Think this will make it easier for them to invest in strategically important technologies (like AI) in adversarial countries (China) without getting pushback like they have been
TLDR: Main reason for the split is conflicts between portfolio companies in different regions (eg Stripe in the US, vs Airwallex in China, vs unnamed in India all going global and competing with each other), and increasing complexity of centralized back-office regulatory compliance operations across these different regions.