timelets

Two months after the March meeting, the administration committed to give the tiny Gulf monarchy access to around 500,000 of the most advanced AI chips a year—enough to build one of the world’s biggest AI data center clusters. The framework agreement called for roughly one-fifth of the chips to go to G42, The Wall Street Journal previously reported.

The agreement was widely viewed as a coup for the emirate’s ruling family, overcoming longstanding U.S. national security concerns and allowing the country to compete with the most powerful economies in the world at the cutting edge of AI advances. Proponents hailed the deal for unlocking a flood of investment into the U.S. and for helping entrench American technology as the global standard.

What wasn’t publicly known: Tahnoon’s emissaries had signed the deal to purchase 49% of World Liberty that January.

At the time of the investment, World Liberty had no products. It had raised $82 million by selling a token called WLFI. Aryam’s investment, though, didn’t give it the rights to future WLFI token sales, leaving the Tahnoon-backed entity out of what was then the company’s only source of revenue, the documents said.

https://www.wsj.com/politics/policy/spy-sheikh-secret-stake-trump-crypto-tahnoon-ea4d97e8