Wang: Capital flows into China's startup sector have collapsed precipitously
Alexandr Wang · AI Predictions for 2025: Geopolitics, Agents, and Data Scaling — With Alexandr Wang · Dec 11, 2024 · at 11:35
Alexandr Wang (CEO of Scale AI) discusses why Chinese AI development lags behind the US despite China having access to large data and government resources.
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“One undeniable trend over the past, let's call it five years has been the sort of the collapse of the Chinese startup sector. And this is really driven by policies from the CCP to significantly, you know, they killed certain startup industries. They really like hampered the entire innovation ecosystem. And you see it in the numbers, the sort of, Amount of capital flowing into the Chinese innovation ecosystem has fallen off cliff pretty precipitously.”
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