Big Tech leaders seek favorable regulations from potential second Trump presidency
Big Tech leaders, including CEOs from Amazon, Apple, Google, Meta, and Microsoft, congratulated Donald Trump on his election victory, signaling a shift from their cautious responses in previous elections. They hope for a more favorable regulatory environment for deals, antitrust issues, and artificial intelligence.
Trump's second term may lead to increased corporate mergers and acquisitions, which have been stalled under the Biden administration's scrutiny. Tech companies have adapted by hiring AI start-up founders instead of acquiring them outright to avoid antitrust challenges.
Social media firms are also adjusting their strategies, with leaders like Mark Zuckerberg expressing support for Trump. The tech sector anticipates a lighter regulatory touch on AI, contrasting with the previous administration's cautious approach.