Governments are pouring billions into national AI compute capacity, and the race is minting winners across silicon, real ...
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Sovereign wealth funds
Instead, they exist to ensure that today's natural resource revenues become tomorrow's productive capital. Professor Joseph Stiglitz, Nobel Laureate in Economics, summarised this principle succinctly: ...
In 2017, Maricá created a sovereign wealth fund to future-proof its royalties from oil drilling. But experts say it may not be the best investment strategy for U.S. cities.
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