(JW Insights) Jul 24 -- Silicon Valley-based BlueRun Ventures said the company is committed to investing in China's AI sector, and it is set to allocate over 50% of its new RMB5.5 billion($$817 million) fund, raised in May last year to AI start-ups, said Jui Tan, managing partner at BRV's China arm, reported South China Morning Post on July 21.
US chip export restrictions have put some Chinese venture investors off from backing generative artificial intelligence (AI) start-ups, and AI development in China could be challenging in the short term, as US restrictions on the exports of advanced graphics processing units (GPUs) have "scared some people away," said Tan.
"You're worried that [after] you invest in the application scenario, invest in the talent, then maybe halfway realize that you don't have enough computational power and can't get enough GPUs," said Tan. "I think that's created some kind of fear for entrepreneurs and investors."
As Chinese tech heavyweights debate how far the country lags in AI, the lack of crucial technologies has deterred some domestic investors from jumping on the generative AI bandwagon, reported South China Morning Post.
Tan said he is optimistic in the long run that, "sufficient capital and talent" will be able to solve China's computing power predicament. In the near future, entrepreneurs in the country can excel in creating unique generative AI applications that do not require intensive computing power, he said.
BRV China is also focusing on areas including robotics and new energy, Tan said.
The firm is a backer of Chinese electric car maker Li Auto and hopes to work more closely with industries in Hong Kong, Tan said, calling the city a talent, data, and financial hub that can help China's AI start-ups go global.
BRV China, set up by Tan in 2005, is among a string of venture capital firms investing in the country while navigating an increasingly complicated geopolitical environment. Sino-US tensions have raised concerns that American investments in Chinese technology are drying up.
Tan said geopolitical risks are "less of an issue" for BRV China, as the company has always been run separately from its US sibling even though they operate under the same brand name.
BRV China's decisions are made independently, and there is no sharing of profits and back-office services, Tan added.
Still, scrutiny of Chinese investments in the US venture capital industry is growing, said the South China Morning Post report.
Several American venture capital firms - including GGV Capital, GSR Ventures, Walden International, and Qualcomm Ventures - are being investigated by a US congressional committee for their funding of chip, AI, and quantum computing companies in China, according to a Wall Street Journal report on July 19.
(Li PP)
(JW Insights) Jul 24 -- Silicon Valley-based BlueRun Ventures said the company is committed to investing in China's AI sector, and it is set to allocate over 50% of its new RMB5.5 billion($$817 million) fund, raised in May last year to AI start-ups, said Jui Tan, managing partner at BRV's China arm, reported South China Morning Post on July 21.
US chip export restrictions have put some Chinese venture investors off from backing generative artificial intelligence (AI) start-ups, and AI development in China could be challenging in the short term, as US restrictions on the exports of advanced graphics processing units (GPUs) have "scared some people away," said Tan.
"You're worried that [after] you invest in the application scenario, invest in the talent, then maybe halfway realize that you don't have enough computational power and can't get enough GPUs," said Tan. "I think that's created some kind of fear for entrepreneurs and investors."
As Chinese tech heavyweights debate how far the country lags in AI, the lack of crucial technologies has deterred some domestic investors from jumping on the generative AI bandwagon, reported South China Morning Post.
Tan said he is optimistic in the long run that, "sufficient capital and talent" will be able to solve China's computing power predicament. In the near future, entrepreneurs in the country can excel in creating unique generative AI applications that do not require intensive computing power, he said.
BRV China is also focusing on areas including robotics and new energy, Tan said.
The firm is a backer of Chinese electric car maker Li Auto and hopes to work more closely with industries in Hong Kong, Tan said, calling the city a talent, data, and financial hub that can help China's AI start-ups go global.
BRV China, set up by Tan in 2005, is among a string of venture capital firms investing in the country while navigating an increasingly complicated geopolitical environment. Sino-US tensions have raised concerns that American investments in Chinese technology are drying up.
Tan said geopolitical risks are "less of an issue" for BRV China, as the company has always been run separately from its US sibling even though they operate under the same brand name.
BRV China's decisions are made independently, and there is no sharing of profits and back-office services, Tan added.
Still, scrutiny of Chinese investments in the US venture capital industry is growing, said the South China Morning Post report.
Several American venture capital firms - including GGV Capital, GSR Ventures, Walden International, and Qualcomm Ventures - are being investigated by a US congressional committee for their funding of chip, AI, and quantum computing companies in China, according to a Wall Street Journal report on July 19.
(Li PP)
本文来源：pg电子官方-www.boolomi.com
