Daily News

House panel: U.S. venture capital fuels China’s tech supremacy push

February 8, 2024 at 5:02 PM
U.S. venture capital is fueling growth in China’s artificial intelligence and semiconductor sectors and contributing to human-rights abuses and Chinese military activities, the House Select Committee on the Chinese Communist Party says in a new report. The report , issued by panel Chair Mike Gallagher (R-WI) and ranking member Raja Krishnamoorthi (D-IL), is based on investigations the committee conducted into five U.S. venture capital firms that were found to have significantly contributed to China’s artificial intelligence sector. It comes as...


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