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Neil Shen, a Chinese billionaire and former Sequoia Capital partner, is channeling nearly $9 billion of U.S. capital into Chinese AI startups. Despite U.S. investment restrictions on advanced AI firms, Shen has secured funding from sources like Calpers and the University of California.

His firm, HSG, has invested in AI companies such as Manus, which was sold to Meta for over $2 billion, and others like Moonshot AI. Shen's investments reflect a strategic approach to capitalize on U.S. technology trends while navigating geopolitical challenges.