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17.02.26 - 13:24
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Uber adds fuel to fire as Türkiye′s Getir sue Abu Dhabi′s Mubadala for betrayal (Times of India)
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Co-Founders Nazım Salur and Serkan Borançılı of Turkish food and grocery delivery startup, Getir, have filed a $700 million lawsuit against Abu Dhabi investor Mubadala Investment Company. They allege the sovereign wealth fund breached a 2024 restructuring agreement by withholding key assets, including the valuable Getir Finance platform. This legal action escalates a dispute following Uber's acquisition of Getir's Turkish operations....
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19.12.25 - 02:09
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Did Abu Dhabi Just Deliver A Santa Rally: OpenAI To Raise $100BN From Sovereign Wealth Funds (ZeroHedge)
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Did Abu Dhabi Just Deliver A Santa Rally: OpenAI To Raise $100BN From Sovereign Wealth Funds
While the broader stock market has meandered both higher and lower in the subsequent two months, the Mag 7 trade peaked on Oct 31 and has been drifting sideways - and lower - ever since.
What happened on that date? That was the day of the infamous All Things podcast, in which Brad Gerstner (an OpenAi investor) pointed out that the emperor is, indeed, naked and asked Sam Altman how a company with $13BN in revenue can afford $1.4 Trillion in commitments. Altman's non-reply? “Happy to find a buyer for your shares.” Translation: No answer... and how could Sam possibly answer: after all there is no way on earth that OpenAI could ever grow into its future obligations absent a miracle, an act of God... or uncle Sam.
A few days later, Altman delivered a far more troubling answer, and one which connected the mathematical dots for everyone, when it was reported that OpenAI was seeking a government guarante...
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20.07.25 - 02:36
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From TikTok to Huawei, Chinese tech giants flock to Arab tech hub Dubai (SCMP)
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Chinese tech giants from ByteDance and Huawei Technologies to Alibaba Group Holding are playing an increasingly important role in Dubai's burgeoning tech industry, as the emirate seeks to diversify its economy beyond its historical reliance on oil.
Central to that transformation is the Dubai Internet City (DIC) – a tech park near the upscale neighbourhood of Palm Jumeirah, a palm tree-shaped archipelago – which hosts global Big Tech companies including Microsoft, Google and Amazon.com, along......
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