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The Venture-Capital Populist

The Atlantic - Technology

This story appears in the June 2026 print edition. While some stories from this issue are not yet available to read online, you can explore more from the magazine . Get our editors' guide to what matters in the world, delivered to your inbox every weekday. The courtship between Silicon Valley and MAGA was consummated on June 6, 2024, in San Francisco's Pacific Heights neighborhood, on a street known as "Billionaires' Row," at the 22,000-square-foot, $45 million French-limestone mansion of a venture capitalist named David Sacks. Along with Chamath Palihapitiya, a fellow venture capitalist and a colleague on the podcast, Sacks hosted a fundraiser for Donald Trump. He knew that other technology titans were coming around to the ex-president but remained in the closet. "And I think that this event is going to break the ice on that," Sacks said on the podcast the week before the fundraiser. "And maybe it'll create a preference cascade, where all of a sudden it becomes acceptable to acknowledge the truth." Check out more from this issue and find your next story to read. A few years earlier, Sacks had described the January 6, 2021, riot at the U.S. Capitol as an "insurrection" and pronounced Trump "disqualified" from ever again holding national office. "What Trump did was absolutely outrageous, and I think it brought him to an ignominious end in American politics," he said on the podcast a few days after the event. "He will pay for it in the history books, if not in a court of law." Palihapitiya was more colloquial, calling Trump "a complete piece-of-shit fucking scumbag." These might seem like tricky positions to climb down from--but the path that leads from scathing denunciation through gradual accommodation to sycophantic embrace of Trump is a well-worn pilgrimage trail. The journey is less wearisome for self-mortifiers who never considered democracy (a word seldom spoken on the podcast) all that important in the first place.


The Stories We Govern By: AI, Risk, and the Power of Imaginaries

Oldenburg, Ninell, Papyshev, Gleb

arXiv.org Artificial Intelligence

This paper examines how competing sociotechnical imaginaries of artificial intelligence (AI) risk shape governance decisions and regulatory constraints. Drawing on concepts from science and technology studies, we analyse three dominant narrative groups: existential risk proponents, who emphasise catastrophic AGI scenarios; accelerationists, who portray AI as a transformative force to be unleashed; and critical AI scholars, who foreground present-day harms rooted in systemic inequality. Through an analysis of representative manifesto-style texts, we explore how these imaginaries differ across four dimensions: normative visions of the future, diagnoses of the present social order, views on science and technology, and perceived human agency in managing AI risks. Our findings reveal how these narratives embed distinct assumptions about risk and have the potential to progress into policy-making processes by narrowing the space for alternative governance approaches. We argue against speculative dogmatism and for moving beyond deterministic imaginaries toward regulatory strategies that are grounded in pragmatism.


Unpacking the Flaws of Techbro Dreams of the Future

Mother Jones

Cutaway view of a fictional space colony concept painted by artist Rick Guidice as part of a NASA art program in the 1970s. This story was originally published by Undark and is reproduced here as part of the Climate Desk collaboration. Elon Musk once joked: "I would like to die on Mars. Musk is, in fact, deadly serious about colonizing the Red Planet. Part of his motivation is the idea of having a "back-up" planet in case some future catastrophe renders the Earth uninhabitable. Musk has suggested that a million people may be calling Mars home by 2050 -- and he's hardly alone in his enthusiasm. Venture capitalist Marc Andreessen believes the world can easily support 50 billion people, and more than that once we settle other planets. And Jeff Bezos has spoken of exploiting the resources of the moon and the asteroids to build giant space stations. "I would love to see a trillion humans living in the solar system," he has said. Not so fast, cautions science journalist Adam Becker.


Incredible images capture US Navy testing its new laser weapon that NEVER runs out of power

Daily Mail - Science & tech

The US Navy has released stunning images showing its incredible new drone-destroying laser weapon in action for the first time. The HELIOS system was tested aboard the USS Preble, with photos capturing its bright beam shooting an unmanned aerial vehicle out of the sky. HELIOS, which stands for High Laser with Integrated Optical-dazzler and Surveillance, was developed by Lockheed Martin in 2021 and delivered to the Navy a year later. The system blasts more than 60 kilowatts of directed energy, enough to power up to 60 homes, at the speed of light and can hit targets up to five miles away. It is designed to counter a range of threats, including drones, small boats, and potentially incoming missiles.


Was this the week DeepSeek started the slow unwinding of the AI bet?

The Guardian

At 2.16pm California time last Sunday, the US billionaire tech investor Marc Andreessen called it. "DeepSeek R1 is AI's Sputnik moment," he posted on X. A Chinese startup, operating since 2023 and helmed by a millennial mathematician, had unveiled a new chatbot that seemed to equal the performance of America's leading models at a fraction of the cost. Never mind that its answers on everything from the status of Taiwan to the 1989 Tiananmen Square massacre were curbed by Chinese Communist party (CCP) censors. To Andreessen, a veteran of decades of technology booms and busts, it was like the Soviet Union getting the first satellite into orbit in 1957 and shocking America. The next day, shares in several of the world's biggest companies plunged – including the biggest fall in US market history for microchip maker Nvidia, which lost nearly 600bn.


AI is not just powerful. What's really worrying is that DeepSeek has made it cheap, too John Naughton

The Guardian

Nothing cheers up a tech columnist more than the sight of 600bn being wiped off the market cap of an overvalued tech giant in a single day. And yet last Monday that's what happened to Nvidia, the leading maker of electronic picks and shovels for the AI gold rush. It was the biggest one-day slump for any company in history, and it was not alone – shares of companies in semiconductor, power and infrastructure industries exposed to AI collectively shed more than 1tn in value on the same day. The proximate cause of this chaos was the news that a Chinese tech startup of whom few had hitherto heard had released DeepSeek R1, a powerful AI assistant that was much cheaper to train and operate than the dominant models of the US tech giants – and yet was comparable in competence to OpenAI's o1 "reasoning" model. Just to illustrate the difference: R1 was said to have cost only 5.58m to build, which is small change compared with the billions that OpenAI and co have spent on their models; and R1 is about 15 times more efficient (in terms of resource use) than anything comparable made by Meta. The DeepSeek app immediately zoomed to the top of the Apple app store, where it attracted huge numbers of users who were clearly unfazed by the fact that the terms and conditions and the privacy policy they needed to accept were in Chinese.


A.I. Is About to Get a Whole Lot Worse Under Trump

Slate

Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. On Thursday evening, President-elect Donald Trump announced on his Truth Social platform that he would be appointing David O. Sacks--the "PayPal Mafia" alum, longtime venture capitalist, All-In Podcast co-host, Elon Musk pal, and rock-ribbed Silicon Valley conservative--as the "White House A.I. & Crypto Czar." In his statement, Trump wrote that "Sacks will focus on making America the clear global leader" in artificial intelligence and cryptocurrency, which he deemed to be "two areas critical to the future of American competitiveness." In addition, Sacks will "safeguard Free Speech online," "steer us away from Big Tech bias and censorship," and "lead the Presidential Council of Advisors for Science and Technology." For his first-ever Truth Social post, the incoming czar responded to Trump with gratitude and claimed that he "looks forward to advancing American competitiveness in these critical technologies."


Joe Rogan left stunned as US security advisor reveals how AI will take over in future wars

Daily Mail - Science & tech

Joe Rogan was left stunned after hearing how AI will be the main fighters in future wars. The celebrity podcaster was taken back when his podcast guest, Homeland Security Advisor and billionaire Marc Andreessen, suggested AI-powered jets that travel five times the speed of sound, Mach 5, are going to be more common'within a few years.' 'Image a thousand of these things coming over the horizon right at you,' Andreessen said. 'It really changes the fundamental equation of war.' He explain that instead of needing the most soldiers and material to win, people with the most technology and money will take over. Andreessen also noted that there are'a bunch of reasons' why he believes a future of AI-piloted fighter jets is all but inevitable.


Silicon Valley wants unfettered control of the tech market. That's why it's cosying up to Trump Evgeny Morozov

The Guardian

Hardly a week passes without another billionaire endorsing Donald Trump. With Joe Biden proposing a 25% tax on those with assets over 100m ( 80m), this is no shock. The pro-Trump multimillionaire club now includes a growing number of venture capitalists. Unlike hedge funders or private equity barons, venture capitalists have traditionally held progressive credentials. They've styled themselves as the heroes of innovation, and the Democrats have done more to polish their progressive image than anyone else.


Marc Andreessen Once Called Online Safety Teams an Enemy. He Still Wants Walled Gardens for Kids

WIRED

In his polarizing "Techno-Optimist Manifesto" last year, venture capitalist Marc Andreessen listed a number of enemies to technological progress. Among them were "tech ethics" and "trust and safety," a term used for work on online content moderation, which he said had been used to subject humanity to "a mass demoralization campaign" against new technologies such as artificial intelligence. Andreessen's declaration drew both public and quiet criticism from people working in those fields--including at Meta, where Andreessen is a board member. Critics saw his screed as misrepresenting their work to keep internet services safer. On Wednesday, Andreessen offered some clarification: When it comes to his 9-year-old son's online life, he's in favor of guardrails.