Dec 25, 2023
US Compels Saudi Fund to Exit AI Chip Startup Backed by Altman
Posted by Kelvin Dafiaghor in categories: finance, robotics/AI
The Biden administration has forced a Saudi Aramco venture capital firm to sell its shares in a Silicon Valley AI chip startup backed by OpenAI co-founder Sam Altman, an exit that could have broader implications for the Middle Eastern country’s growing investments in US technology.