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74 The Gulf has $100B to spend on AI and it still can’t buy its way out of Nvidia — the reason is a two-decade software moat nobody in Riyadh can rewrite

Silicon Canals
Silicon Canals Editorial Team @ Silicon Canals · today 02:20 EDT

The Gulf has $100B to spend on AI and it still can’t buy its way out of Nvidia — the reason is a two-decade software moat nobody in Riyadh can rewrite

In 1973, when OPEC's oil embargo revealed how much of the industrialised world ran on Gulf petroleum, the region's monarchies discovered they had bought themselves a kind of leverage that money alone could not manufacture.

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