tech

April 30, 2026

Inside Wealth: Markets are underpricing the risk of Middle East pullback in AI, says tech investor Jack Selby

Middle East investors account for roughly a quarter of global AI investments over the next 5 years, said Jack Selby, managing director of Thiel Capital.

Inside Wealth: Markets are underpricing the risk of Middle East pullback in AI, says tech investor Jack Selby

TL;DR

  • Middle East investors account for about 25% of global AI investments planned over the next five years.
  • A pullback by these investors, potentially due to regional conflicts and rebuilding efforts, could impact AI infrastructure, data centers, and tech companies.
  • Selby believes markets are underpricing the risk associated with Middle East capital in AI.
  • The AI boom faces risks of overinvestment and speculation, similar to the dot-com bubble, with potential for greater wealth destruction.
  • Selby's investment strategy focuses on tech firms outside of major hubs like California, New York, and Massachusetts, seeking better value.
  • He criticizes many venture capital firms as 'zombie VCs' and cautions family offices against making direct investments without adequate expertise.

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