US Pressures Saudi Fund to Withdraw from Altman-Backed AI Chip Startup

US Pressures Saudi Fund to Withdraw from Altman-Backed AI Chip Startup

The Biden administration has forced a Saudi Aramco-backed venture capital firm to sell its shares in a Silicon Valley AI chip startup backed by OpenAI co-founder Sam Altman. The U.S. Treasury Department said that CFIUS is committed to taking all necessary actions within its authority to safeguard U.S. national security. The administration’s actions reflect the growing importance of artificial intelligence

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