American AI Startups Raise Money From Top Chinese VC Firms, Including Sequoia Capital China

Major Chinese venture capital firms are quietly investing in American artificial intelligence startups, undeterred by growing concerns from U.S. officials about Chinese involvement in local technology firms.

For example, Sequoia Capital China, the biggest VC firm by assets in mainland China, recently invested in UTA, or Universal Travel Assistant, a California-based stealth startup that’s developing an AI chatbot to help people plan and book trips, according to two people with knowledge of the matter. Sequoia China also has invested in …

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