"The WSJ scoop, titled Spy Sheikh' Bought Secret Stake in Trump Company, detailed UAE Sheikh Tahnoon bin Zayed Al Nahyan's half-a-billion-dollar purchase of 49% of Trump's cryptocurrency company World Liberty Financial just four days before Trump became president for a second time. The deal with World Liberty Financial, which hasn't previously been reported, was signed by Eric Trump, the president's son."
"Tahnoon manages a fund of over $1.3 trillion in assets, including significant investments in AI. The WSJ adds: Under the Biden administration, Tahnoon's efforts to get AI hardware had been largely stymied over fears that the sensitive technology could be diverted to China. Of particular concern was one of Tahnoon's own companies, the AI firm G42, which had stoked alarm among intelligence officials and lawmakers over its close ties to the sanctioned tech giant Huawei and other Chinese firms."
Sheikh Tahnoon bin Zayed Al Nahyan purchased a 49% stake in World Liberty Financial for about $500 million four days before Donald Trump's second inauguration. Eric Trump signed the deal. At least $31 million was allocated to entities affiliated with Steve Witkoff's family, and Trump's chief Middle East negotiator held a major stake. Tahnoon oversees more than $1.3 trillion in assets with substantial AI investments. Efforts to acquire advanced AI hardware faced restrictions amid concerns about diversion to China, and Tahnoon's G42 had raised alarms over ties to Huawei. Early in the second term Tahnoon met with Trump and Witkoff and secured access to roughly 500,000 advanced AI chips per year.
Read at www.mediaite.com
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