"What changed? Republicans long characterized Silicon Valley as a bastion of liberalism. But over the past half-decade, many of tech's wealthiest titans rebelled against the Biden administration's criticism and policing of their industry. Last year, many tech barons threw their support behind the GOP, which they saw as more aligned with their often-libertarian ideals and their companies' economic interests."
"The Washington Post examined political contributions from the 100 wealthiest Americans, which have shown big swings the past few years. Trump and his party actively wooed influential tech leaders, embracing cryptocurrency and promising to limit AI regulation. His vice president, JD Vance, formerly worked as a venture capitalist in San Francisco, forging ties to Thiel, former Google CEO Eric Schmidt and venture capitalist Marc Andreessen. It's all about the money, as usual."
Political contributions from the 100 wealthiest Americans have swung markedly in recent years. Republicans long characterized Silicon Valley as a bastion of liberalism, but many top tech titans shifted away from that perception. Over the past half-decade, major tech figures reacted against the Biden administration's criticism and regulatory actions toward the industry. Many tech barons supported the GOP as more aligned with libertarian ideals and corporate economic interests. Trump and his party courted influential tech leaders with pro-cryptocurrency positions and promises to limit AI regulation. Personal venture-capital ties to GOP figures reinforced the financial realignment, driven largely by economic motives.
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