Sad, but true. Now I don’t know if Confucius ever said that, but it seems that many American inventors and entrepreneurs developing innovative technologies for the U.S. military are finding more support from Chinese investors than from the Pentagon. For example, Neurala, a Boston start-up that makes robots and drones got little response from the American military when it needed money. But it landed an investment from a state-run Chinese company.
Beijing is encouraging Chinese companies with close government ties to invest in American start-ups specializing in critical technologies like artificial intelligence and robots to advance China’s military capacity as well as its economy. The size and breadth of these Chinese-U.S. deals are not clear because start-ups and their backers are not obligated to disclose them. Over all, China has been increasingly active in the American start-up world, investing $9.9 billion in 2015. Chinese investors have money and are looking for returns, while the Chinese government has pushed investment in ways to clean up China’s skies, upgrade its industrial capacity and unclog its snarled highways.
I bet that Donald Trump could personally help Neurala and other American technology start-ups, and make America Great Again. Save U.S. budget dollars by NOT flying his whole family around the world and NOT going to Mar-a-Lago every weekend. Maybe he too could begin investing in America’s future, just like the Chinese!