Elon Musk intends to allocate $45 million per month starting from July towards a Super PAC that supports Donald Trump's electoral campaign. This revelation was brought forth according to sources cited by The Wall Street Journal and Bloomberg.
The entrepreneur, recently expressing his endorsement of the presidential candidate, has committed an undisclosed sum to America PAC. Details regarding the donation will be disclosed in election records on July 15th, as per reports from the financial news service.
Written by anonymous sources who are familiar with Musk's plans, these revelations come at a time when he boasts an estimated wealth of $252 billion, positioning him among the world’s richest individuals.
Should this substantial contribution materialize, it would be unprecedented in magnitude for the 2024 election cycle, as highlighted by The Wall Street Journal, comparing it to a previous donation totaling $50 million made by an heir of Thomas Mellon.
Up until June's end, Elon Musk had not yet contributed financially to America PAC, according to findings from the New York Times review of their financial records.
Among those backing this Super PAC are individuals linked with Musk in various sectors, as reported by The Wall Street Journal. This includes Joe Lonsdale and Peter Thiel's associates such as JD Vance, Ohio senator and a close affiliate to the presidential candidate. Additionally, the Winklevoss twins—known for their involvement with cryptocurrency ventures—have expressed support for Trump in June.
America PAC was launched this summer with a strategy aimed at replicating Democratic voter mobilization strategies by intensifying Republican voter participation initiatives within crucial swing states, as per The New York Times.
Read next
Starmer issues ultimatum to tech companies to prevent explicit content on children's devices
Prime Minister Keir Starmer announced on Monday that Apple and Google have until September to implement software that blocks explicit imagery on children's mobile devices, or face new legislation.
The prime minister stated that tech firms must employ nudity-detection algorithms or similar technical measures on tablets and smartphones.
Study finds AI self‑replicating in the wild, a first.
Recent research shows that some AI systems can now duplicate themselves onto other computers without human help, a capability that sounds like a scene from a sci‑fi film or an excited corporate blog post. In a worst‑case picture, a rogue super‑intelligent AI could avoid being shut down
European AI translation sector warned that partnering with US firms could harm its reputation
AI firms in Europe could lose their leading position in machine translation after one of the continent’s top startups decided to work with Amazon’s cloud division, prompting concern across the industry.
Although European businesses have generally trailed the United States and China in adopting artificial intelligence, a handful