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Source: AFP
What volition Donald Trump's 2nd stint successful the White House mean for a US tech manufacture successful the throes of an artificial quality frenzy?
For definite Elon Musk, the world's richest person, volition play a cardinal relation successful Trump's Silicon Valley policies aft backing the Republican's statesmanlike campaign.
"A prima is born: Elon!" Trump said successful a lengthy shoutout to the Tesla and SpaceX brag during his triumph code aft Tuesday's election.
Musk is slated to instrumentality a important relation successful the White House, wherever helium volition apt person power implicit the regularisation of tech, including successful matters related to his companies Tesla, SpaceX and the X level (formerly Twitter).
At Musk's side, volition apt beryllium a radical of tech "accelerationists", members of Silicon Valley's much libertarian right-wing, who privation innovation to thrive unfettered by the government.
Unlike their aboriginal caution during Trump’s archetypal term, tech titans were swift to laud the president-elect connected his victory.
"Big congratulations to our 45th and present 47th President connected an bonzer governmental comeback and decisive victory," wrote Amazon laminitis Jeff Bezos connected X.
Bezos had already signaled his shifting presumption by directing The Washington Post, which helium owns, to refrain from endorsing Kamala Harris — a determination wide interpreted arsenic an effort to debar imaginable friction with a returning Trump administration.
Apple brag Tim Cook sent his congratulations, arsenic did Mark Cuban, a tech billionaire backer of Harris, who said Trump won the predetermination "fair and square."
Meta supremo Mark Zuckerberg congratulated Trump excessively and has spent the past months, cautiously trying to rebuild a narration with the president-elect, who often singles retired the Facebook laminitis for his vitriol.
Policy-wise the tech titans volition beryllium agreed successful wanting to spot the departure of Lina Khan, the caput of the Federal Trade Commission, who has pursued a argumentation of slowing the unrestricted dispersed of their tech empires.
An aboriginal people of Trump's attraction could beryllium the enforcement bid from President Joe Biden connected regulating artificial intelligence.
The bid sets voluntary standards for AI safety, emphasizing privateness protection, warring bias and offers guidelines connected however AI tin beryllium deployed by the government.
It besides established the US AI Safety Institute (AISI), a assemblage to survey risks successful AI systems.
The bid could beryllium overhauled oregon rubbished, with Trump sympathetic to arguments that innovation should not beryllium constrained by rules.
Crypto craze
Trump volition astir surely marque it easier for cryptocurrencies to thrive aft tech moguls intimately linked to the manufacture donated generously to his campaign.
Crypto markets surged higher aft his win, with bitcoin hitting a caller all-time-high supra $75,000.
During his presidency Trump referred to cryptocurrencies arsenic a scam, but has since radically changed his position, adjacent launching his ain crypto product.
He volition effort to region Gary Gensler, the crypto-skeptic caput of the Securities and Exchange Commission, who has go a loathed bogeyman for the sector.
The troubled destiny of TikTok could change, with Trump having voiced absorption to a Biden-backed law, ordering that the fashionable app divest from Bytedance, its Chinese owner.
TikTok has until January to find a purchaser oregon look the ban, but Trump opposes it, saying it would lone boost Instagram and Facebook, which helium believes dainty him unfairly.
Trump has besides expressed intentions to dismantle the CHIPS Act, replacing Biden's manufacturing subsidies with assertive tariffs designed to unit companies to physique successful the US.
Industry expert Jack Gold cautioned against this approach, noting that "tariffs unsocial volition not enactment to bring backmost US spot production.... Tariffs are a penalty, portion the CHIPS enactment is an incentive."
A looming commercialized warfare with China besides looms.
The stock terms successful Apple didn’t spot the stock terms jumps seen connected Wall Street much broadly aft the Trump triumph with questions implicit its dependence connected Chinese factories to physique iPhones.
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Source: AFP
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English (US) ·