Monday, May 19, 2025

Sam Altman calls critics of Trump's UAE AI deals 'naive'

Sam Altman defended AI deals between the US and Gulf countries, dismissing critics as naive. These deals, involving companies like Nvidia, AMD, and OpenAI, aim to boost AI development in the region. However, US lawmakers worry about potential access for China to advanced AI chips through these partnerships, highlighting concerns over technology transfer and security vulnerabilities.

from Tech-Economic Times https://ift.tt/sQIXwzn

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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...