Trump Administration Considers Large Chip Sale to Emirati A.I. Firm G42
Posted inAltman, Samuel H Artificial Intelligence Commerce Department Computer Chips Group 42 (G42) Microsoft Corp NVIDIA Corporation Regulation and Deregulation of Industry Saudi Arabia United Arab Emirates United States International Relations

Trump Administration Considers Large Chip Sale to Emirati A.I. Firm G42

The firm, which the U.S. government scrutinized for its ties to China, is angling for hundreds of thousands of advanced artificial intelligence chips in a deal that could be finalized this week.
Pokémon Go Maker Niantic Sells Unit to Saudi Fund for $3.5 Billion
Posted inAugmented Reality (Computers) Computer and Video Games Mergers, Acquisitions and Divestitures Niantic Inc Pokemon (Fictional Characters) Pokemon Go (Video Game) Public Investment Fund (Saudi Arabia) Saudi Arabia Sovereign Wealth Funds United States

Pokémon Go Maker Niantic Sells Unit to Saudi Fund for $3.5 Billion

Scopely said it would buy Niantic’s video game business, which includes Pokémon Go, for $3.5 billion. Saudi Arabia’s sovereign wealth fund acquired Scopely in 2023.
Oil Prices Drop Amid Concerns Over Trump’s Tariffs and OPEC Increases
Posted inCanada China Customs (Tariff) Embargoes and Sanctions International Relations International Trade and World Market Iran Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Prices (Fares, Fees and Rates) Production Protectionism (Trade) Saudi Arabia Trump, Donald J United States United States Economy

Oil Prices Drop Amid Concerns Over Trump’s Tariffs and OPEC Increases

The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump more crude surprised the markets.