Richard Branson Admits He’s ‘Embarrassed’ by Other Billionaires’ Political Spending
Elon Musk and other wealthy donors spent hundreds of millions on midterm races but saw candidates they backed lose decisively across multiple states.
- On Tuesday, Democrats secured decisive midterm victories across the U.S., defeating several candidates backed by billionaire Elon Musk's spending efforts.
- Musk spent more than $250 million through America PAC to support Republican candidates, yet his backed bets faltered, including Ken Paxton's loss to Democrat James Talarico.
- According to exit polls, 56 percent of voters cited AI and data centers as a major factor in their choice for Congress, while 57 percent said AI poses more societal harm than good.
- House Minority Leader Hakeem Jeffries stated Democrats will prioritize affordability over retribution, while Congressional Progressive Caucus chair Greg Casar urged AI company CEOs testify under oath.
- Market analyst Dan Ives now estimates that 10 percent of 800 to 1,000 planned data centers will not be built, signaling headwinds for the AI infrastructure boom.
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Richard Branson admits he’s ‘embarrassed’ by other billionaires’ political spending
Virgin Group founder Richard Branson said he is “embarrassed” by other billionaires’ political spending, but added that the results of the U.S. midterm elections sent a “hopeful message about the limits of money in politics.” “As a successful entrepreneur, I have felt embarrassed by the billions that tech entrepreneurs and hedge fund managers have spent on—mostly Republican—campaigns this election cycle,” the British business magnate posted on L…
Some of the richest people in the technology industry supported Donald Trump's agenda and became allies of the president.
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