California · Cursor · Google · SpaceX · Donald Trump · Eric Schmidt · The Guardian Technology
The UK’s ban has set off an intense debate between child safety activists
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It has created strange bedfellows within those groups, with privacy activists aligning themselves with the big tech companies they have historically criticized.
Key facts
- This comes even after back-room dealing last week that led the proposal’s proponents to drop the tax from 5% of the wealth of any California resident worth more than $1bn down to a levy of 2%
- It makes no sense’: 16- and 17-year-olds on UK social media ban
- Days after SpaceX went public in the biggest IPO of all time, the rocket, artificial intelligence and satellite internet company announced that it had agreed to buy the AI startup Cursor for $60bn
- Nick Robins-Early and Dara Kerr here, filling in for your usual host Blake Montgomery who is out on vacation
Summary
Hi and welcome to TechScape. This comes even after back-room dealing last week that led the proposal’s proponents to drop the tax from 5% of the wealth of any California resident worth more than $1bn down to a levy of 2%. Tech billionaires have been spending big and lobbying state lawmakers to block the measure. Other tech billionaires, like Google co-founder Larry Page, Meta co-founder Mark Zuckerberg and Donald Trump’s AI and crypto czar, David Sacks, have already fled California or are making moves to leave. Gavin Newsom, the state’s tech-friendly governor, has vowed to quash the proposal.