Was Elon Musk the US midterms' biggest loser? – Stateside with Kai and Carter
Elon Musk spent $446m on Republican-aligned political groups since last year, but Democrats won all five Senate races where his America Pac spent the most.
The tech industry's massive midterm spending failed to secure Republican victories, with Musk's significant investment yielding no returns. Democrats won every Senate race where Musk's America Pac backed Republican candidates, representing a poor return on his $446m political investment.
Future implications
Will this spell the end of AI datacenters? And if so, what could this mean for the US economy?
The 'blue tsunami' has raised questions about what this political shift will mean for Musk and the wider tech industry. One potential consequence could be the end of AI datacenters, which could significantly impact the US economy.
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