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Trump Raises $12 Million in Silicon Valley, Promising Cheap Energy to Fuel the AI ​​Revolution – Are You Successful With That?


Essay by Eric Worrall

Big Tech is publicly opposing Biden’s energy cuts roadmap.

Inside Silicon Valley’s $12 million Trump fundraiser with the Winklevoss twins and venture capitalists

by Lydia Moynihan
Published June 7, 2024, 5:11pm ET

Silicon Valley insiders told The Post they were impressed with the “eloquent and articulate” Donald Trump at a presidential fundraiser Thursday night in the posh, progressive San Francisco neighborhood Pacific Heights stereotype.

Sources confirmed that more than 100 people paid up to $300,000 each to attend the fundraiser organized by venture capitalist David Sacks at his multi-million dollar home.

The Post has learned that Trump opened his nearly 45-minute speech by talking about his late uncle John G. Trump — an engineer who was an MIT professor for nearly four decades — and joking that perhaps so he should follow in his uncle’s footsteps as a leader. way to connect with the largely tech-savvy crowd.

But he quickly turns to serious topics like the importance of unleashing artificial intelligence innovation and why the United States needs to be prepared to supply the massive amounts of energy that AI will require.

“Fossil fuels are the only way to do it…solar and wind can’t cut it,” the source said of Trump’s remarks.

Read more: https://nypost.com/2024/06/07/us-news/inside-silicon-valleys-12m-trump-fundraiser/

A CNBC video of the fundraiser;

WUWT predicted the shift in tech company support from Biden to Trump two weeks ago. But I underestimated the hunger of big tech companies for affordable energy. I was expecting something more secretive, I didn’t expect any of it to be so public before the 2024 election.

What is causing the tech industry to suddenly panic, what is causing the tech giants to turn their backs on President Biden?

The CNBC video above provides some insight. Trump is considered more business and technology friendly. The Biden administration has strained relations with Silicon Valley since 2020 with regulatory crackdowns on AI and cryptocurrency.

But I believe there’s another threat that’s contributing to this big tech shift of allegiance from Democrats to Republicans, concern that we may be heading towards a new problem Sputnik crisis – a foreign scientific breakthrough threatens US technological dominance.

Except this time the Sputnik moment might be China built the world’s first factory Super AI.

I have no evidence that China is on the cusp of a major breakthrough, although it is There is much evidence that China is making efforts to develop advanced AI. But for now, China is the only country with more than enough energy needed to try to create an AI capable of outperforming humans using today’s technology.

Imagine trying to build a modern desktop computer using 1930s primitives vacuum tube technology. Such an effort would require a huge area of ​​machinery, large teams of scientists and engineers, and gigawatts of energy to power and air-condition billions of vacuum tubes, along with a huge budget to pay for everything. When completed, the vacuum tube system will not look exactly like a modern computer. But with enough political will and effort, it is possible to create a machine that matches the capabilities of the modern desktop computer, a computer far more advanced than anything else. was actually made at that time.

Right now, today, we are in a similar position to the hypothetical supercomputer project of the 1930s when it comes to possible paths towards the rapid development of AI superintelligence – but for now Only China has it excess energy and the manufacturing capacity to try such a robust approach to building a superhuman AI.

The United States is not currently in a position to undertake such a project, because green energy policies have robbed the United States of its once abundant energy surplus by promoting underinvestment. The level of regular input to the grid capacity can be adjusted. Biden’s energy-starved America is a hostile environment for energy-hungry tech entrepreneurs, there will be major political upheavals whenever a tech giant tries to draw more energy from grid.

If China succeeds in creating a machine that can think faster than humans, or worse, does, then the United States will have little chance of catching up before it’s all over – no matter what. say maybe four years with a president in power who understands the problem. .

The longer China defends its advantage, the worse things will get for the United States and anyone else trying to compete. If China can iterate enough improvements in its AI systems that no one else can keep up, then very quickly AI itself will start to play a significant role in the innovation process. itself and we may face an exponential increase in intelligence. capabilities, with each 6-12 month upgrade cycle doubling the capabilities of the previous system, then exploiting that greater capability to design the next upgrade. In less than a decade, China’s AI advantage could become insurmountable.

Trying to beat China in business or geopolitics would be like trying to beat that PC chess app that always annoys you. Anyone with access to that super smart AI will always make smarter moves than their opponents.

Am I right about China’s Sputnik AI timing approaching? I just don’t know. But one thing is certain: something has made American technology giants scared. It could just be that concerns about Biden’s regulatory imposition and impending energy shortages put them at a competitive disadvantage. Or maybe I’m right about the risk of China’s breakthrough. Even without a Sputnik-level breakthrough, China’s energy glut, electronics industry, and political will to realize its global superpower potential have made China’s commanding position The United States in this space is in danger.

President Biden is unlikely to deliver 10 gigawatts of affordable new generation capacity. American tech giants urgently need to challenge China’s credible bid for global tech dominance. Biden’s obsession with renewable energy and heavy-handed approach to tech regulations are hamstringing the US tech industry, just when it needs every resource it can muster to compete.

My prediction – President Trump is about to reap the rewards of being the right person, in the right place, at the right time.

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