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Tech exodus from California has nothing to do with principles

The 'tech-odus' is being blamed on clashing ideologies, but the real reason is probably less high-minded.

After 17 years in the Bay Area, Palantir Technologies flounced out of California in 2020, declaring Silicon Valley a “monoculture”. According to the $US43 billion ($55.7 billion) data analysis company, Denver Colorado is the future.

There is no guarantee Colorado will prove more tolerant of Palantir’s controversial government contracts than California. But Palantir is not alone in moving. In December Elon Musk declared he had relocated to Texas, where electric car company Tesla has a factory under construction. Oracle’s Larry Ellison says his primary residence is now Hawaii.

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    Original URL: https://www.afr.com/technology/tech-exodus-from-california-has-nothing-to-do-with-principles-20210111-p56t61