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Dec 1, 2023

US regulator compels Aramco to divest Altman-backed AI chip startup

Posted by in categories: finance, military, robotics/AI

Prosperity7, the venture capital fund of Aramco Ventures, invested in Rain Neuromorphics in February 2022.


Wikimedia Commons.

Moving aggressively in the AI arms race, Washington has compelled Saudi Aramco to sell its shares in Rain Neuromorphics Inc, an AI chip startup backed by OpenAI CEO Sam Altman, reported Bloomberg.

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