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Google is doing something similar for students pursuing certificates in data analytics, digital marketing and e-commerce, IT support, project management and other fields.

Along with AI, investors also financed startups and established businesses in healthcare, e-commerce and defense technology, underscoring how investment in the L.A. market has diversified in recent years beyond ad tech businesses and video apps.

This ended in early May, leaving Chinese e-commerce giants facing hefty US tariffs of 120%.

There had been fears that the Chinese e-commerce giants could then flood the European market with cheap goods, as products originally destined for the US would have to be dumped elsewhere.

He added the merger would "further expand our access into the European and global e-commerce markets".