Tech broligarchs get an overdue taste of reality

A new political and market mood is colliding with the AI boom, the article argues, pointing to slogans from election night and subsequent financial shocks. It highlights a line from Michigan senator-elect Abdul Al-Sayed—“The many beat the money”—and notes Texas where Elon Musk backed Republican candidate Ken Paxton, before Musk later announced the discontinuation of the Cybertruck. The piece says AI stock declines and a reassessment of data-center investment have been building for months, citing correction pressures and a broader inflation link identified by the Reserve Bank. It also mentions a report of Nvidia founder Jensen Huang being investigated by his company over an alleged affair with Alice Huang, and references government “AI guardrails,” ASIC scrutiny of developer Firmus, and rising local opposition to data centers in suburban areas.