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.

Psychology Today published an article on Microsoft's new Lobe application. The article featured original research from several CSET experts, including Research Fellow Zachary Arnold, Data Analyst Ilya Rahkovsky and Research Analyst Tina Huang.

CSET Senior Fellow Melissa Flagg spoke with National Journal about the White House's National Strategy for Critical and Emerging Technologies. Releasing a high-level document is wise, said Dr. Flagg, but doing so just before an election may lessen its effect.

Plus: Chinese executives launch tech fund, Trump considers blacklisting SMIC, and House approves AI Center of Excellence

CSET Founding Director Jason Matheny testified before the House Budget Committee for its hearing, "Machines, Artificial Intelligence, & the Workforce: Recovering and Readying Our Economy for the Future." Dr. Matheny's full testimony as prepared for delivery can be found below.

Former Deputy National Security Advisor hosted Dr. Andrew Imbrie, a senior fellow at CSET, for a discussion on his new book, Power on the Precipice.