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The AI arms race is now flush with Middle Eastern money and the Sand Hill VC crowd. “The Khashoggi era is over,” said a prominent venture capitalist. https://t.co/EIWla7CRYK by @lizzadwoskin @nakashimae @nitashatiku @Cat_Zakrzewski
New: The Middle East’s sovereign wealth funds have poured money into dozens of U.S. private tech funds with the expectation that some of those petro dollars will funnel back to the region. Now there are signs that venture capitalists and private equity funds are responding by…
Silicon Valley tech leaders are now openly embracing Middle Eastern oil money, giving Saudi and the UAE unprecedented influence in the U.S. tech industry. “The Khashoggi era is over,” said a prominent venture capitalist. https://t.co/qrOyztGga8 by @lizzadwoskin @nakashimae…
A new trend sees tech founders and VCs turning to Gulf states' sovereign wealth funds for funding, with the Middle East gaining significant influence in the tech industry. Silicon Valley leaders are now openly accepting Middle Eastern investments, signaling a shift in the industry dynamics. The Middle East's sovereign wealth funds have invested in U.S. tech funds, expecting returns to the region, prompting responses from venture capitalists and private equity funds. The influx of Middle Eastern money has intensified the AI arms race, with Sand Hill VC community also involved in the trend.