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“Decades of investment — including funding, knowledge transfer, and other intangible benefits — from U.S. VCs have helped build and strengthen [China’s] priority sectors.”
VC firms such as Sequoia Capital, GGV Capital and GSR Ventures invested $1.9 billion from US university endowments and pension funds into AI companies “whose technology is contributing to China’s military buildup and human-rights abuses,” according to a Congressional report.
This sure seems like a shot across the bow for the VC industry.
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