AI Chips
UAE firm acquires 49% stake in Trump-linked crypto venture
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A UAE investment firm backed by a powerful royal has purchased a 49% stake in World Liberty Financial, a cryptocurrency company tied to the Trump family, for $500 million just days before Donald Trump's second inauguration. The deal, reportedly aimed at securing access to US AI technology, has sparked ethics concerns amid ongoing crypto legislation. Critics, including Senator Elizabeth Warren, have called for congressional scrutiny over potential conflicts of interest.
A member of Abu Dhabi's royal family acquired a significant stake in the Trump family's cryptocurrency venture, World Liberty Financial, for $187 million. This investment coincided with a reversal in U.S. policy allowing the transfer of advanced AI chips to the emirate's firm, G42. The deal has raised concerns about potential conflicts of interest in the Trump administration.
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Elon Musk has revealed Tesla's ambitious plans for its next generations of AI chips, extending from self-driving vehicles and robots to space-based computing. In a post on X, he outlined the capabilities of AI4 through AI7, emphasizing significant advancements in safety and applications. This roadmap highlights Tesla's push into diverse AI ecosystems beyond automotive uses.