{"id":11647,"date":"2025-12-04T23:58:12","date_gmt":"2025-12-04T23:58:12","guid":{"rendered":"https:\/\/jobuzo.com\/en\/can-china-fund-its-ai-push-ex-google-ceo-eric-schmidt-casts-doubt\/"},"modified":"2025-12-04T23:58:12","modified_gmt":"2025-12-04T23:58:12","slug":"can-china-fund-its-ai-push-ex-google-ceo-eric-schmidt-casts-doubt","status":"publish","type":"post","link":"https:\/\/jobuzo.com\/en\/can-china-fund-its-ai-push-ex-google-ceo-eric-schmidt-casts-doubt\/","title":{"rendered":"Can China fund its AI push? Ex-Google CEO Eric Schmidt casts doubt"},"content":{"rendered":"
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China’s designs on supremacy in artificial intelligence<\/span> could be hindered by a funding gap in the sector, according to former Google CEO Eric Schmidt, who gave a grim assessment of the country’s AI prospects as China and the US lock horns for dominance.<\/div>\n

However, analysts said that funding would not be a concern for China’s AI development given the deep pockets of the country’s private and state investors – particularly as Beijing, Big Tech firms and investors were united in their determination to accelerate AI development from chips to applications.<\/p>\n

Schmidt said that compared with the US, which had the world’s “most extraordinary capital market”, China lacked the same “depth of the financial market”, adding that Chinese start-ups literally “cannot get the money” to keep up in the AI race.<\/p>\n

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“Without that access to capital, it’s very hard to do these large models with this complicated training,” Schmidt said at a forum hosted by the Harvard Kennedy School on Monday, according to a video published on the school’s YouTube channel.<\/p>\n

Schmidt’s remarks reflected how a challenging Chinese economy and evolving start-up scene had already dampened the appetite of market-driven venture capital funds in recent years.<\/p>\n

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This trend has since been compounded by US restrictions that have prevented venture capital funds – historically among the largest sources of capital making lucrative bets on China’s tech and internet growth – from backing key Chinese sectors including AI, citing national security concerns.<\/p>\n

However, capital from the government and Big Tech firms had flowed in to make up for the lack of market-driven venture capital, according to analysts at PitchBook, a global start-up and venture capital data service firm.<\/p>\n<\/div>\n

Can China fund its AI push? Ex-Google CEO Eric Schmidt casts doubt<\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

China’s designs on supremacy in artificial intelligence could be hindered by a funding gap in the sector, according to former Google CEO Eric Schmidt, who gave a grim assessment of the country’s AI prospects as China and the US lock horns for dominance. However, analysts said that funding would not be a concern for China’s…<\/p>\n

Read More “Can China fund its AI push? Ex-Google CEO Eric Schmidt casts doubt”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":11648,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/11647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/comments?post=11647"}],"version-history":[{"count":0,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/11647\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media\/11648"}],"wp:attachment":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media?parent=11647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/categories?post=11647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/tags?post=11647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}