Experts say Chinese investors would be wary of backing AI startups building foundation models; PitchBook: in Q1, AI/ML VC funding in China fell 30% YoY to $1.2B (Rest of World)

Rest of World:
Experts say Chinese investors would be wary of backing AI startups building foundation models; PitchBook: in Q1, AI/ML VC funding in China fell 30% YoY to $1.2B  —  Investors believe practical AI applications will fuel the next wave of growth, with startups building on top of DeepSeek's foundation.