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 … Read more
