(generated by Midjourney) As an early-stage investor, I spend a lot of time looking at all things machine learning, AI, and data infrastructure. One of the projects that I recently worked on was Firstmark Capital’s annual MAD Landscape. In analyzing over 3,000 companies (that have raised an aggregate of $153B in funding across different rounds!), one of the trends that stood out was the scale and investment direction of venture capital in China. This is especially interesting as the western world and China go through a period of “
Why is China so dependent on US funding for its AI startups? China has a capital account surplus, so it should have no shortage of capital to invest in such startups.
Why is China so dependent on US funding for its AI startups? China has a capital account surplus, so it should have no shortage of capital to invest in such startups.