Episode 38 - The Neophytes: Trump, Emirati Bribes(?), and Why We Decided to Purchase the Remaining 51% of World Liberty Financial

I’m not saying it was a bribe.

It is entirely possible that it makes good business and political sense to provide American-made AI chips to the United Arab Emirates. It is also possible that the rather shady Sheikh Tahnoon bin Zayed Al Nahyan, the brother of UAE President Mohamed bin Zayed Al Nahyan and manager of a $1.3 trillion business portfolio, decided to purchase 49% of World Liberty Financial, a fledgling crypto/decentralized finance company owned primarily by the Trump family, out of pure self-interest without any regard for who owned it (oh—just days before President Trump’s inauguration).

But on a scale of 1 to This Looks Awfully Bribey, the brother of the UAE president sending a $187 million down payment to various Trump family-controlled entities mere months before the Trump administration reverses a Biden administration decision* and agrees to provide AI chips to the UAE is probably an 8.5.

*For what it’s worth, reversing a Biden administration decision is not necessarily a bad thing, and if I were a Republican I would say it should probably be the default approach. However, the Biden administration’s hesitation on providing the UAE with the requested AI chips stemmed from concerns the chips would make their way to the Chinese; the CEO of G42, the Sheikh’s AI company, is Peng Xiao, born in China, once a U.S. citizen and now a UAE citizen. “Not giving China valuable technology” is a bipartisan concern—we can only assume it was thoroughly addressed prior to the deal being finalized.

On this episode of the Neophytes, Thomas and I discuss, well, pretty much this.

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