In 2023, China recorded around 232 investments in the AI space, a 38% decline year-over-year, according to research firm CBInsight. The total amount raised by China's AI firms amounted to roughly $2 billion, 70% less than the year before.
The discrepancy in investment sizes between the two reports might be attributed to their different methodologies in counting funding rounds. ITJuzi might have a better grasp of local funding activities than its foreign counterpart, not least because China's AI startups have become more discreet about their U.S. dollar financings. Many now fear U.S. regulatory scrutiny over American capital flows into their AI businesses.
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