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- OpenAI agreed to pay startup company Rain AI $51 million for when its chips are released, per Wired.
- OpenAI chief Sam Altman reportedly invested $1 million of his own money in the company.
- Saudi Aramco's VC firm Prosperity7 also invested but sold its sell shares, Bloomberg reported.
OpenAI signed a letter of intent to spend $51 million on chip startup Rain AI, Wired reported.
The ChatGPT-maker agreed in 2019 to pay out $51 million when the chips come out, according to Wired, which has seen a copy of the document detailing the deal.