Using US VC dollars. Where their desks are isn’t really important.
That's such a silly argument. X, OpenAI and others have large Saudi investments. In the grant scheme of things the US is largely indebted to China and Japan.
Currency is interchangeable. Location might not be.
Increasingly where the desks and servers are is critical.
The cloud act and the current US administration doing things like sanctioning the ICC demonstrate why the locations of those desks is important.