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Shares in Musk's SpaceX plunge as tech and AI stocks fall
BBC • • general
Key Points:
- Elon Musk invested nearly $450 million in Republican campaigns, including $45 million supporting Ken Paxton for the Texas Senate seat, but Texas shifted to Democratic control in the recent election.
- Intel shares have dropped over 18%, Nvidia shares are down more than 10%, and the Philadelphia Semiconductor Index has fallen by over 13% in the past five days.
- OpenAI president Greg Brockman acknowledged surprise at community reactions to data centers and emphasized the importance of engaging directly with local communities rather than relying on social media announcements.
- Brockman highlighted OpenAI's strategic shift to focus on building infrastructure in diverse locations like Texas and Georgia by fostering local support and involvement.
