Steve Bannon's observations about Silicon Valley's relationship with the Trump administration highlight a potential alliance driven by the need for regulatory relief. As the tech giants face increasing compliance costs and global regulations, they may view the new administration as a vital partner. This shift is evidenced by activities of figures like Elon Musk and Sam Altman, whom Bannon suggests are aligning with the new political landscape to ensure their businesses remain competitive and secure amid looming financial and legal threats from regulatory bodies worldwide.
Stuck between the soaring costs of complying with global regulations and the astronomical costs of the race for A.I. dominance, our largest tech companies are likely turning to the Trump administration to try to lock in their advantages.
Silicon Valley faces numerous regulatory threats, as governments around the world gradually respond to the havoc Big Tech has caused.
The European Commission will soon levy a fine in the millions against X. Closer to home, antitrust actions against the biggest tech titans are winding their way through the courts.
Elon Musk poured so much money into Mr. Trump's campaign and is now serving as a shadow president, indicating a shift in alignment with political powers.
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