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submitted 1 month ago* (last edited 1 month ago) by hypercracker@hexbear.net to c/technology@hexbear.net

"But Middle Eastern money has become the most powerful geopolitical force in the tech industry virtually overnight. “The Khashoggi era is over,” said a prominent venture capitalist.

“Everyone I talk to is either going to or coming back from the UAE — the same way we used to swing by Sand Hill Road,” said Feldman, referring to the street that’s home to Silicon Valley’s storied venture capital firms. Feldman will visit Saudi Arabia later this year."

president-parrot-naked

"Some Silicon Valley companies have personal backchannels with U.S. officials: OpenAI CEO Sam Altman, who has taken at least four fundraising trips to the UAE to raise hundreds of billions for a massive new infrastructure company, internally dubbed InfraCo, is on a text message thread with Commerce Secretary Gina Raimondo, according to four of the people."

and people say the government doesn't respond to peoples' needs, that's top tier service

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this post was submitted on 13 Aug 2024
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