Top executives from Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, Netflix Inc. (NASDAQ:NFLX), and ChatGPT-parent OpenAI are gearing up to host a fundraiser for Kamala Harris, countering the tech industry’s recent tilt toward Donald Trump.
What Happened: The tech industry seemed to be leaning towards the red this election, with prominent Silicon Valley investors backing Trump. However, a recent series of events indicates that Democratic nominee Harris still enjoys significant support in the tech sector, reported Business Insider.
Executives from Google, Netflix, and OpenAI are joining forces to host a fundraiser for Harris in Washington, DC, later this month.
The reception, scheduled for Aug. 27, will feature special guests Josh Hsu, Harris’s former chief legal adviser, and Rohini Kosoglu, a former domestic policy advisor to the vice president, the report noted.
The hosting committee includes policy role executives from Google, Netflix, and OpenAI, as well as high-ranking employees of JPMorgan, McKinsey & Company, and Omidyar Network.
The minimum donation for admission is $500, with ticket prices going up to $6,600.
Why It Matters: This fundraiser comes at a crucial time for Harris, who recently secured the Democratic nomination after Joe Biden’s exit from the race.
In less than four months, voters will head to the polls to choose between Harris and Trump in the 2024 presidential election.
Earlier, LinkedIn co-founder Reid Hoffman and Netflix co-founder Reed Hastings also publicly declared their support for Harris. Hastings has also contributed $7 million to her campaign.
A website named “VCs for Kamala” was launched on Wednesday, featuring over a hundred venture capitalists pledging their vote and fundraising support for Harris.
Meanwhile, earlier this week it was reported that since Harris’s nomination, Trump’s fortunes have taken a hit, with shares of Trump Media & Technology Group Corp. falling by 22.26%.
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