John Cornyn: “According to the U.S. china Economic and Security Review…”

“The investments they are making are fueling China's military buildup and modernization by funneling capital into potentially dual use technology and military capabilities that could eventually be used against the United States and our allies. According to the U.S. china Economic and Security Review Commission's 2024 report to Congress, U.S. investments in China's semiconductors, quantum computing and AI alone totaled about $2 billion in 2023. In 2020, more than 90% of these investments were concentrated in the semiconductor industry. And from 2015 to 2021, US investors made up 37% of China's global funding for artificial intelligence.” (03:19–03:37)

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