China goes it alone in AI 2.0, drawing on local funds and trio of industry veterans

Former Google executive Lee Kai-fu has emerged as one of China’s biggest AI investors, as big global names avoid the sector over fear of getting caught in geopolitical tensions

This article only represents the author's own views.

When it comes to investment in artificial intelligence (AI), or more precisely the latest 2.0 round of AI developments in the areas of content generation and large language models (LLMs) like those used by OpenAI’s ChatGPT, China is rapidly becoming an “all in the family” affair.

It’s certainly not for lack of hospitality from Beijing, which has welcomed outsiders to invest in a vibrant Chinese AI sector that seems to spawn interesting new startups daily. Instead, geopolitics are keeping many global venture and private equity companies away, worried that their investments could fall victim to Washington-led sanctions that are already casting clouds over the sector.

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