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Biden administration concerned about U.S. investments in Chinese tech companies with military or surveillance ties

The Washington Post

In 2020, a fast-rising artificial intelligence company in China won a little-noticed contract from a Chinese military academy to provide battlefield command software — technology that defense experts say could become part of the military’s operational network.

A few months later, Goldman Sachs invested in the Beijing-based company, helping it raise $700 million, according to the company, 4Paradigm. So did Sequoia Capital China, a Chinese affiliate of the prominent Silicon Valley venture capital firm, which markets funds that draw investment from U.S. university endowments and charitable trusts.

There was nothing illegal about those investments in 4Paradigm, a seven-year-old start-up whose foray into artificial intelligence has been so successful it has plans to soon go public.

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It is critical that U.S. companies and individuals be aware of the large-scale human rights abuses perpetrated by the PRC government in Xinjiang. Businesses should evaluate their exposure to the risks that result from partnering with, investing in, and otherwise providing support to companies that operate in or are linked to Xinjiang.

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Can China Form its Own Alliance? — Simone Gao with Keith Krach

G7 adopted the U.S.-led proposal BuildBackBetter World as an alternative to China’s Belt and Road Initiative. But can it compete with China’s investment? KeithKrach was the under secretary of state responsible for economic diplomacy during the #Trump administration. The Blue Dot network his team drafted was adopted by the Biden Administration and is now the Build Back Better World initiative. This Silicon Valley veteran has a good track record of defeating China’s economic aggression, particularly Huawei’s ambition to take over the global 5G communications.