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The Startup-Filled Coder 'Village' at the Heart of China's AI Frenzy
China "is pouring money into building an AI supply chain with as little reliance on the U.S. as possible," the Wall Street Journal noted this weekend. But what does that look like? The New York Times visits Liangzhu, "the coder 'village' at the heart of China's AI frenzy... a quiet suburb of the ...
Several company founders, who asked not to be named so they could discuss sensitive topics, said it was difficult for them to attract funds from foreign venture capital firms, frustrating their ambitions to grow outside China. Founders described choosing between two paths for their companies' growth: Take government funding and tailor their product to the Chinese market, or raise enough money on their own to set up offices in a country like Singapore to pitch foreign investors. Aspiring founders in Liangzhu, even those who did not go to top universities, believe they could start the next world-changing tech company, said Felix Tao [a 36-year-old former Facebook and Alibaba employee.]
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