US VC firms investing in compromised Chinese companies

by Anne Kader
2 minutes read

“Our investigation into American venture capital firms found that these firms funded Chinese companies powering the CCP’s most dangerous national security capabilities, the Select Committee on the Chinese Communist Party writes on its website.

Companies that raise concern:


4 Paradigm: Created AI for the Chinese military’s autonomous weapons systems.

-BGI_Genomics collected genetic data from Americans for use in research with the Chinese military.

– Semiconductor chips for Phytium, which enables Beijing manufacture nuclear and hypersonic weapons.

– Daqo (Owner of Xinjiang Daqo New Energy): Produces polysilicon, the primary raw material needed for semiconductors and solar cells, using Uyghur forced labor.

– Intellifusion: Created facial recognition technology used to track Uyghurs in Xinjiang.

– GGV Capital invested in PRC-based AI company Megvii, which actively helps Beijing to profile and track Uyghurs.

-GSR Ventures invested in Chinese AI companies between 2015 and 2021, according to a recent report by the Center for Security and Emerging Technology. These Ventures risk transferring critical know-how from the U.S. to China.

-Qualcomm Ventures invested in Zongmu, a PRC-based firm focused on self-driving vehicles.

-Walden’s AI investments invested in Intellifusion, an AI company that the Commerce Department placed on its Entity List for enabling PRC surveillance of Uyghurs in their Homeland.

Source: https://selectcommitteeontheccp.house.gov/media/letters/letters-venture-capital-firms-funding-problematic-prc-companies

Image by 3D Animation Production Company/ Pixabay

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