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Articles for tag: After, Amazon, Biden, Biden Inauguration Fund, CEOs, coffers, Donate Tim Cook, donating, exceeds, Opening 2025, paying, Political donations, sam altman, tech, tech CEO donations, technology industry and politics, Trump's inaugural fund, Trumps

January 7, 2025

News Desk

Tech CEOs donating to Trump’s coffers far exceeds paying Biden

As President-elect Donald Trump prepares for his Jan. 20 inauguration, tech companies and their CEOs have significantly increased their contributions compared to donations made to President Joe Biden’s 2021 inaugural fund. According to reports, Trump’s inauguration has attracted significant donations from major tech companies, including Apple, Amazon, Meta and OpenAI. Apple CEO Tim Cook is donating $1 million, while Amazon, Meta and OpenAI CEO Sam Altman have also pledged $1 million. By contrast, Apple’s donation to Biden’s 2021 inauguration was $43,200 and Amazon gave $276,000. Meta and OpenAI did not contribute to Biden’s fund. Notably, Google and Microsoft, which each

July 12, 2022

Hamza Azhar Salam

Airlift shuts down after failing to raise fresh funds

Less than a year after raising $85 million in a Series B round, Airlift, the poster child for Pakistan’s tech scene internally announced an end of all its operations today. On 18th August last year, Airlift raised the highest ever funds for any Pakistani startup at a valuation of a whopping $275 million. The company aimed to revolutionise the quick commerce industry in Pakistan, a country of over 200 million people. Airlift was backed by Harry Stebbings of 20VC and Josh Buckley of Buckley Ventures who co-led the financing round of $85 million. Sam Altman, former president of Y Combinator;

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