Report
New Mexico’s oil windfall becomes a $2 billion venture capital bet
The Information reports that a change in the state’s sovereign wealth fund approach has brought money to Silicon Valley.
TLDR
The Information reports that a change in how New Mexico’s sovereign wealth fund approaches venture capital has brought money to Silicon Valley. The outlet describes the state’s oil windfall as a $2 billion venture capital bet and says the shift lets New Mexico share in the AI boom.
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