Energy

What the Iron Man-like character is claiming for his futuristic automotive company is not unheard of. On a systemic basis, mammoth institutional investment—especially from sovereign wealth funds (SWFs)—is flowing into start-ups and technology-oriented publicly traded companies. In this case, Saudi billions would help Mr Musk escape the pressures of being publicly listed. SWFs have invested large sums into high-growth start-ups promising innovation and financial returns. In fact, just this month, Saudi’s Public Investment Fund (PIF) announced a US$1bn investment in Tesla’s rival, Lucid, and a US$2bn stake in Tesla. The rise in SWF balance sheets and activity is having ramifications on global efforts to be more Silicon Valley-like, and on Silicon Valley itself.

Like revolutions in the past the on-going AI revolution will produce winners and losers. The first industrial revolution in the 18th century changed the world of production and paved the way for Britain’s global leadership. Similarly, the current digital revolution is redefining the service sector and China’s role in the world.

As George Orwell once observed, some ideas are so absurd that only the intelligentsia could hold them; ordinary people would not be so foolish. A case in point is a reported proposal to allow the Kingdom of Saudi Arabia to enrich uranium and reprocess spent reactor fuel—two activities that could bring it within weeks of acquiring nuclear weapons—under a developing civil nuclear cooperation agreement.

The Iran nuclear deal is deeply flawed. Its duration is too short, and it fails to require of Tehran the universally agreed-upon minimum for effective verification — a complete and correct declaration of all relevant activities. Nonetheless, it would be a mistake for President Donald Trump to renounce it now, as he is reportedly contemplating.

Putin and his government seek respect, stability from next U.S. administration, panel says.

What does Brexit mean for India? As a former British colony, the country enjoys particularly close economic, trade, political and cultural ties to the United Kingdom. India and South Asia Program Affiliate, Ronak Desai, examines how the relationship could be altered by the British exit from the European Union and possible outcomes.