The UAE’s OPEC exit frees up oil wealth as it bets big on AI
… G42, backed by the country’s sovereign wealth fund, is building the Stargate UAE campus for OpenAI, which will draw enough electricity to power several million homes. …
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Why state-owned AI won’t solve inequality
… OpenAI and Anthropic have both proposed a public or sovereign wealth fund to distribute wealth created by AI among the public. …
What the SpaceX IPO reveals about Gulf money in AI
… Unlike venture capital, sovereign wealth comes with conditions, and those conditions almost always involve building AI infrastructure on the investing country’s own soil. …
The agentic divide: Why “good enough” AI isn’t enough to survive the new economy
… Having access to agents that outpace others means “the outcomes of negotiations and transactions will be structurally biased towards those with greater access,” Srnicek said. “Agentic inequality can harden into systems of dominance.” AI-powered agents and robots could generate about $2.9 trillion i… …
The Gulf was Silicon Valley’s bet on the future. Trump has put it in the crosshairs
… The sovereign wealth question deserves more careful analysis than the most alarming headlines suggest. …
The AI-powered World Cup runs on thousands of data workers
… More than half the clubs in the Premier League are majority-owned by wealthy American individuals or U.S.-based firms. …
What to read: A summer book list
… Nonfiction History Computing in the Age of Decolonization: India’s Lost Technological Revolution By Dwaipayan Banerjee In this book, Dwaipayan Banerjee analyzes India’s failed attempt at building an independent computing industry despite its wealth of talent. …
Pope’s encyclical raises questions on who gets to shape AI
… But cultures can also act like religions, and the cultures of the U.S. and China are shaping AI systems now, he said. “It is likely that over time AI systems will become customized for the cultures that have enough power and wealth to enforce or pay for that customization,” said Green. “So there wi… …
The global edtech boom is fading as investors look elsewhere
… Other experiments in the space include AI-powered desk lamps and smart desks . …
India’s VCs are beating American investors at home
… Most local wealth stayed parked in real estate, gold, or public markets. …