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U.S. President-elect Donald Trump looks on as he delivers remarks at Mar-a-Lago in Palm Beach, Florida, U.S., December 16, 2024.
AI companies splash the cash around for Trump’s inauguration fund
Sam Altman is a longtime Democratic donor, but now he’s sending $1 million to Donald Trump’s inauguration fund. Altman, the cofounder and CEO of OpenAI, followed Amazon and Meta, which each donated $1 million too. Altman said, “President Trump will lead our country into the age of AI, and I am eager to support his efforts to ensure America stays ahead,” Altman wrote in a statement.
The AI search engine Perplexity joined in the donation spree, offering $1 million of its own money to the president-elect. Chief Business Officer Dmitry Shevelenko said he wants the company to “be a good partner to the administration.” Tech companies have made major donations in the past to presidential inaugural committees, but never in such a unanimous way. Plus, it’s a stark difference from 2021, when Joe Bidenreportedly did not accept donations from tech companies.
With these donations, tech companies are playing nice with Trump, who has been openly hostile to the industry in the past. Altman and Co. want Trump to know that they’re ready to embrace him if he embraces artificial intelligence. Not only are pricey federal contracts up for grabs, but — most importantly — AI companies desperately want to avoid stringent regulation, even if they sometimes say otherwise.President of Ukraine Volodymyr Zelensky participate in the Conference of Ambassadors of Ukraine, in Kyiv President of Ukraine Volodymyr Zelensky participate in the Conference of Ambassadors of Ukraine, in Kyiv on December 23, 2022.
Hard Numbers: Zelensky targeted, Putin inaugurated, Greene satiated, Neom downgraded
2: Ukrainian authorities said Tuesday they had detained two colonels in the State Guard, the unit responsible for protecting Kyiv’s most important officials, who were allegedly plotting to kill President Volodymyr Zelensky and members of his government. The suspects were allegedly working for the Russian Federal Security Service and may have planned to carry out the assassination to coincide with President Vladimir Putin’s inauguration.
5: Speaking of, Putin was inaugurated for his fifth term as president of Russia on Tuesday in a glittering ceremony at the Kremlin. Putin has led Russia since 1999, with a brief stint as prime minister while his puppet Dmitri Medvedev helped change the constitution to make Putin president again. His new term ends in 2030, but his reign likely won’t.
2: Rep. Marjorie Taylor Greene (R-GA) met with House Speaker Mike Johnson (R-LA) two days in a row on Tuesday before announcing she would back off on her threat to unseat him. Johnson has now survived the wrath of the far-right despite needing to cooperate with Democrats to pass bills, a move that doomed his predecessor.
1.5: Saudi Arabia has downscaled the first segment of its Neom project, the “line city” that is envisioned to stretch 105 miles through the Saudi desert, from 10 to just 1.5 miles by 2030 amid delays and cost overruns. With around $100 billion of the original $500 billion cost projection already spent, some experts estimate that Riyadh may end up spending $2 trillion if it wants to complete this megaproject.