The U.S. Forces Saudi Arabia to Exit AI Chip Startup Supported by Altman
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The U.S. government has compelled a venture capital firm backed by Saudi Aramco to divest its shares in Rain Neuromorphics, a Silicon Valley-based AI chip startup. This startup, supported by OpenAI's Sam Altman, focuses on designing chips that mimic the way the human brain works. Following a review by the Committee on Foreign Investment in the United States, the Saudi fund was required to unwind the transaction within a year. This action could potentially impact the development of AI in the Middle East and underscores the U.S. government's heightened regulatory scrutiny over transactions involving national security.
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