Jane Lanhee Lee / Bloomberg:
Sources: CFIUS forced Aramco Ventures’ Prosperity7 fund to sell its stake in AI chip startup Rain AI in the past year; Prosperity7 led Rain’s 2022 $25M raise — – Aramco Ventures’ Prosperity7 sold Rain AI shares to Grep VC — Altman met Middle East funds for an Nvidia rival chip firm
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The post Sources: CFIUS forced Aramco Ventures’ Prosperity7 fund to sell its stake in AI chip startup Rain AI in the past year; Prosperity7 led Rain’s 2022 $25M raise (Jane Lanhee Lee/Bloomberg) appeared first on WorldNewsEra.