News reports and official government actions

Tech Giants Donate $1 Million Each to Trump's Inauguration, Setting Record-Breaking Funds in Strategic Move

Jan 13, 2025, 12:17 PM

Major technology companies and their CEOs have made significant financial contributions to Donald Trump's inauguration fund, set for January 20, 2025. Companies such as Google, Microsoft, Meta, Amazon, and Apple, along with CEOs like Tim Cook of Apple and Sam Altman of OpenAI, have each donated $1 million. This marks a notable shift in the tech industry's engagement with Trump, as these donations are substantially higher than those made during his 2017 inauguration. The total amount raised for the inauguration has surpassed $170 million, with expectations to reach $200 million, setting a new record for inaugural funds. The increased donations reflect a strategic move by tech giants to foster a favorable relationship with the incoming administration, particularly in light of ongoing regulatory challenges like Google's antitrust case and the potential influence on future policies. The perspective of a second Trump term has generated uncertainty in the rapidly evolving AI market, with Elon Musk playing a significant role in advising the transition.