Trump's administration is expected to foster a deregulated environment for Big Tech, potentially increasing AI competition with China. He has appointed David Sacks as the White House AI and cryptocurrency czar and has engaged with tech leaders like Tim Cook and Sundar Pichai. Jeff Bezos has shown support for Trump's regulatory reduction efforts. As Trump prepares for his next term, he notes a shift in attitudes from tech executives, who are now more willing to collaborate with his administration.
Key takeaways:
- SoftBank Group, led by CEO Masayoshi Son, plans to invest $100 billion in the U.S. during Donald Trump's second term, focusing on artificial intelligence development.
- The investment is expected to create at least 100,000 jobs, doubling the $50 billion investment and 50,000 jobs promised during Trump's first term.
- Trump has shown a strong interest in advancing AI and emerging technologies, appointing David Sacks as the White House AI and cryptocurrency czar and meeting with major tech leaders like Tim Cook and Sundar Pichai.
- Experts anticipate a shift towards a deregulated environment for Big Tech, potentially increasing AI competition with China and impacting various industries such as retail and logistics.