upward bound

Thiel’s Selby says Mideast may reach one-quarter of AI spending

The Thiel Capital boss warns the ripple effect from geopolitical instability could damage the AI industry’s highly leveraged tech, infrastructure firms

Ramsey Cardy/Web Summit via Sportsfile via Getty Images

Jack Selby, Managing Director of Thiel Capital, at Web Summit Vancouver 2025

The Middle East could account for roughly a quarter of global AI infrastructure spending over the next five years, Thiel Capital Managing Director Jack Selby says.

If geopolitical instability forces delays or cancellations of investments in data...