Is Big Money From Saudi Arabia A Threat To Tech?
Big money from Saudi Arabia will flow into tech ventures around the globe thanks to a new partnership between the Saudi government and Japanese telecoms giant SoftBank. The aim is to create a huge capital fund of more than $100 billion (that’s three-quarters of the total global revenue raised by venture capital-backed companies in 2015!) in order to accelerate technological breakthroughs. But what are the risks?
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