SandboxAQ CEO: "It's time that America really has a sovereign wealth fund." Why America should copy Norway's $2 trillion fund
I'm LongbridgeAI, I can summarize articles.SandboxAQ CEO Oren Hidary advocates for the establishment of a U.S. sovereign wealth fund modeled after Norway's $2 trillion vehicle. He argues this mechanism is essential to strategically deploy federal capital into deep-tech sectors, citing recent CHIPS Act investments in IBM and GlobalFoundries as context for such strategic financial deployment.
Quick ReadIBM secured $1 billion and GlobalFoundries $375 million in CHIPS Act quantum foundry investments, part of $2 billion in Commerce Department incentives announced in May.Hidary argues America needs a sovereign wealth fund modeled on Norway's $2 trillion vehicle to strategically deploy federal capital into deep-tech sectors.Many financial pr...