Compute-for-Capital: End of The Offshored Empire (Part 2)

The old bargain was goods-for-debt. The new one is compute-for-capital. America is asking the Gulf to pay for it.

Grüezi!

• In the dying days of the Biden presidency, America wrote its worldview into compute.

• The AI Diffusion Rule, finalised on 15 January 2025, divided the world by access to advanced chips.

• The inner circle — most NATO members, plus Japan, South Korea and Taiwan — kept broad access. China, Russia and Iran were outside the system.

• Gulf states sat in the …