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Why some Silicon Valley investors are backing the Trump-Vance campaign

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Why some Silicon Valley investors are backing the Trump-Vance campaign

For many years, Republicans and ardent supporters of former President Trump haven’t been super popular in Silicon Valley circles.

But the sentiment has shifted in recent weeks as conservative voices in San Francisco’s tech sector have grown increasingly strident in their support of a Trump-Vance ticket.

Trump attended a fundraiser last month at venture capitalist David Sacks’ Pacific Heights mansion that raised $12 million and was the former president’s first visit to San Francisco in at least a decade. Sacks said he hoped the event would “break the ice” on discussions around Trump and could create a “preference cascade, where all of a sudden it becomes acceptable to acknowledge the truth.”

And on Tuesday, Sacks posted a list of 17 prominent names in the tech industry — including Tesla Chief Executive Elon Musk, Sequoia Capital partner Doug Leone and Ben Horowitz, general partner of renowned venture capital firm Andreessen Horowitz — with a photo of Trump giving a thumbs-up on social media platform X, formerly Twitter. “Come on in, the water’s warm,” Sacks wrote.

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Many of those tech investors celebrated the appointment of Ohio Sen. J.D. Vance — a venture capitalist who built his career in Silicon Valley — as Trump’s vice presidential nominee out of a shared belief that he would help remove regulations they believe could stifle innovation in artificial intelligence and cryptocurrency.

“The future of our business, the future of new technology and the future of America is literally at stake,” Horowitz said Tuesday on “The Ben & Marc Show” podcast. “For little tech, we think Donald Trump is actually the right choice, and sorry, Mom, I know you’re gonna be mad at me for this, but we had to do it.”

But Gov. Gavin Newsom said the shift of Silicon Valley toward the right in this presidential election has been “wildly overstated.”

“I don’t think it’s a trend at all. Those pockets have always been there,” Newsom said in an interview Tuesday while touring a Northern California prison. “There’s been that libertarian energy in the valley for decades and decades. And frankly, I don’t see significant deviation.”

Newsom, who built close ties with the tech industry while mayor of San Francisco from 2004 to 2011, said Silicon Valley donors supporting Trump are “looking at their own economic interests and are very transactional in their business practices.”

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Nonethless, while Silicon Valley has long been home to prominent conservatives such as Peter Thiel and Sacks, such enthusiastic embrace for a Trump-Vance administration in San Francisco’s tech community is striking.

The Bay Area is well known nationally for its progressive politics and as the birthplace of prominent Democrats such as the late Sen. Dianne Feinstein, former House Speaker Nancy Pelosi, Newsom and Vice President Kamala Harris. And Bay Area social media companies like Meta (formerly Facebook) have come under fire from some Republican legislators who accuse them of censoring conservative ideas and Trump.

The region is overwhelmingly represented by Democrats in the statehouse and the San Francisco, San Jose, Berkeley and Oakland mayors’ offices. And while big names in Silicon Valley have more recently donated large sums to the Republican Party and Trump’s election campaign, the Bay Area is more typically the favored cash cow of Democrats.

In 2020, 72.6% of Santa Clara County voters backed Joe Biden, and just 25.2% supported Trump.

Biden made a fundraising stop at billionaire environmentalist and former hedge fund manager Tom Steyer’s house in September. Reid Hoffman, co-founder of LinkedIn, is another Democratic mega-donor who has hosted fundraisers for Biden, as has venture capitalist and Tesla investor Steve Westly.

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In May, investor Vinod Khosla, who hosted a Biden Bay Area fundraiser that month, said he’s a huge supporter of the president.

“We have to absolutely at any cost make sure that donkey’s rump Trump doesn’t get elected and destroy democracy,” Khosla said at a Bloomberg event.

But others in the Silicon Valley have soured on Biden for a variety of reasons, including the government suing tech giants like Apple and Google over alleged monopolistic practices.

Some tech investors also believe the continuation of the Biden administration would restrict innovation in emerging technologies, hindering the nation’s ability to compete in the global tech race — and their own financial interests.

They point to what they call unnecessary investigations by the U.S. Securities and Exchange Commission into crypto startups and the challenges crypto businesses face in getting financing from banks.

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“This is a brutal assault to a nascent industry that has never happened before,” Marc Andreessen said on “The Ben & Marc Show” podcast, acknowledging that his firm is one of the largest cryptocurrency investors in the world.

By contrast, the Trump campaign’s platform calls for the end of the “unAmerican Crypto crackdown” and pledges to “defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their Digital Assets, and transact free from Government Surveillance and Control.”

If elected, Trump also said he would repeal Biden’s executive order on artificial intelligence “that hinders AI Innovation, and imposes Radical Leftwing ideas on the development of this technology. In its place, Republicans support AI Development rooted in Free Speech and Human Flourishing,” according to the Republican platform.

Another beef among tech investors: Biden’s capital gains tax proposal, which would tax the value of an individuals’ assets worth $100 million or more. Critics say that would affect startup founders, whose company valuations fluctuate and whose compensation is based on stock options.

“This makes startups completely implausible,” Andreessen said. “Venture capital just ends.”

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A representative for the Biden administration did not immediately return a request for comment.

Trump’s appointment of Vance — who previously worked with Thiel at Mithril Capital — is expected to give his campaign a further boost among tech backers.

Thiel served on Trump’s transition team after he won the presidency in 2016 and backed Vance when he ran for office, pouring $10 million into Vance’s coffers during his 2022 race for Senate in Ohio, federal records show.

Sacks contributed $1 million to a PAC backing Vance and co-hosted a fundraiser in Miami for Vance and eight other Republican Senate candidates. Vance, who lived briefly in San Francisco, has called Sacks “one of his closest confidants” in politics.

“He’s perceived as one of them,” said Olaf Groth, chief executive of the think tank Cambrian Futures and a professional member of the faculty at UC Berkeley’s Haas School of Business. “The people that are endorsing him are a very rare elite at the very top of the food chain of entrepreneurship and venture capital of Silicon Valley.”

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Silicon Valley leaders are beginning to build the war chest of a new political action committee, America PAC, that is backing Trump’s reelection bid. America PAC reported spending $7.7 million on canvassing, text messages and get-out-the-vote operations over the last three months.

The group’s website and social media accounts are focused on voter registration and turnout, featuring a 15-second clip of Trump saying that “absentee voting, early voting and election-day voting are all good options.”

Multiple outlets reported this week that Musk has pledged to give $45 million per month to the group through November. Other Silicon Valley donors to the group include cryptocurrency executives Cameron and Tyler Winklevoss; Joe Lonsdale, co-founder of Palantir Technologies; and Shaun Maguire, a partner at Sequoia Capital, federal filings show.

Republican Party backers say more Bay Area businesses are getting frustrated at how local government is handling crime and other issues in San Francisco.

“These companies are being crippled by Democrat policies,” said Harmeet Dhillon, California’s Republican national committeewoman and a San Francisco-based attorney who acts as an official legal surrogate for the Trump campaign. “They have to make decisions that are the best for them, so that’s the calculus I’ve been seeing.”

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Some Trump supporters, such as Andreessen, had previously supported other Democratic presidential candidates such as Hillary Clinton. Within Biden’s own Democratic Party there are schisms over whether he should be the next president, given concerns about his age.

“They’re voting with their pocketbooks, but by signaling that they’re not in lockstep with Democrat policies and Democrat disarray of our country, they’re signaling to their tens and hundreds of thousands of workers that it’s OK to be Republican,” Dhillon said.

Times researcher Scott Wilson contributed to this report.

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A new delivery bot is coming to L.A., built stronger to survive in these streets

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A new delivery bot is coming to L.A., built stronger to survive in these streets

The rolling robots that deliver groceries and hot meals across Los Angeles are getting an upgrade.

Coco Robotics, a UCLA-born startup that’s deployed more than 1,000 bots across the country, unveiled its next-generation machines on Thursday.

The new robots are bigger, tougher and better equipped for autonomy than their predecessors. The company will use them to expand into new markets and increase its presence in Los Angeles, where it makes deliveries through a partnership with DoorDash.

Dubbed Coco 2, the next-gen bots have upgraded cameras and front-facing lidar, a laser-based sensor used in self-driving cars. They will use hardware built by Nvidia, the Santa Clara-based artificial intelligence chip giant.

Coco co-founder and chief executive Zach Rash said Coco 2 will be able to make deliveries even in conditions unsafe for human drivers. The robot is fully submersible in case of flooding and is compatible with special snow tires.

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Zach Rash, co-founder and CEO of Coco, opens the top of the new Coco 2 (Next-Gen) at the Coco Robotics headquarters in Venice.

(Kayla Bartkowski/Los Angeles Times)

Early this month, a cute Coco was recorded struggling through flooded roads in L.A.

“She’s doing her best!” said the person recording the video. “She is doing her best, you guys.”

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Instagram followers cheered the bot on, with one posting, “Go coco, go,” and others calling for someone to help the robot.

“We want it to have a lot more reliability in the most extreme conditions where it’s either unsafe or uncomfortable for human drivers to be on the road,” Rash said. “Those are the exact times where everyone wants to order.”

The company will ramp up mass production of Coco 2 this summer, Rash said, aiming to produce 1,000 bots each month.

The design is sleek and simple, with a pink-and-white ombré paint job, the company’s name printed in lowercase, and a keypad for loading and unloading the cargo area. The robots have four wheels and a bigger internal compartment for carrying food and goods .

Many of the bots will be used for expansion into new markets across Europe and Asia, but they will also hit the streets in Los Angeles and operate alongside the older Coco bots.

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Coco has about 300 bots in Los Angeles already, serving customers from Santa Monica and Venice to Westwood, Mid-City, West Hollywood, Hollywood, Echo Park, Silver Lake, downtown, Koreatown and the USC area.

The new Coco 2 (Next-Gen) drives along the sidewalk at the Coco Robotics headquarters in Venice.

The new Coco 2 (Next-Gen) drives along the sidewalk at the Coco Robotics headquarters in Venice.

(Kayla Bartkowski/Los Angeles Times)

The company is in discussion with officials in Culver City, Long Beach and Pasadena about bringing autonomous delivery to those communities.

There’s also been demand for the bots in Studio City, Burbank and the San Fernando Valley, according to Rash.

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“A lot of the markets that we go into have been telling us they can’t hire enough people to do the deliveries and to continue to grow at the pace that customers want,” Rash said. “There’s quite a lot of area in Los Angeles that we can still cover.”

The bots already operate in Chicago, Miami and Helsinki, Finland. Last month, they arrived in Jersey City, N.J.

Late last year, Coco announced a partnership with DashMart, DoorDash’s delivery-only online store. The partnership allows Coco bots to deliver fresh groceries, electronics and household essentials as well as hot prepared meals.

With the release of Coco 2, the company is eyeing faster deliveries using bike lanes and road shoulders as opposed to just sidewalks, in cities where it’s safe to do so. Coco 2 can adapt more quickly to new environments and physical obstacles, the company said.

Zach Rash, co-founder and CEO of Coco.

Zach Rash, co-founder and CEO of Coco.

(Kayla Bartkowski/Los Angeles Times)

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Coco 2 is designed to operate autonomously, but there will still be human oversight in case the robot runs into trouble, Rash said. Damaged sidewalks or unexpected construction can stop a bot in its tracks.

The need for human supervision has created a new field of jobs for Angelenos.

Though there have been reports of pedestrians bullying the robots by knocking them over or blocking their path, Rash said the community response has been overall positive. The bots are meant to inspire affection.

“One of the design principles on the color and the name and a lot of the branding was to feel warm and friendly to people,” Rash said.

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Coco plans to add thousands of bots to its fleet this year. The delivery service got its start as a dorm room project in 2020, when Rash was a student at UCLA. He co-founded the company with fellow student Brad Squicciarini.

The Santa Monica-based company has completed more than 500,000 zero-emission deliveries and its bots have collectively traveled around 1 million miles.

Coco chooses neighborhoods to deploy its bots based on density, prioritizing areas with restaurants clustered together and short delivery distances as well as places where parking is difficult.

The robots can relieve congestion by taking cars and motorbikes off the roads. Rash said there is so much demand for delivery services that the company’s bots are not taking jobs from human drivers.

Instead, Coco can fill gaps in the delivery market while saving merchants money and improving the safety of city streets.

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“This vehicle is inherently a lot safer for communities than a car,” Rash said. “We believe our vehicles can operate the highest quality of service and we can do it at the lowest price point.”

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Trump orders federal agencies to stop using Anthropic’s AI after clash with Pentagon

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Trump orders federal agencies to stop using Anthropic’s AI after clash with Pentagon

President Trump on Friday directed federal agencies to stop using technology from San Francisco artificial intelligence company Anthropic, escalating a high-profile clash between the AI startup and the Pentagon over safety.

In a Friday post on the social media site Truth Social, Trump described the company as “radical left” and “woke.”

“We don’t need it, we don’t want it, and will not do business with them again!” Trump said.

The president’s harsh words mark a major escalation in the ongoing battle between some in the Trump administration and several technology companies over the use of artificial intelligence in defense tech.

Anthropic has been sparring with the Pentagon, which had threatened to end its $200-million contract with the company on Friday if it didn’t loosen restrictions on its AI model so it could be used for more military purposes. Anthropic had been asking for more guarantees that its tech wouldn’t be used for surveillance of Americans or autonomous weapons.

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The tussle could hobble Anthropic’s business with the government. The Trump administration said the company was added to a sweeping national security blacklist, ordering federal agencies to immediately discontinue use of its products and barring any government contractors from maintaining ties with it.

Defense Secretary Pete Hegseth, who met with Anthropic’s Chief Executive Dario Amodei this week, criticized the tech company after Trump’s Truth Social post.

“Anthropic delivered a master class in arrogance and betrayal as well as a textbook case of how not to do business with the United States Government or the Pentagon,” he wrote Friday on social media site X.

Anthropic didn’t immediately respond to a request for comment.

Anthropic announced a two-year agreement with the Department of Defense in July to “prototype frontier AI capabilities that advance U.S. national security.”

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The company has an AI chatbot called Claude, but it also built a custom AI system for U.S. national security customers.

On Thursday, Amodei signaled the company wouldn’t cave to the Department of Defense’s demands to loosen safety restrictions on its AI models.

The government has emphasized in negotiations that it wants to use Anthropic’s technology only for legal purposes, and the safeguards Anthropic wants are already covered by the law.

Still, Amodei was worried about Washington’s commitment.

“We have never raised objections to particular military operations nor attempted to limit use of our technology in an ad hoc manner,” he said in a blog post. “However, in a narrow set of cases, we believe AI can undermine, rather than defend, democratic values.”

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Tech workers have backed Anthropic’s stance.

Unions and worker groups representing 700,000 employees at Amazon, Google and Microsoft said this week in a joint statement that they’re urging their employers to reject these demands as well if they have additional contracts with the Pentagon.

“Our employers are already complicit in providing their technologies to power mass atrocities and war crimes; capitulating to the Pentagon’s intimidation will only further implicate our labor in violence and repression,” the statement said.

Anthropic’s standoff with the U.S. government could benefit its competitors, such as Elon Musk’s xAI or OpenAI.

Sam Altman, chief executive of OpenAI, the company behind ChatGPT and one of Anthropic’s biggest competitors, told CNBC in an interview that he trusts Anthropic.

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“I think they really do care about safety, and I’ve been happy that they’ve been supporting our war fighters,” he said. “I’m not sure where this is going to go.”

Anthropic has distinguished itself from its rivals by touting its concern about AI safety.

The company, valued at roughly $380 billion, is legally required to balance making money with advancing the company’s public benefit of “responsible development and maintenance of advanced AI for the long-term benefit of humanity.”

Developers, businesses, government agencies and other organizations use Anthropic’s tools. Its chatbot can generate code, write text and perform other tasks. Anthropic also offers an AI assistant for consumers and makes money from paid subscriptions as well as contracts. Unlike OpenAI, which is testing ads in ChatGPT, Anthropic has pledged not to show ads in its chatbot Claude.

The company has roughly 2,000 employees and has revenue equivalent to about $14 billion a year.

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Video: The Web of Companies Owned by Elon Musk

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Video: The Web of Companies Owned by Elon Musk

new video loaded: The Web of Companies Owned by Elon Musk

In mapping out Elon Musk’s wealth, our investigation found that Mr. Musk is behind more than 90 companies in Texas. Kirsten Grind, a New York Times Investigations reporter, explains what her team found.

By Kirsten Grind, Melanie Bencosme, James Surdam and Sean Havey

February 27, 2026

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