Monday, May 12, 2025

How President Trump is leveraging the US' dominance in AI chips to secure strategic deals with Middle Eastern oil-rich countries like Saudi Arabia and the UAE (New York Times)

New York Times:
How President Trump is leveraging the US' dominance in AI chips to secure strategic deals with Middle Eastern oil-rich countries like Saudi Arabia and the UAE  —  As the president heads to the Middle East, America's dominance over A.I. chips has become a powerful source of leverage for the president.



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French accounting software startup Pennylane raised $204M led by TCV, a source says at a ~$4.25B valuation, with participation from Blackstone, DST, and others (Yazhou Sun/Bloomberg)

Yazhou Sun / Bloomberg : French accounting software startup Pennylane raised $204M led by TCV, a source says at a ~$4.25B valuation, with...