K-SignalAI-generated
Musk suffers major political blow in Texas midterm defeat
Elon Musk, the Tesla and SpaceX CEO, was one of the biggest losers of the U.S. midterm elections, even though he was not on the ballot, as Republicans suffered a landslide defeat and Texas elected its first Democratic governor in more than three decades, the Korea Times reports. Musk spent astronomical sums on the election, including about 200 billion won on the Texas Senate race alone, but the Democratic Party won both the Senate and gubernatorial races in Texas, his business base, according to the Dong-A Ilbo and Maeil Business Newspaper. His plans to build AI data centers and semiconductor factories in Texas could now face setbacks, and his political influence and business expansion have taken a major hit, the reports say. Korean media also note that Democrats' gains could raise regulatory risks for Big Tech and slow AI investment, potentially affecting Korean chipmakers, while opponents of data centers were among the biggest winners, pointing to a shifting public mood on AI, the Korea Times reports. Prime Minister Han Seong-sook said Thursday she anticipates no big changes in relations with the United States after Trump's election defeat, Yonhap reports.
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