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With Khashoggi, tech confronts its blood money
In 2015 we laughed at Hacking Team for getting hacked. Their profit-driven facilitation of human rights abuses around the world was somehow barely competent, but notorious. They sold illegal hackware and surveillance tech to brutal regimes and trained them in attacking citizens and journalists. We knew they were evil clowns. We just didn't expect what happened next.
SoftBank and Saudi Arabia to build world's biggest solar farm
SoftBank and Saudi Arabia have drawn up plans to build the world's biggest solar farm, which, if realized, would create 100,000 jobs in the kingdom and produce 200 gigawatts (GW) of energy. That's a third more than the global photovoltaic industry supplied worldwide last year.
SoftBank and Saudi Arabia tout the world's largest tech fund
It's normally not a big deal if a tech investment fund scores a lot of money (unless you're a startup CEO eager for cash), but the latest windfall is definitely an exception to the rule. After no shortage of hype, Sprint owner SoftBank and the Saudi Arabian government have secured their first major round for the Vision Fund, a tech investment group hoping to back "transformative technologies" ranging from biotech to communications. How major? About $93 billion dollars -- while that's not quite the $100 billion the creators are aiming for, that easily makes it the world's largest tech investment fund, not to mention the largest private equity fund. The remaining $7 billion should come by the time the Vision Fund finishes its money-raising efforts in about 6 months.
