The US authorities are seriously concerned of the fact that Chinese investors put a huge amount of money in American AI startups. The Pentagon states that the control over foreign investments will be tightened so that other countries won’t get its advanced artificial intelligence and machine learning technologies.
According to CB Insights statistics, 29 Chinese entrepreneurs invested in American AI companies in five years. Some of them kicked off common projects along with American developers, became minority shareholders, and invested in the project at first financing stages. It is important to stress that as soon as a Chinese businessperson invests in a startup, the US DoD is no longer able to cooperate with this very company because of security risks. In other words, American specialists’ development actually belongs to China.
Due to the above-mentioned issue, the Pentagon has prepared a document aimed at protecting American products from foreign entrepreneurs. According to this document, Chinese investors won’t be able to finance a range of solutions, including those related with artificial intelligence.
Moreover, the US authorities are also going to change migrant policy so that Chinese students won’t be able to leave America and work in their own country on a specialty. It will deprive China of valuable skilled workers, as the country is still lack of its own highly trained artificial intelligence professionals.
The USA worries not for nothing. China is very likely to become a leader in the AI technology sector. The country is boosting manufacturing capacity. Chinese investors put around $22 billion in American startups only in the first half of 2017 with $700 million being invested in companies developing AI solutions. The country has already become world’s leading robotics manufacturer. And by 2025, following the government development program called Made in China, the PRC is planning to achieve total technological independence and drive foreign competitors not only out of its own market but also out of the global one.