Today in stalking British AI startups: The Chinese are coming

British AI talent is about to be given a boost after Founders Factory, a company specialising in growing startups, announced today that it will receive a "multimillion pound" investment from a top Chinese private equity firm. CSC Group is one of China's largest private equity firms, specialises in tech investment, and has previously pumped 400m into AngelList, an US startup accelerator. Now, the firm is turning its attention to the UK. CSC has agreed to a five-year deal with Founders Factory to invest in and scale five AI startups and co-create two new companies every year. "The partnership will build a bridge between AI talent in Europe and China; giving Founders Factory startups access to the Chinese market and Chinese talent the opportunity to enter the European tech ecosystem," Founders Factory said.