Elon Musk has said he is committing around $45 million a month to a new pro-Trump super PAC: WSJ reports other backers of America PAC include Palantir Technologies co-founder Joe Lonsdale and the Winklevoss twins.
Bloomberg: Andreessen, Horowitz latest tech VCs to throw support to Trump
Silicon Valley’s tech titans line up to donate to Donald Trump: FT reports America PAC has raised over $8.7mn from backers including Palantir’s Joe Lonsdale, Andreessen Horowitz founders and Sequoia’s Doug Leone.
Trump allies draft AI order to launch ‘Manhattan Projects’ for defense: The plan to ‘make America first in AI’ and roll back ‘burdensome regulations’ would favor Silicon Valley investors, who are now flocking to support the former president. WP
California AI bill SB-1047 sparks fierce debate; State senator likens it to ‘Jets vs. Sharks’ feud: A California state bill has emerged as a flashpoint between those who think AI should be regulated to ensure its safety and those who see regulation as potentially stifling innovation. The bill, which heads to its final vote in August, is sparking fiery debate and frantic pushback among leaders from across the AI industry—even from some companies and AI leaders who had previously called for the sector to be regulated. Fortune
After euphoria, fear of bubble grows around generative AI: Some analysts are warning that spending in the generative artificial intelligence sector, particularly on computing capacity, is far outstripping revenues. Le Monde
How Microsoft’s Satya Nadella became tech’s steely eyed AI gambler: Microsoft’s all-in moment on artificial intelligence has been defined by billions in spending and a CEO counting on technology with huge potential and risks. NYT
What messing with chatbots tells us about the future of AI John Herrman
Fujitsu invests in OpenAI rival Cohere, eyeing Japanese language model: Nikkei reports Japan tech group envisions model serving digitization in many industries.
Bloomberg: Apple’s India sales surge 33% to record in shift from China
+ Sales jump shows Apple is succeeding in winning users in India
+ Apple wants to challenge Android’s dominance in the country
Samsung’s ‘chip crisis’: AI ambitions hit by unprecedented worker unrest: FT reports the Korean tech giant risks losing disenchanted engineers to domestic rival SK Hynix.
Enjoy the ride + plan accordingly.
-Marc
