Bloomberg Technology Trump's Big Tech Influence
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Jan 21, 2025 Jake Ochenklaas, a U.S. Representative from Massachusetts known for his work on TikTok legislation, joins Bank of America CEO Brian Moynihan to discuss the significant role of big tech during Trump's inauguration. They delve into the consequences of tech CEOs' influence on government, the ongoing regulatory struggles for platforms like TikTok, and the intersection of national security with social media governance. The conversation highlights urgent reforms needed amid bipartisan debates and the evolving landscape of AI and cryptocurrency.
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Tech Elite at Inauguration
- Tech CEOs, including Tim Cook and Elon Musk, attended Donald Trump's inauguration.
- Their combined net worth exceeded $1.3 trillion, showcasing tech's prominence.
AI Regulation Reversal
- President Trump rescinded Biden's executive order regulating artificial intelligence.
- This suggests a hands-off regulatory approach by the new administration.
Tech's Prominence
- Tech leaders were prominently seated at the inauguration, ahead of Trump's cabinet.
- This signals tech's significant influence within the new administration.