CSET Research Fellow Zachary Arnold testified before the U.S.-China Economic and Security Review Commission hearing on "U.S. Investment in China's Capital Markets and Military-Industrial Complex." Arnold discussed discuss China’s use of financial capital flows and the state’s prominent role in allocating capital to specific firms and sectors.

CSET Research Analyst Emily Weinstein testified before the U.S.-China Economic and Security Review Commission hearing on "U.S. Investment in China's Capital Markets and Military-Industrial Complex." Weinstein discussed China's military-civil fusion strategy in university investment firms and Chinese talent programs.

CSET experts Zachary Arnold and Emily Weinstein testified before the U.S.-China Economic and Security Review Commission to discuss Chinese capital markets and offer recommendations to protect U.S. investment.

“Whatever we can do in our technology strategy to maintain that leverage now will have huge geopolitical and strategic relevance in the years ahead,” warns CSET Fellow Saif M. Khan before the Senate Foreign Relations Committee ahead of the U.S.-China meetings.

The Chinese government is pouring money into public-private investment funds, known as guidance funds, to advance China’s strategic and emerging technologies, including artificial intelligence. These funds are mobilizing massive amounts of capital from public and private sources—prompting both concern and skepticism among outside observers. This overview presents essential findings from our full-length report on these funds, analyzing the guidance fund model, its intended benefits and weaknesses, and its long-term prospects for success.

China’s government is using public-private investment funds, known as guidance funds, to deploy massive amounts of capital in support of strategic and emerging technologies, including artificial intelligence. Drawing exclusively on Chinese-language sources, this report explores how guidance funds raise and deploy capital, manage their investment, and interact with public and private actors. The guidance fund model is no silver bullet, but it has many advantages over traditional industrial policy mechanisms.

Foreign investors comprise a significant portion of investors in top U.S. AI startups, with China as the leading location. The authors analyze investment data in the U.S. AI startup ecosystem both domestically and abroad, outlining the sources of global investment.

Corporate investors are a significant player in the U.S. AI startup ecosystem, funding 71 percent of top U.S. AI startups. The authors analyze the trends in top corporate funders and the startups receiving corporate money.

During this live event, CSET Research Fellow Zachary Arnold discussed the findings and recommendations of CSET's recently published report "Tracking AI Investment." Zach described the landscape of commercial AI investment and how it informs economic and security policy.

Axios Future previewed CSET's Issue Brief, "Future Indices," on using historical data and the wisdom of the crowd to predict future trends.