Leadership from the House Select Committee on the Chinese Communist Party (CCP) is launching investigations into several U.S. companies that it claims are funding China’s development of artificial intelligence (AI) and military modernization.
Select Committee Chairman Mike Gallagher (R-Wis.) and Ranking Member Raja Krishnamoorthi (D-Ill.) sent letters to the leaders of four American venture capital firms demanding to know the extent of their dealings with the CCP regime, a source close to the Select Committee told The Epoch Times.
Mr. Gallagher and Mr. Krishnamoorthi said that the venture funds GGV, GSR, Walden International, and Qualcomm Ventures are investing in Chinese AI and semiconductor companies that they claim the regime uses to expand its human rights abuses and military modernization….