News AI
July 18th, 2024

Why tech titans are turning toward Trump

Silicon Valley sees a shift in support towards Trump by tech elites like Elon Musk and David Sacks, citing concerns over government interference under Biden. Despite remaining mostly Democratic, the region shows a desire for a business-friendly environment.

Read original articleLink Icon
Why tech titans are turning toward Trump

Silicon Valley, traditionally a Democratic stronghold, is witnessing a shift in support towards former President Donald Trump. Tech elites like Elon Musk and David Sacks, along with venture capital firm Andreessen Horowitz, are openly endorsing Trump, citing concerns over government interference in their businesses under President Joe Biden. Despite this shift, Silicon Valley remains predominantly Democratic, with a majority of voters registered as Democrats. The support for Trump is partly driven by a desire for a more business-friendly environment. Trump's fundraising advantage over Biden, fueled by contributions from Silicon Valley patrons like Musk, poses a challenge for the Biden campaign. The shift in support towards Trump reflects concerns within Silicon Valley about government regulation impacting their industry, leading some tech leaders to openly back the Republican ticket.

Related

J.D. Vance is anti-Big Tech, pro-crypto

J.D. Vance is anti-Big Tech, pro-crypto

J.D. Vance, a Republican figure, criticizes Big Tech for bias, supports cryptocurrency, and advocates for tech breakup. He praises FTC efforts against monopolies and calls for relaxed crypto regulations. Vance's tech policy impact is uncertain.

Andreessen Horowitz co-founders explain why they're supporting Trump

Andreessen Horowitz co-founders explain why they're supporting Trump

The co-founders of Andreessen Horowitz support Trump over Biden in 2024 due to tech-friendly policies. They criticize Biden's regulations and taxes, favoring Trump's approach for tech industry growth and competitiveness.

Co-founders of Silicon Valley venture capital firm back Trump's presidential bid

Co-founders of Silicon Valley venture capital firm back Trump's presidential bid

Ben Horowitz and Marc Andreessen of A16Z publicly support Trump's re-election, citing his cryptocurrency stance. They donated $24 million to endorse him, aligning with their tech-driven vision amid growing tech sector Trump support.

'It's a Bitcoin Play': Mark Cuban Speaks on Silicon Valley's Support of Trump

'It's a Bitcoin Play': Mark Cuban Speaks on Silicon Valley's Support of Trump

Mark Cuban suggests Silicon Valley's backing of Trump is tied to Bitcoin opportunities under a Trump administration. Trump's embrace of Bitcoin and NFTs attracts tech leaders, potentially boosting Bitcoin amid economic uncertainties.

Trump allies want to "Make America First in AI" with sweeping executive order

Trump allies want to "Make America First in AI" with sweeping executive order

Allies of Trump draft AI executive order to enhance military tech, ease regulations. Proposal includes "Manhattan Projects" for military AI, industry-led agencies, and aligns with Republican party's AI development platform. Shifting political alliances noted.

Link Icon 5 comments
By @brookst - 4 months
The promise of a permanent poorly-educated underclass that provides cheap labor, plus no pesky environmental or financial regulations. Pretty much oligarch heaven.
By @FrustratedMonky - 4 months
It is funny because I was just watching interview with a right wing think tank, "American Compass", and they were very distinctly anti-tech, advocating to limit tech companies.

So which is it, are Republicans Pro-Tech or Anti-Tech, members of the party advocate both directions. So which way will they actually lean if voted in.

By @bell-cot - 4 months
They aren't modern tech titans because they're actually willing to let nice-sounding professed morals in get between them and the wealth/power they crave.

Betting that Biden might win? About like betting on a horse with a broken leg.

The courts have made it quite clear that back-in-power President Trump will not have to worry about any pesky Constitutions nor laws limiting what he can do. And America's rich & powerful are quite aware of how Mr. Putin dealt with the Russian oligarchs who failed to demonstrate steadfast loyalty to him.