Nov. 30, 2023, 10:53 p.m. | Jane Lanhee Lee

Bloomberg Technology bloomberg.com

The Biden administration has forced a Saudi Aramco venture capital firm to sell its shares in a Silicon Valley AI chip startup backed by OpenAI co-founder Sam Altman, an exit that could have broader implications for the Middle Eastern country’s growing investments in US technology.

administration ai chip altman biden biden administration capital chip co-founder country exit founder fund investments openai sam sam altman shares silicon silicon valley startup technology valley venture venture capital

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