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Kim-Mai Cutler
@kimmaicutler
Wrong. It’s less that Newsom is in the pocket of lobbyists and more that California’s $300B budget is in the pocket of Silicon Valley.
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Kelsey Piper
@KelseyTuoc
Replying to @KelseyTuoc
Newsom vetoed because he's in the pocket of lobbyists who pressed him aggressively for a veto; he has no principles and no roadmap for artificial intelligence or anything else, and if there were a more comprehensive bill he'd veto that one too. Come on.
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David Watson 🥑
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Kim-Mai Cutler
@kimmaicutler
So after dealing with a $45B deficit earlier this year and given that California voters have been unwilling to find a more stable & predictable way to fund the government for many decades, do you think he wants to set up his successor to have lots of AI IPOs and surpluses? Yes!
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Kim-Mai Cutler
@kimmaicutler
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Jim Prosser
@jimprosser
Replying to @kimmaicutler
And this is why the only people more desperate for IPOs of ZIRP-vintage companies than VCs is the state treasury.
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Kelsey Piper
@KelseyTuoc
SIlicon Valley *twitter* was super anti 1047 but Silicon Valley itself really wasn't! It polled extremely well including in Silicon Valley!
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Sar Haribhakti
@sarthakgh
It is vastly underrated in the discourse the extent to which the frozen IPO pipeline is not just a tech/vc discussion but literally a Californian economy + welfare state discussion
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Kevin Lacker
@lacker
In other words, we’ve solved the alignment problem. The politicians and the AIs are working toward the same end: producing a lot of income tax revenue for the state of California.
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