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Big Tech macroeconomic trends

  • Writer: Arturo Devesa
    Arturo Devesa
  • Jun 9
  • 1 min read

The 2022 Russian invasion of Ukraine caused inflation from the sanctions against Russian energy worldwide. This caused the US Fed to raise rates significantly to 5%, decimating venture capital investments in Silicon Valley and tech. Austin was first to suffer and by 2024 large lay offs in Austin happened. In SV now only a small group of massive ai startups like openai drive the ecosystem.

 
 
 

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