AXIOS January 22, 2025
“Volatile” is the one word that describes the tech industry’s new reality under the second Trump administration.
Why it matters: With AI booming, social media splintering and crypto inflating, the giant companies that drive today’s economy face a huge spike in uncertainty.
The big picture: President Trump’s track record of sudden policy about-faces and unpredictable lurches governed by whim and self-interest puts CEOs in a defensive crouch.
- Some, like Meta’s Mark Zuckerberg, have enthusiastically moved into the MAGA tent, joining tech billionaires like Elon Musk and Marc Andreessen. Others are standing outside but paying ritual tribute.
- Silicon Valley leaders won’t shed tears, for the most part, as Trump’s team disassembles Washington’s half-constructed regulatory regime for AI and backs off...
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