A U.S. House of Representatives committee has launched an investigation into investments by four U.S. venture capital firms into Chinese artificial intelligence and semiconductor companies. | Reuters
The Biden administration is considering new rules that would restrict the flow of U.S. investments in Chinese companies working on advanced semiconductors, artificial intelligence and quantum computing.In its letter to GGV, the panel said the firm had invested in Megvii Technology, a Chinese company “which actively supports the surveillance of Uyghurs,” a Muslim minority group. The U.S. blacklisted Megvii in 2019 over its alleged links to China’s treatment of Uyghurs.
GSR Ventures, the committee said, has invested in companies linked to the Chinese military, such as Horizon Robotics, which specializes in AI chips. Qualcomm Ventures invested in SenseTime, a company the U.S. blacklisted in 2019 over its alleged role China’s efforts to profile and track Uyghurs, the committee said.GGV, Walden, GSR and Qualcomm did not immediately respond to requests for comment on the investigation.Your subscription has been successful.
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