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The tech industry spent big on the midterms, but it turned out to be a poor investment. Elon Musk poured a staggering $446m dollars into Republican-aligned political action committees (Pacs) and groups since last year, but his efforts didn’t pay off. Democrats won every one of the five Senate races where Musk’s America Pac spent the most money backing Republican candidates. Carter Sherman and Kai Wright are joined by the Guardian’s US tech editor, Blake Montgomery, to ask what the ‘blue tsunami’ will mean for Musk and the wider tech industry. Will this spell the end of AI datacenters? And if so, what could this mean for the US economy?

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