An angel investor is an investor who provides early-stage capital to startups and entrepreneurs in exchange for ownership equity. That is not a grant or initial state funding. That is ownership. There are very few examples, especially prior to Trump, of government ownership/stakes of public companies.

But I will concede this: Due to the opaque nature of the Chinese economy to public scrutiny, we might never know.

I am sure, however that substantial use of Chinese inference (not their models per se, but on their servers) is, in aggregate, presents a substantial national security risk for the West. Heck, AI all by itself, without even considering other nations, is a national security threat of the near future, where national security is broadly construed as any threat against its people's welfare, no matter the actor.