Читать книгу The Hunt for Unicorns - Winston Ma - Страница 29

This chapter focuses on sovereign investors' direct investments into the AI and digital technology sectors. These activities have contributed to geopolitical tensions and tightened cross-border regulations. Deal blockings are on the rise under the US CFIUS and similar regimes of the EU, Israel, and Australia. Meanwhile, also on the rise, this time for US institutions, are restrictions on investments into foreign jurisdictions like China.

Such developments will profoundly impact venture capital and the startup ecosystem in the US, China, and elsewhere, because sovereign capital, whether foreign SIF funds or US pension funds, has been a major source of funds for the latest tech boom. The chapter concludes with an exploration of tactics available to sovereign investors investing overseas into digital technology in this ring-fenced environment.