Chamath explains the political calculus behind Obama’s anti AI speech
“This is a very important moment for a very simple reason, which is that the world is about to endow 3-6 companies with about $10 trillion of wealth.”
“And what Obama knows very well is that most of those companies are overwhelmingly left leaning. And what he also knows is that there is a huge portion of that money that will then get put into philanthropic and charitable causes that then he and the people around him will be beneficiaries of.”
“That is the truth. We already know this because we know that some of these frontier corporations actually ask you to sign up DAFTs and have a portion of your stock that you’re willing to pledge. So this money is going to go to things other than consumption or savings. It’s going to go into PACs, it’s going to go into political movements, and they stand to disproportionately benefit.”
“So this has nothing to do with prosperity. This is a very simple political calculus. If you freeze frame the economy the way it is today, a handful of organizations that will disproportionately be able to affect the Democrats will win, they will capture the lion’s share of the economic gains. And then they will help the Democrats win power. That’s all this is.”
Chamath explains the political calculus behind Obama’s anti AI speech
“This is a very important moment for a very simple reason, which is that the world is about to endow 3-6 companies with about $10 trillion of wealth.”
“And what Obama knows very well is that most of those… pic.twitter.com/2jd3b989V0
— dnap (@dnapway) September 26, 2026
Chamath Palihapitiya – Wikipedia
Chamath Palihapitiya (born 3 September 1976) [1] is a Sri Lankan-born Canadian and American venture capitalist and entrepreneur. He founded and leads Social Capital, which he launched in 2011 after serving as a senior executive at Facebook from 2007 to 2011.