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Neil Shen, a Chinese billionaire and former Sequoia Capital partner, is investing nearly $9 billion from U.S. pension funds into Chinese AI startups through his firm, HSG. Despite restrictions on U.S. investments in certain Chinese AI firms, Shen raised funds before these rules were enacted.

His notable investments include Manus, sold to Meta for over $2 billion, and companies like Moonshot AI. In 2023, he topped Forbes's Midas List and has invested in 12 AI and robotics firms in China and 14 internationally. Shen acknowledges the geopolitical risks but emphasizes China's talent in building consumer applications.