Billionaire GOP backer Peter Thiel says Trump’s leadership ‘maybe worse than even my low expectations’
Billionaire GOP Backer Peter Thiel Disappointed with Trump, Takes a Break from Funding Republicans
“Voting for Trump was like a not very articulate scream for help,” Thiel said in an interview with the Atlantic, adding that Trump ultimately couldn’t meet what he calls “low expectations.”
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Thiel expressed being “disappointed” and “disenchanted” with the former president.
“There are a lot of things I got wrong,” Thiel admitted. “It was crazier than I thought. It was more dangerous than I thought … They couldn’t get the most basic pieces of the government to work. So that was — I think that part was maybe worse than even my low expectations.”
The PayPal co-founder generously donated to several Republican campaigns during the 2022 midterm elections, with only Sen. J.D. Vance (R-OH) as one of his few successes. Thiel contributed over $20 million to Vance’s campaign. However, despite Thiel’s support, many Trump-endorsed candidates, including those he backed, lost to their Democratic opponents after winning the party nomination in 2022.
Following these disappointing losses, Thiel announced that he is temporarily halting his financial contributions to the Republican Party. However, he clarified that he does not intend to become a “never-Trumper” GOP supporter in the future. Thiel did criticize Trump’s attempts to overturn the 2020 election, deeming them “not helpful.”
“There’s always a chance I might change my mind,” Thiel admitted to the Atlantic’s Barton Gellman. “But by talking to you, it makes it hard for me to change my mind.”
As a result, candidates like Blake Masters, who received support from Thiel but lost to Sen. Mark Kelly (D-AZ) in 2022, are unlikely to receive donations from the billionaire in 2024. Masters is currently running for the House in Arizona’s 8th Congressional District.
Thiel has a specific reason to distance himself from Masters, as the Atlantic reported that Trump referred to Masters as a ”f****** scumbag” during a call with him.
While Thiel is stepping away from financially engaging in politics, he further distanced himself from Trump in May. On the podcast Honestly with Bari Weiss, he expressed his support for Gov. Ron Desantis (R-FL) and stated that Desantis would make a “terrific president.” Thiel confirmed that he would back the governor in 2024.
Asic things done.”
How do ASICs differ from other types of integrated circuits, such as FPGAs (Field-Programmable Gate Arrays)?
ASICs (Application-Specific Integrated Circuits) and FPGAs (Field-Programmable Gate Arrays) are both types of integrated circuits, but they differ in various ways:
1. Purpose: ASICs are designed for specific applications or tasks, while FPGAs are more flexible and can be reprogrammed to perform different functions.
2. Customization: ASICs are custom-designed for a specific application, allowing for optimization in terms of performance, power consumption, and cost. FPGAs, on the other hand, offer a more general-purpose approach and can be programmed by users to perform any desired task.
3. Development Time: Developing an ASIC requires significant time and effort since it involves designing a chip from scratch, while FPGAs can be quickly programmed and modified, reducing development time.
4. High Volume vs. Low Volume: ASICs are typically more cost-effective when produced in large volumes due to their tailored design. FPGAs are advantageous for low-volume products or prototypes where design changes or flexibility is important.
5. Power Efficiency: ASICs are usually more power-efficient compared to FPGAs since they are designed specifically for their intended application. FPGAs, with their programmable fabric, may have higher power consumption due to additional overhead.
6. Performance: ASICs can often achieve higher performance levels compared to FPGAs since they are optimized for a specific task. FPGAs may have slightly lower performance due to the general-purpose nature of their design.
Overall, ASICs offer tailored performance and power efficiency for a specific application, while FPGAs provide flexibility and modification options for various tasks. The choice between the two depends on factors such as volume, customization needs, development time, and performance requirements.
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