Trump and Xi meeting spotlights US-China AI supply-chain financing
The US and China race to build separate AI supply chains, with US banks fundraising for AI upstarts in China and Chinese money flowing to US tech.
As China and the US race to build separate AI supply chains, investors are positioning on both sides, with US banks raising funds for AI upstarts in China and Chinese capital flowing into US tech. The stakes are sizable, with Wall Street banks acting as bookrunners on 19 Chinese high-tech equity capital market deals.