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📣 Celesta Capital Sets Sights on U.S. for AI Investments

posted  12 Apr 2024
Photo - Celesta Capital Sets Sights on U.S. for AI Investments
Celesta Capital, a venture firm managing over $1 billion in assets, has identified the United States as the best location for investments in artificial intelligence. This decision is largely influenced by the U.S.'s proactive policies to stimulate domestic chip manufacturing. Celesta has historically invested in AI, with a particular focus on healthcare and autonomous transportation sectors.
As investors in deep tech, we see tremendous opportunities, especially in the areas of AI and robotics, which seemed to suggest that the US opportunities are way ahead,
said Celesta's founding managing partner, Shriram Viswanathan.
Viswanathan also highlighted the segmentation of capital across various global regions, noting Celesta Capital’s active investments in India as opposed to China, due to the current geopolitical tensions between the U.S. and China.

Previously, the U.S. government provided grants to the Taiwanese company TSMC, which manufactures chips for many major American tech firms, to set up production stateside and invested in Intel to expand new manufacturing facilities and boost local production capabilities.
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