Wall Street Banks Finance Both Sides Of America AI Race With China

Wall Street’s biggest banks were helping finance America’s artificial intelligence boom while simultaneously raising billions of dollars for Chinese companies competing to build Beijing’s domestic AI and semiconductor industries. Goldman Sachs, Morgan Stanley, Citigroup and JPMorgan have participated in major Chinese AI, semiconductor and technology offerings in 2026 as Washington sought to restrict China’s access to sensitive American technology and investment. Wall Street banks acted as bookrunners on 19 Chinese high-tech…