𝐔𝐒 𝐅𝐨𝐫𝐜𝐢𝐧𝐠 𝐒𝐚𝐮𝐝𝐢 𝐅𝐮𝐧𝐝 𝐭𝐨 𝐏𝐮𝐥𝐥 𝐎𝐮𝐭 𝐨𝐟 𝐀𝐥𝐭𝐦𝐚𝐧-𝐁𝐚𝐜𝐤𝐞𝐝 𝐀𝐈 𝐂𝐡𝐢𝐩 𝐒𝐭𝐚𝐫𝐭𝐮𝐩

The United States government has forced Prosperity7, a venture capital firm affiliated with Saudi Aramco, into selling its stake in OpenAI co-founder Sam Altman’s AI chip startup in Silicon Valley. Following a review by the Committee on Foreign Investment in the US, Prosperity7, a leading investor in a 2022 financing round that raised $25 million for Rain AI, sold its shares. The United States is becoming increasingly resistant to entities that are believed to have strong links with China, and one aspect of this resistance is the increased examination of Middle Eastern wealth funds. Several multibillion-dollar agreements are currently under consideration by CFIUS due to worries that they may constitute threats to national security. One of Altman’s investments is in the artificial intelligence (AI) startup Rain AI, which models its chips like the brain. The presidential effort to limit China’s technical dominance, with an emphasis on semiconductors that will power future advancements like AI, makes the Prosperity7 selloff noteworthy.

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