{"id":147594,"date":"2025-09-24T18:52:36","date_gmt":"2025-09-24T16:52:36","guid":{"rendered":"https:\/\/www.startupbusiness.it\/we-are-all-financing-the-war-from-our-smartphones\/147594\/"},"modified":"2025-09-25T14:54:47","modified_gmt":"2025-09-25T12:54:47","slug":"we-are-all-financing-the-war-from-our-smartphones","status":"publish","type":"post","link":"https:\/\/www.startupbusiness.it\/en\/we-are-all-financing-the-war-from-our-smartphones\/147594\/","title":{"rendered":"We are all financing the war, from our smartphones"},"content":{"rendered":"\n<p>Some singers have already withdrawn their music from Spotify, and campaigns have been launched on social media to cancel subscriptions to the platform, based on the idea that continuing to pay for the platform would be tantamount, at least indirectly, to contributing to the financing of a military company. All it took was the news that <strong>Spotify CEO Daniel Ek had invested \u20ac600 million in Helsing, a German start-up specialising in military technology that develops drones and defence systems based on artificial intelligence<\/strong>. Spotify responded by emphasising that the company operates separately from Helsing.  <\/p>\n\n<p>At the same time, in <a href=\"https:\/\/www.startupbusiness.it\/en\/start-ups-war-and-financial-speculation\/147526\/\" target=\"_blank\" rel=\"noreferrer noopener\">this week&#8217;s editorial,<\/a> we highlighted how a narrative is spreading, originating from a series of articles appearing in many media outlets, which emphasise how the <strong>Israeli state&#8217;s economy has been improving since the campaign to invade and destroy Palestine began:<\/strong> <\/p>\n\n<p>One of these articles, published a few days ago in an Italian financial newspaper, had a headline highlighting how the Israeli stock market has been steadily rising over the last two years, i.e. since the invasion of Gaza began, and how start-ups are growing \u2013 according to the headline \u2013 &#8216;despite the war&#8217;. <strong>And this is where the mistake lies: start-ups based in Israel are not growing despite the war, they are growing precisely because there is a war.&#8221;<\/strong><\/p>\n\n<p>If one were to defend the logic and position taken by musicians and Spotify users who want nothing to do with this platform because it profits from war, the same reasoning could be extended both to the root cause \u2013 investment funds and investors who invest in start-ups that develop such platforms \u2013 and to current and future European start-ups.<\/p>\n\n<p>In <a href=\"https:\/\/www.startupbusiness.it\/en\/startups-and-rearm-europe-from-green-to-dual-use-to-develop-innovation\/145236\/\" target=\"_blank\" rel=\"noreferrer noopener\">this other article,<\/a> we denounced the <strong>concept of &#8220;dual use&#8221;<\/strong>, i.e. <strong>technologies that can be valuable and useful for both civilian and military purposes. This concept is used by the European Investment Bank (EIB) itself, which, if before  <\/strong>It was unable to finance the defence sector, but now, thanks to this concept, it has been able to update its rules for financing SMEs in the security and defence sector, opening up credit lines dedicated to a large number of small businesses and innovative start-ups that need financing for dual-use projects.<\/p>\n\n<p>All this developed with the launch of <strong>Rearm Europe, which would allocate part of the \u20ac800 billion to start-ups whose core business lies in civil and military applications.<\/strong> <\/p>\n\n<p>Obviously, it is one thing to invest in defence technology companies located in countries that want war, but quite another to invest in countries that want to defend themselves against it.<\/p>\n\n<p>However, if we were to validate the reasoning behind boycotting Spotify, i.e. no longer wanting to use a platform because either it or its founder would somehow profit from the war, we would have to apply the same rhetoric to other platforms.<\/p>\n\n<p><strong>So we should no longer use Facebook, WhatsApp, Instagram, Telegram, LinkedIn, Amazon, TikTok, ChatGPT, YouTube \u2013 or Google (Alphabet) in general.<\/strong><\/p>\n\n<p>The American Friends Service Committee (AFSC), an international organisation committed to fighting injustice globally, has compiled a list of &#8220;<strong>Companies profiting from the Israeli attacks on Gaza in 2023-2024&#8243;<\/strong>. This list includes Microsoft (and therefore ChatGpt), Alphabet (and therefore YouTube, etc.) and Amazon. <\/p>\n\n<h2 class=\"wp-block-heading\">Alphabet (Google) and Amazon<\/h2>\n\n<p><strong><a href=\"https:\/\/www.aljazeera.com\/news\/2024\/4\/23\/what-is-project-nimbus-and-why-are-google-workers-protesting-israel-deal?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Project Nimbus<\/a> is a $1.2 billion contract signed in 2022 between the Israeli government and Google and AWS for cloud\/AI services for ministries and the armed forces.<\/strong> So far, it has been widely debated both internally and externally through protests and sit-ins. For these reasons, in 2024, Google itself dismissed employees who protested against the project. On that occasion, Google stated that it had dismissed other employees after the investigation gathered details from colleagues who had suffered &#8216;physical disturbances&#8217; and identified employees who wore masks and did not carry their badges to hide their identity. It never specified how many were dismissed.    <\/p>\n\n<h2 class=\"wp-block-heading\">Microsoft<\/h2>\n\n<p>Linkedin <\/p>\n\n<p>Since 2016, any capital for LinkedIn has come from Microsoft. Although there have been no direct investments by Microsoft in &#8216;war-tech&#8217; start-ups (drones, counter-drones, weapon systems, etc.) in the last two years, there has been indirect\/commercial involvement: the provision of cloud\/AI services (Azure) to the Israeli Ministry of Defence\/IDF by Microsoft during the war in Gaza and <a href=\"https:\/\/en.globes.co.il\/en\/article-microsoft-launches-israel-cloud-region-1001462228?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">the opening of the &#8216;Israel Central&#8217; cloud region<\/a><strong>. <\/strong>Of course, these are not equity investments in start-ups, but service and cloud infrastructure contracts. <a href=\"https:\/\/www.theguardian.com\/world\/2025\/jan\/23\/israeli-military-gaza-war-microsoft?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener\">The Guardian reported $10 million in technical support\/services. <\/a>Microsoft has acknowledged the provision but claims to have no evidence of use to cause harm to civilians.  <\/p>\n\n<p>OpenAI <\/p>\n\n<p>Microsoft has invested tens of billions in OpenAI (the producer of ChatGPT) from 2019 to 2023 and has an agreement that makes it one of the main stakeholders. Microsoft holds a substantial stake in OpenAI&#8217;s for-profit vehicles. <a href=\"https:\/\/en.wikipedia.org\/wiki\/OpenAI?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Some sources <\/a>speak of a stake of around 49% in OpenAI&#8217;s for-profit vehicle (OpenAI Global\/OpenAI LP) under the terms of the profit-sharing agreements. <\/p>\n\n<p>In February 2024, around 30 activists gathered at the entrance to OpenAI&#8217;s headquarters in San Francisco after the company <a href=\"https:\/\/www.aljazeera.com\/news\/2024\/4\/23\/what-is-project-nimbus-and-why-are-google-workers-protesting-israel-deal?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">quietly removed the ban on &#8216;military and warfare use&#8217; from its usage policies<\/a> the previous month. OpenAI later confirmed that it was collaborating with the US Department of Defence on open source software solutions for cybersecurity. <\/p>\n\n<h2 class=\"wp-block-heading\">Meta<\/h2>\n\n<p>The company that owns the social networks WhatsApp, Instagram, and Facebook received <a href=\"https:\/\/www.hrw.org\/report\/2023\/12\/21\/metas-broken-promises\/systemic-censorship-palestine-content-instagram-and?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">complaints from NGOs and media outlets about bias and excessive removal of pro-Palestinian <\/a><a href=\"https:\/\/www.theguardian.com\/technology\/2023\/dec\/19\/facebook-moderation-israel-hamas-videos?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">content <\/a>in 2023\u20132024.<\/p>\n\n<p>To date, both Meta and Alphabet continue to have offices and research and development teams in Tel Aviv\/Jaffa and Haifa. Only recently, in 2024, was Verily (Alphabet group) closed. <\/p>\n\n<h2 class=\"wp-block-heading\">Telegram<\/h2>\n\n<p>BlackRock <a href=\"https:\/\/www.reuters.com\/world\/middle-east\/abu-dhabis-ihc-partners-with-blackrock-launch-1-billion-reinsurance-venture-2025-05-09\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">was listed among the subscribers to the Telegram 2025 bond<\/a>. The <a href=\"https:\/\/www.msci.com\/documents\/10199\/255599\/msci-israel-imi-capped-index-usd-net.pdf?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">iShares MSCI Israel ETF<\/a> <strong>(EIS)<\/strong> is managed by BlackRock and provides broad-market exposure to Israeli equities, including listed defence companies such as Elbit Systems (i.e. indirect exposure via the public market, not venture capital). An ETF (Exchange Traded Fund) is a fund listed on the stock exchange that replicates an index (e.g. S&amp;P500, MSCI Israel, etc.). It works like a &#8216;basket&#8217; of shares: if you buy the ETF, you own a small portion of all the shares in that basket. ETFs usually have low costs and are used by institutional and retail investors to gain quick exposure to a market. &#8220;Broad-market&#8221; means that the ETF does not select a few specific companies, but replicates an entire market or broad sector. For example: the iShares MSCI Israel ETF (ticker: EIS) replicates the MSCI Israel index, i.e. it includes most Israeli companies listed on the Tel Aviv or Wall Street stock exchanges. It includes banks, hi-tech, telecommunications, energy, and even defence companies (such as Elbit Systems). It is not a &#8216;thematic&#8217; fund (focusing only on defence or only on technology), but a fund that tracks the entire Israeli stock market. In short, when BlackRock bought the EIS ETF, it automatically bought shares in Elbit Systems (defence), as well as in Israeli banks, telecoms and tech start-ups listed on the stock exchange. BlackRock did not explicitly decide to invest in Elbit: it does so because the ETF tracks the Israeli market as a whole.         <\/p>\n\n<h2 class=\"wp-block-heading\">Numbers and start-ups<\/h2>\n\n<p>That is why, in just one year<strong>, <\/strong><a href=\"https:\/\/www.jpost.com\/defense-and-tech\/article-862438?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">the landscape of Israeli start-ups in the defence technology sector has almost doubled.<\/a> In 2024, there were 160 start-ups related to the defence sector. Today, that number stands at 312, with a growth rate of 95%, far exceeding that of the United States (17%) and the United Kingdom (20%) over the same period.  <\/p>\n\n<p>That is why, in the <a href=\"https:\/\/sifted.eu\/articles\/europe-defence-tech-h1-2025?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">first six months of 2025, venture capital funds invested around \u20ac946.3 million<\/a> in European defence\/military tech start-ups \u2014 a significant increase on the previous year. <\/p>\n\n<p>That is why <strong>Andrew Bosworth,<\/strong> chief technology officer at Meta Platforms, <a href=\"https:\/\/economictimes.indiatimes.com\/tech\/technology\/metas-push-into-defense-tech-reflects-cultural-shift-cto-says\/articleshow\/121641153.cms?utm_source=chatgpt.com&amp;from=mdr\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">said that<\/a> &#8220;<strong>the tide has turned&#8221; in Silicon Valley and that it has become more appealing for the technology industry to support the efforts of the US military.<\/strong><\/p>\n\n<p>That is why Meta <a href=\"https:\/\/about.fb.com\/news\/2025\/09\/strengthening-us-national-security-by-making-llama-available-to-key-allies\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">announced yesterday <\/a>that it will extend access to Llama models (open source LLM models freely available on the Hugging Face platform, ed.) to defence agencies in allied countries (EU, Japan, NATO) for national\/security purposes. (<em>photo by <a href=\"https:\/\/unsplash.com\/it\/@tongsu?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash\">Tong Su <\/a>on <a href=\"https:\/\/unsplash.com\/it\/foto\/un-cartello-blu-che-dice-stop-war-on-it-qNQyabUklfc?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash\">Unsplash<\/a><\/em>)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Campaigns to boycott online services, as recently happened with Spotify, should be extended to all big tech companies<\/p>\n","protected":false},"author":125,"featured_media":147577,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1346],"tags":[2236,1143,1934],"companies":[],"journalist":[1515],"class_list":["post-147594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-must-read","tag-europa-en","tag-investments","tag-mondo-en","journalist-giacomo-mele-en"],"featured_sizes_urls":{"thumbnail":{"src":"https:\/\/www.startupbusiness.it\/wp-content\/uploads\/2025\/09\/tong-su-qNQyabUklfc-unsplash.webp","width":150,"height":100,"crop":false,"srcset":false,"alt":"big tech guerra"},"large":{"src":"https:\/\/www.startupbusiness.it\/wp-content\/uploads\/2025\/09\/tong-su-qNQyabUklfc-unsplash.webp","width":1024,"height":682,"crop":false,"srcset":false,"alt":"big tech guerra"},"2048x2048":{"src":"https:\/\/www.startupbusiness.it\/wp-content\/uploads\/2025\/09\/tong-su-qNQyabUklfc-unsplash.webp","width":1280,"height":853,"crop":false,"srcset":false,"alt":"big tech guerra"}},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>We are all financing the war, from our smartphones<\/title>\n<meta name=\"description\" content=\"Campaigns to boycott online services, as recently happened with Spotify, should be extended to all big tech companies\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.startupbusiness.it\/en\/we-are-all-financing-the-war-from-our-smartphones\/147594\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We are all financing the 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Abirascid\"},\"description\":\"Emil Abirascid (\u30a8\u30df\u30fc\u30eb\u30fb\u30a2\u30d3\u30e9\u30b7\u30c3\u30c9), giornalista, fondatore e direttore di Startupbusiness, il primo magazine sull\u2019ecosistema startup e innovazione italiano. Co-fondatore di Designtech, l\u2019hub di innovazione che avvicina il mondo del design con quello della tecnologia. Advisor di Austrian Business Agency, Emil Banca, Fondazione Symbola, Fondazione Quadrans. Partecipa regolarmente a incontri, convegni, conferenze dedicate all\u2019ecosistema dell\u2019innovazione. E\u2019 stato co-organizzatore degli Italian Innovation Day and Series che si sono svolti dal dal 2016 al 2020 nelle citt\u00e0 di Tokyo in Giappone, Melbourne, Adelaide, Perth, Canberra in Australia e Singapore e co-organizzatore dell\u2019Italy India Innovation Day di AIICP 2021 e 2022. Ha curato il volume \u2018L\u2019innovazione che non ti aspetti. Contesti e visioni per l\u2019impresa\u2019 , l\u2019edizione italiana di \u2018La startup digitale, guida pratica step by step\u2019 e ha scritto la prefazione all\u2019edizione italiana de \u2018La quarta era\u2019 di Byron Reese, ed \u00e8 co-autore di \u2018Cosa e Dove: strategie digitali di ricerca del lavoro\u2019, tutti editi da FrancoAngeli. In passato \u00e8 stato curatore di StartupDigest Italy, coordinatore scientifico del Forum per la Ricerca della Provincia Autonoma di Trento, board member di TechChill Milano advisor di di ScaleIT , ha collaborato con Il Sole 24 Ore \u00e8 stato direttore di Innov\u2019azione, bimestrale edito da Apsti, ha collaborato con Corriere Innovazione ed \u00e8 stato presidente del comitato di selezione del Premio Marzotto e advisor di Cetif-Universit\u00e0 Cattolica Milano.\",\"sameAs\":[\"https:\\\/\\\/www.abirascid.com\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/in\\\/emilabirascid\",\"https:\\\/\\\/x.com\\\/emilabirascid\"],\"url\":\"https:\\\/\\\/www.startupbusiness.it\\\/en\\\/author\\\/emil-abirascid\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"We are all financing the war, from our smartphones","description":"Campaigns to boycott online services, as recently happened with Spotify, should be extended to all big tech 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giornalista, fondatore e direttore di Startupbusiness, il primo magazine sull\u2019ecosistema startup e innovazione italiano. Co-fondatore di Designtech, l\u2019hub di innovazione che avvicina il mondo del design con quello della tecnologia. Advisor di Austrian Business Agency, Emil Banca, Fondazione Symbola, Fondazione Quadrans. Partecipa regolarmente a incontri, convegni, conferenze dedicate all\u2019ecosistema dell\u2019innovazione. E\u2019 stato co-organizzatore degli Italian Innovation Day and Series che si sono svolti dal dal 2016 al 2020 nelle citt\u00e0 di Tokyo in Giappone, Melbourne, Adelaide, Perth, Canberra in Australia e Singapore e co-organizzatore dell\u2019Italy India Innovation Day di AIICP 2021 e 2022. Ha curato il volume \u2018L\u2019innovazione che non ti aspetti. Contesti e visioni per l\u2019impresa\u2019 , l\u2019edizione italiana di \u2018La startup digitale, guida pratica step by step\u2019 e ha scritto la prefazione all\u2019edizione italiana de \u2018La quarta era\u2019 di Byron Reese, ed \u00e8 co-autore di \u2018Cosa e Dove: strategie digitali di ricerca del lavoro\u2019, tutti editi da FrancoAngeli. In passato \u00e8 stato curatore di StartupDigest Italy, coordinatore scientifico del Forum per la Ricerca della Provincia Autonoma di Trento, board member di TechChill Milano advisor di di ScaleIT , ha collaborato con Il Sole 24 Ore \u00e8 stato direttore di Innov\u2019azione, bimestrale edito da Apsti, ha collaborato con Corriere Innovazione ed \u00e8 stato presidente del comitato di selezione del Premio Marzotto e advisor di Cetif-Universit\u00e0 Cattolica Milano.","sameAs":["https:\/\/www.abirascid.com\/","https:\/\/www.linkedin.com\/in\/emilabirascid","https:\/\/x.com\/emilabirascid"],"url":"https:\/\/www.startupbusiness.it\/en\/author\/emil-abirascid\/"}]}},"author_name":"Emil Abirascid","categories_names":["Must Read"],"_links":{"self":[{"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/posts\/147594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/users\/125"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/comments?post=147594"}],"version-history":[{"count":1,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/posts\/147594\/revisions"}],"predecessor-version":[{"id":147595,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/posts\/147594\/revisions\/147595"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/media\/147577"}],"wp:attachment":[{"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/media?parent=147594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/categories?post=147594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/tags?post=147594"},{"taxonomy":"companies","embeddable":true,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/companies?post=147594"},{"taxonomy":"journalist","embeddable":true,"href":"https:\/\/www.startupbusiness.it\/en\/wp-json\/wp\/v2\/journalist?post=147594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}