Many feel it’s outpacing America at an alarming rate, and we can’t forget to mention the massive spy balloon that just went across the continental United States. It was full of technology. Surprisingly, Americans are helping fund China’s AI technology.
Over six years, almost 40% of all investments made in the AI sector came from the United States. The report covers the years 2015-2021. According to Fox News, “Georgetown University’s Center for Security and Emerging Technology found that $40.2 billion of the total money raised by all Chinese AI companies over this period had U.S. backing. However, the center couldn’t determine what percentage of that amount came from U.S. investors or investors abroad.”
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Over 90% of the investments made were to help start-up companies. Altogether, the cash went to a total of 251 businesses in the AI sector. Goldman Sach’s invested a large sum of money in an AI-enabled robotics company called 1KMXC. Another company called Geek+ that focuses on mobile robotic technology also received backing from crucial United States investment companies.
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Many criticize U.S. investors that are funding or have previously funded technology companies in China. As tensions continue to increase worldwide, people can’t help but point out that China’s technology and AI capabilities will be a game-changer if war comes.
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Americans have funded the very thing that can give China an upper hand. Most AI technologies and robots have various military abilities. However, there is another reason China’s surging AI sector is concerning.
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Every business is required to support the government and its goals. This means that the AI technology, which American companies helped fund, can be used however the government sees fit. On top of helping the Chinese military, these technologies also support the Chinese Communist Party.
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