Big Tech macroeconomic trends
- 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.