Science & Technology

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.

Robyn Klingler-Vidra and Juergen Braunstein explore whether it is enough to throw huge sums of money into the Venture Capital industry to boost innovation and entrepreneurship.

Juergen Braunstein and Marion Laboure explore what countries moving to tax the tech giants could do next.

Elon Musk jolted markets and shareholders when he tweeted his intention to take his electric car company, Tesla, private. Saudi billions, he proposed, could help the company escape the pressures of being publicly listed. In a blog post, Musk said that “the Saudi Arabian sovereign wealth fund [had] approached [him] multiple times about taking Tesla private”.

Ask almost any U.S. Navy officer about mine warfare and the reply most likely will center on efforts to recapitalize the service’s surface and airborne mine countermeasures capabilities. It would be unusual to receive a response that has anything to do with the actual use of maritime mines by the United States or friendly nations.

The Navy’s response has been to dedicate additional resources and intellectual firepower to countermine warfare in an effort to preserve its freedom of maneuver. However, the service has overlooked the other half of the lesson: mines are a cheap and disruptive weapon in naval warfare.

In this installment of “Conversations in Diplomacy," the Future of Diplomacy Project's Faculty Director Nicholas Burns is joined by Sir John Sawers, the former Chief of the Secret Intelligence Service, MI6, for a conversation on tackling global security challenges in the digital age and the changing nature of intelligence agencies.

Argentina’s experience with inflation holds crucial lessons for other countries in the years to come.