Trump, Russia and Moscow
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Explain how AI-related funding is being directed to the U.S. sovereign wealth fund.
President Trump has made no secret of his admiration of the vast riches of Gulf states and their sovereign wealth funds. His executive order to establish an American equivalent is rooted in the belief that these countries hold a competitive advantage over the U.S. because of their vast pools of state-directed capital.
Commerce Secretary Howard Lutnick has facilitated negotiations between Cove Kaz Capital Group and Kazakhstan’s sovereign wealth fund about a bid to develop two of the country’s largest deposits.
Sovereign wealth funds pulled $4.1 billion from United States stocks in the third quarter, while adding to their U.S. bond holdings by the most in at least three years, data showed on Wednesday.
India is exploring a large, multi-billion dollar sovereign wealth fund, potentially named the 'Bharat Sovereign Wealth Fund,' to create a permanent, non-tax revenue stream.
Founded in 2024, the Abu Dhabi investment vehicle has quickly become a major force in Trump administration deals, from the reported TikTok restructuring to a controversial $2 billion investment in Binance using the Trump family's stablecoin.