Tech stocks have lost trillions while voters have rejected the industrys political champions. The billionaire-led boom is facing a democratic reckoningThis weeks midterms showed that the political bill for the AI boom is falling due. The Democratic sweep intensified fears over runaway spending, mounting debt and resistance to datacentres, sending tech shares tumbling. On Thursday Wall Street suffered its worst day since the pandemic as $3.2tn was wiped from markets. Anthropic, developer of the C...
The Guardian view on the AI backlash: American voters want a say in their future | Editorial
The Guardian - 6 Nov 2026 23:45
Tech stocks have lost trillions while voters have rejected the industrys political champions. The billionaire-led boom is facing a democratic reckoningThis weeks midterms showed that the political bill for the AI boom is falling due. The Democratic sweep intensified fears over runaway spending, mounting debt and resistance to datacentres, sending tech shares tumbling. On Thursday Wall Street suffered its worst day since the pandemic as $3.2tn was wiped from markets. Anthropic, developer of the C...
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