Outrage over his 2016 election victory has given way to wariness but also anticipation of opportunities, says Richard Waters for the Financial Times.
Tesla CEO and X owner Elon Musk speaks as Republican presidential nominee and former US president Donald Trump looks on during a rally at the site of the July assassination attempt against Trump, in Butler, Pennsylvania, US. SAN DIEGO, California: When Donald Trump was first elected to the White House in 2016, Silicon Valley recoiled in horror.
And, frustrated by the perceived regulatory overkill of the Biden administration and a “woke” liberal establishment, a small but vocal band,There is now a sense of both risk and opportunity for the tech sector. Navigating the sometimes conflicting impulses of the new administration, along with Trump’s frequent reversals in position and proclivity for personal vendettas, will be key.
With most of the Biden grants promised but not yet finalised, the scramble before the change in administration will now be frantic. More generally, though, an expectation that the Trump administration will dial back antitrust pressure, along with an intensification of the rivalry with China, has raised industry hopes.
When it comes to dealing with a Trump White House, nothing beats the personal touch. Other tech leaders are transfixed by Elon Musk, whose decision to go all-in for the Trump campaign paid off this week in spectacular fashion.
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