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Intel Capital's investments in Chinese AI startups draw US govt attention — firm invests in 43 Chinese tech companies
But it may have to divest at least some of its investments.
Intel Capital remains active in China, unlike other U.S. venture firms such as Sequoia and GGV, which have spun off their Chinese operations due to political pressures. "The fear of missing out in the AI era has created a sense of urgency for Intel Capital," said the head of a competing Chinese venture capitalist in an interview with the Financial Times. As a result, Intel Capital has significantly reduced its investment activities in China over the past 18 months, completing only three deals since early 2023, FT notes.
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