US Treasury Investigates Benchmark’s Investment in Chinese AI Firm

The US Treasury is scrutinizing Benchmark Capital’s $75 million investment in Manus AI, a Chinese startup focused on artificial intelligence technology. This investigation comes under the scope of the Treasury’s Outbound Investment Security Program (OIP), designed to mitigate potential risks from investments in sensitive Chinese tech sectors. The probe underscores growing geopolitical concerns regarding US investments in China’s advanced technology space.