Report: US investors are pumping billions into China’s AI sector – IT business

Major U.S. investors and chipmakers like Intel and Qualcomm put nearly a fifth of their investments in Chinese artificial intelligence (AI) companies between 2015 and 2021, according to a report. As a result, 167 U.S. companies were involved in 401 transactions, accounting for regarding 17 percent of the total investment in Chinese AI companies during the period, according to research by Georgetown University’s Center for Security Studies (CSET) on Wednesday.