AI sector

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US firms pumping billions into China’s AI sector
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Analysts have sounded alarm on AI enhancing Chinese military capabilities.

Trillion-dollar coin, 14th Amendment: Dems, academics float radical options for Biden in debt ceiling standoff

The money went to 251 Chinese AI companies, and 91% of the US investment came as venture capital to earlier-stage businesses. U.S. officials have also said Chinese espionage costs the U.S. upwards of $600 billion a year in stolen intellectual property.US investments into China’s AI sector were especially valuable. While US investors participated in only 17% of all global transactions made, those transactions accounted for 37% of the total funding, the report found.

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