As America debates whether and how the government should invest in its leading AI firms, China’s systematic approach to capital investment deserves closer attention.
President Donald Trump delivers remarks at the White House AI Summit at the Andrew W. Mellon Auditorium in Washington, D.C., July 23, 2025. Credit: The White House via Flickr
As the global AI race heats up, so has the scramble to secure AI sovereignty. Even before the dust had settled on SpaceX’s IPO, the Trump administration was reportedly holding discussions with OpenAI and other major AI labs about potentially acquiring an equity stake before they, too, go public. Similarly, China’s state-backed National Artificial Intelligence Industry Investment Fund is reportedly finalizing talks to invest in DeepSeek’s first outside funding round.
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California-based Jupiter Systems sold high-tech wall screens to U.S. military and government clients. On June 14, The Wire China revealed how Jupiter was sold to a Chinese company in 2020 without the first Trump administration’s knowledge. Now Trump is back and on the case as Jupiter teeters on the verge of bankruptcy.
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