John Carlos BaezWhy is Musk now giving $45 million a month to support Trump? Why are other AI and crypto bros joining in?
It has a lot to do with Trump's choice for vice president, J. D. Vance. He's convinced them Biden will put limits on their power and needs to be stopped!
Vance worked for Peter Thiel, co-founder of PayPal and Palantir Technologies. Then Vance launched his own venture capital fund with backing from Thiel, Marc Andreessen and others. This team of right-wing tech billionaires helped Vance win his Senate seat. Now Vance is tapping them again.
From National Public Radio:
ALLYN: Many big players in Silicon Valley traditionally sat on the sidelines for presidential elections or voted for Democrats, but now that has changed. Samuel Hammond is an economist at the right-leaning think tank Foundation for American Innovation. He says many of the new financial backers of Trump and Vance are placing big bets on two industries - artificial intelligence and crypto.
SAMUEL HAMMOND: Whether that bet pays off depends entirely on the policy of the U.S. government.
ALLYN: Chafkin, the book author who is also a reporter at Bloomberg Businessweek, says there is a fear that AI policy in the Biden White House will be too heavy-handed.
CHAFKIN: They perceive - you know, to some extent, I think, correctly - that Joe Biden, less so than pretty much any president that they have encountered in their lifetimes, is not as willing to accommodate them.
ALLYN: Newly added to the Republican Party platform just in time for the RNC - repealing Biden's AI executive order that attempts to provide some modicum of AI oversight.
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