The Trump administration’s big Intel investment comes from already awarded grants ... and more Tech news
TechCrunch Industry News · TechCrunch
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Show Notes
Intel officially announced an agreement with President Donald Trump’s administration on Friday afternoon, following Trump’s statement that the government would be taking a 10% stake in the struggling chipmaker. While Intel says the government is making an “$8.9 billion investment in Intel common stock,” the administration does not appear to be committing new funds. Instead, it’s simply making good on what Intel described as “grants previously awarded, but not yet paid, to Intel.” Also, Meta’s former policy chief Nick Clegg seems to be walking a tightrope as he promotes his upcoming book, “How to Save the Internet.” And in a new blog post, OpenAI warns against “unauthorized opportunities to gain exposure to OpenAI through a variety of means,” including special purpose vehicles, known as SPVs.
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