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Fortune
Fortune
Sharon Goldman

Sam Altman’s quest for cheap AI power will be fueled by Middle East billions. But the true cost goes beyond money

(Credit: David Paul Morris/Bloomberg—Getty Images)

Hello and welcome to Eye on AI! In this edition…Wall Street's leading AI skeptic is at Goldman Sachs; Hollywood celebs urge Gavin Newsom to sign SB-1047; A highly anticipated AI startup comes out of stealth; and (surprise!) Russia is using AI for election influence efforts.

The president of the United Arab Emirates met with President Joe Biden yesterday to hammer out a deal to cooperate on AI issues. The geopolitical backdrop of the meeting was certainly complex—the Gulf nation wants easier access to U.S. technology, but the U.S. has restricted Gulf states from freely importing U.S.-made AI chips over concerns the technology could leak to China.

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