Tech industry wins big in California after millions spent on primary election

Silicon Valley is fighting against AI regulation and taxation and will benefit from having political leverage

Silicon Valley had a big night in California's primary election, proving that the tens of millions of dollars funding candidates across the state was money well spent. While the tech industry's preferred candidate for governor came in a scant sixth place, donations to smaller elections proved to be a successful strategy.

Tech billionaires have in past months thrown their full weight into politics as the industry fights regulation and taxation, while promoting the unfettered growth of artificial intelligence. Getting the right candidates in office, especially in its home turf of California, is existential. With favorable candidates, tech companies can gain both political and regulatory leverage to maintain their dominance in business.