Middle East Sovereign Wealth Funds May Undermine AI Investment Growth, Warns Tech Investor Jack Selby

Tech investor Jack Selby warns that a potential pullback by Middle East sovereign wealth funds could drain hundreds of billions of dollars from the AI boom, impacting data centers and tech companies. Middle East investors account for about a quarter of global AI investments over the next five years, and a prolonged Iran conflict could lead to redirected capital toward domestic rebuilding efforts.

By Robert Frank · CNBC · April 30, 2026, 18:35 UTC

Tickers: $THC

Topics: AI investments capex spending data centers geopolitical risk Middle East investors

Read the full article at CNBC

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