Briefing

Saudi sovereign wealth fund makes first known Silicon Valley investment since Khashoggi killing

The Saudi Public Investment Fund (PIF) put US$400 million into CloudKitchens, ex-Uber CEO Travis Kalanick’s new firm that builds kitchens and rents them to restaurants that prepare food exclusively for delivery services. Meanwhile, the U.S. has charged two former Twitter employees and one Saudi national with spying for the kingdom. (Wall Street Journal)

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