Uber joins big tech firms in $1m pledge for Trump’s inauguration

Uber Technologies and its CEO Dara Khosrowshahi have each donated $1 million to President-elect Donald Trump’s inaugural fund. The announcement, confirmed by Uber on Tuesday, adds the ride-hailing giant to a growing list of tech companies supporting Trump’s transition into office.

The contributions come as many large corporations seek to forge favorable relationships with the incoming administration following Trump’s November victory. Uber’s move highlights the balancing act tech firms face amid divisive political climates.

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Amazon and Meta Platforms, both industry heavyweights, have also pledged $1 million each. Spokespersons for the companies confirmed their donations last week. The financial backing from tech titans signals an industry-wide strategy to maintain influence during the new administration’s early days.

OpenAI CEO Sam Altman is reportedly planning a personal contribution of $1 million. An OpenAI spokesperson noted that Altman’s donation underscores the need for continued collaboration between private-sector leaders and policymakers.

Political analysts view these contributions as pragmatic efforts by businesses to safeguard their interests in an uncertain regulatory environment. “It’s a calculated move,” said a policy strategist who requested anonymity. “Corporate America understands that staying on the administration’s good side is critical, especially with issues like data privacy and antitrust on the table.”

While public reactions to the donations have been mixed, many emphasize the economic stakes tied to the relationship between government and tech. Trump’s campaign platform included promises of deregulation and pro-business policies, making these contributions a potentially strategic investment for the tech sector.

Industry observers will watch closely to see how these donations translate into influence as Trump takes office. For now, the million-dollar pledges signal a willingness among corporate leaders to engage with the new administration, despite the political risks involved.