AI Giant G42 Cuts Ties With China, Seeks More Presence in US

Published on February 13, 2024

Tech firm G42 is shifting its focus from China to American and other Western markets following concerns raised by U.S. lawmakers about its association with China’s communist regime. In an interview with Bloomberg published on Monday, the chief executive of G42, Xiao Peng, said: “All of our China investments that were previously made are already divested. … Because of that, of course, we have no need anymore for any physical China presence.” The company’s move comes amid increasing scrutiny over its ties to Chinese business. The House Select Committee on the Chinese Communist Party (CCP) has asked the Commerce Department to consider imposing sanctions on G42 and its subsidiaries, saying that the group “works extensively” with the Chinese regime’s military, intelligence services, and state-owned entities....

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