Biden Forces King Salman’s Money Withdrawn Startup Boss ChatGPT Tech – 19 hours ago

Jakarta, CNBC Indonesia – Joe Biden’s government is forcing Saudi Aramco-affiliated startup investors to sell their shares in OpenAI CEO Sam Altman’s artificial intelligence startup. OpenAI is the company behind ChatGPT.

Reuters quote Bloomberg stated that Aramco-owned Prosperity7 was being pressured to sell their stake in Rain Neuromorphics.

Rain Neuromorphics (Rain AI) is a company that develops chips designed to mimic how the brain works. The startup, which is headquartered in Silicon Valley, has raised US$ 25 million in funding in 2022.

Prosperity7 shares were forced to sell following a review by the US Committee on Foreign Investment (CFIUS). CFIUS reportedly stated that King Salman’s investment in Rain AI had national security implications. Prosperity7 is said to be mandatory within the next year.

Sam Altman CEO ChatGPT (Getty Images/Win McNamee)

The US Department of the Treasury, as CFIUS’s oversight agency, stated “CFIUS is committed to taking all actions within its authority to safeguard US national security. Consistent with applicable law and practice, CFIUS does not comment on whether or not it reviews transactions.”

CFIUS is composed of representatives from various US government agencies tasked with reviewing foreign investments in US companies or real estate located in the US that have national security implications.

According to Reuters, The US has taken several steps to hinder AI development in the Middle East. In August, the US banned Nvidia and AMD from exporting AI chip technology to the Middle East.

[Gambas:Video CNBC]

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