"Decades of investment — including funding, knowledge transfer, and other intangible benefits — from U.S. VCs have helped build and strengthen [China's] priority sectors."

"Decades of investment — including funding, knowledge transfer, and other intangible benefits — from U.S. VCs have helped build and strengthen [China's] priority sectors." VC firms such as Sequoia Capital, GGV Capital and GSR Ventures invested $1.9 billion from US university endowments and pension funds into AI companies "whose technology is contributing to China's military buildup and human-rights abuses," according to a Congressional report. This sure seems like a shot across the bow for the VC industry.