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WSJ Tech News Briefing

Silicon Valley’s Swing Towards Trump

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 18 July 2024

⏱️ 12 minutes

🧾️ Download transcript

Summary

Elon Musk says he plans to donate $45 million a month to a pro-Donald Trump super PAC. It’s turbocharging Silicon Valley’s support for the former president. WSJ reporter Dana Mattioli joins host Zoe Thomas to discuss what’s behind Musk and other tech leaders' support for the Republican presidential nominee. Plus, China is putting the power of the state behind Chinese companies’ AI efforts. But WSJ reporter and editor Liza Lin explains they are also handcuffing those companies with political controls. Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:19.0

Welcome to Tech News Briefing. It's Thursday, July 18th. I'm Zoe Thomas for the Wall Street Journal.

0:29.0

Big names in Tech are putting their support in their money behind Donald Trump's

0:34.4

presidential campaign. We'll tell you whether it signals a brewing culture

0:38.8

change in traditionally liberal Silicon Valley. And then the Chinese government is putting a lot of resources behind the country's

0:47.1

generative artificial intelligence companies as they work to gain ground on U., but China's political controls threaten to weigh down

0:56.8

those efforts. We'll explain how that could affect China's position in the AI race.

1:11.4

But first, earlier this week we reported that Elon Musk has told people he will donate around 45 million dollars a month to a pro-Trump

1:16.2

super political action committee called America Pack. Other big Silicon Valley names

1:21.6

say they plan to donate to organizations supporting Trump too.

1:25.6

It seems to signal a shift in the historically liberal home of the tech sector.

1:30.7

Here to tell us more about this is our reporter Dana Matioli.

1:34.0

Dana, what do we know about why Musk is putting so much money into America Pack?

1:40.0

Elon Musk, we've noticed this political shift with him over the last year or so.

1:45.8

Prior elections, he's been an independent or he's acknowledged that he's voted for Democrats,

1:51.3

and we've seen him start to express angst with the Democratic Party under President

1:57.1

Biden.

1:58.1

He hasn't agreed with some of the more liberal-leaning ideals like diversity, equity, and inclusion.

2:04.9

He has felt like the Biden administration has slighted him when it comes to Elon's role at

...

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