Data Science

Ben Murphy

Chinese STEM Translation Lead Print Bio

Ben Murphy is Chinese STEM Translation Lead at Georgetown’s Center for Security and Emerging Technology (CSET). He joined CSET following a 14-year career at the Central Intelligence Agency, where he served in a variety of roles including project manager, instructor, translation manager, linguist, analyst, and editor. Ben is a member of the American Translators’ Association. He earned his M.A. in East Asian Studies at Harvard University and his B.A. in History at Reed College. Ben is fluent in Mandarin Chinese and has studied at National Taiwan University in Taipei and at Fujian Normal University in mainland China.

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-langauge 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.

It’s widely understood that Beijing invests significant resources in shoring up its science and technology prowess, but the extent and flows of the Chinese government’s public investments in S&T are not as well known. This project tracks publicly available information about the budgets of more than two-dozen high-level Chinese government entities, including those that support science, technology, and talent recruitment.

The following CSET product summarizes Chinese media reaction to three AI-related policy initiatives or statements made by entities associated with the U.S. government in the fall of 2019: the Bureau of Industrial Security Entity List, Defense Innovation Board AI Principles, and NSCAI Interim Report.