OpenAI Commits $51 Million to Chip Startup Rain AI

CEO Sam Altman's personal investment in Rain AI under scrutiny as Saudi Aramco's VC firm is forced to divest

OpenAI has signed a letter of intent to spend $51 million on chips from Rain AI, a startup in which OpenAI CEO Sam Altman has personally invested over $1 million.
Rain AI, based in San Francisco, is developing a neuromorphic processing unit (NPU) designed to replicate features of the human brain.
Rain AI recently underwent a leadership reshuffle, with founding CEO Gordon Wilson stepping down to become an executive advisor.
Saudi Aramco's investment vehicle Prosperity7, which led a funding round for Rain AI last year, was forced to sell its shares due to scrutiny from the Committee on Foreign Investment in the United States (CFIUS).
Rain AI is projecting to deliver its first hardware to customers as early as October next year.