Trump’s second term will have enormous implications for Big Tech. Here's why.

Yahoo Finance11-14 04:00

The technology industry will face serious questions about some of its biggest issues when Donald Trump takes office in January. The president-elect will have a say on a range of topics including AI ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2483545518?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/lAiiCu9FwCrVEv4zlBw1Cg--~B/aD0zMzMzO3c9NTAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2024-11/c01028b0-a11e-11ef-bdaf-98df54fe4ba4","is_english":true,"pubTime":"2024-11-14 04:00","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2483545518","market":"us","top_or_hot":-1,"title":"Trump’s second term will have enormous implications for Big Tech. Here's why.","media":"Yahoo Finance","content":"<div>\n<p>The technology industry will face serious questions about some of its biggest issues when Donald Trump takes office in January.\nThe president-elect will have a say on a range of topics including AI ...</p>\n\n<a href=\"https://finance.yahoo.com/news/trumps-second-term-will-have-enormous-implications-for-big-tech-heres-why-200000413.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump’s second term will have enormous implications for Big Tech. Here's why.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump’s second term will have enormous implications for Big Tech. Here's why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 04:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/trumps-second-term-will-have-enormous-implications-for-big-tech-heres-why-200000413.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The technology industry will face serious questions about some of its biggest issues when Donald Trump takes office in January.\nThe president-elect will have a say on a range of topics including AI ...</p>\n\n<a href=\"https://finance.yahoo.com/news/trumps-second-term-will-have-enormous-implications-for-big-tech-heres-why-200000413.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BFSS7M15.SGD","symbol_name":"Janus Henderson Balanced A Acc SGD-H","start_time":0,"source_url":"https://finance.yahoo.com/news/trumps-second-term-will-have-enormous-implications-for-big-tech-heres-why-200000413.html","article_id":"2483545518","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/lAiiCu9FwCrVEv4zlBw1Cg--~B/aD0zMzMzO3c9NTAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2024-11/c01028b0-a11e-11ef-bdaf-98df54fe4ba4"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483545518","pubTimestamp":1731528000,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The technology industry will face serious questions about some of its biggest issues when Donald Trump takes office in January.The president-elect will have a say on a range of topics including AI and antitrust regulation, as well as the future of the CHIPS Act — and all of it will have huge implications for Big Tech’s future.Trump hasn’t had the best relationship with the tech industry over the years. He’s sparred with Amazon  and Blue Origin founder Jeff Bezos over stories published by the Washington Post, which Bezos owns, about Trump during his first term. Trump also threatened to jail Meta  CEO Mark Zuckerberg after accusing him of plotting against him in the 2020 election — and says he personally reached out to Google  CEO Sundar Pichai because he didn’t see enough positive stories about him in his Google Search results.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0061474960.USD":"天利环球焦点基金AU Acc","LU0238689110.USD":"贝莱德环球动力股票基金","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0187121727.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","META":"Meta Platforms, Inc.","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0823411888.USD":"法巴消费创新基金 Cap","LU0079474960.USD":"联博美国增长基金A","BK4503":"景林资产持仓","LU0080751232.USD":"富达环球多元动力基金A","AMZN":"亚马逊","BK4122":"互联网与直销零售","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","BK4505":"高瓴资本持仓","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0130518102.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"R\" INC","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","BK4511":"特斯拉概念","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4170":"电脑硬件、储存设备及电脑周边","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","GOOGL":"谷歌A","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","GOOG":"谷歌","LU0203201768.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"AX\" (USD) INC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","MSFT":"微软","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","AAPL":"苹果","BK4515":"5G概念","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","IE00B3SWFQ91.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) INC","BK4576":"AR","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. VL \"A\" (USD) ACC","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","TSLA":"特斯拉","IE00B5TLWC47.USD":"BNY MELLON LONG-TERM GLOBAL EQUITY \"B\" (USD) ACC"},"translate_title":"特朗普的第二个任期将对大型科技公司产生巨大影响。原因如下。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMZN":1,"TSLA":1,"META":1,"AAPL":1,"MSFT":0.9,"GOOG":0.9,"GOOGL":0.9},"content_text":"The technology industry will face serious questions about some of its biggest issues when Donald Trump takes office in January.\nThe president-elect will have a say on a range of topics including AI and antitrust regulation, as well as the future of the CHIPS Act — and all of it will have huge implications for Big Tech’s future.\nTrump hasn’t had the best relationship with the tech industry over the years. He’s sparred with Amazon (AMZN) and Blue Origin founder Jeff Bezos over stories published by the Washington Post, which Bezos owns, about Trump during his first term. Trump also threatened to jail Meta (META) CEO Mark Zuckerberg after accusing him of plotting against him in the 2020 election — and says he personally reached out to Google (GOOG, GOOGL) CEO Sundar Pichai because he didn’t see enough positive stories about him in his Google Search results.\nBut Trump also has high-powered backers in tech, including Tesla (TSLA) CEO Elon Musk, Anduril Industries founder Palmer Luckey, and Andreessen Horowitz founders Marc Andreessen and Ben Horowitz, who donated millions to a pro-Trump super-PAC.\nNow, Trump is coming into office with a Republican majority in the Senate and an expected majority in the House of Representatives, giving him extraordinary power to enact his agenda. But that doesn’t necessarily mean the tech industry is headed for a difficult four years. In fact, Trump’s second term in the White House could benefit some of tech’s major players.\nAntitrust regulation\nThe Biden administration set out to corral Big Tech’s outsized market power by launching a slew of antitrust suits against Google parent Alphabet, Amazon, and Apple (AAPL). The Federal Trade Commission, helmed by Lina Khan, also refiled a suit against Meta that was originally brought under the Trump administration that claims the social network operates as an illegal monopoly.\n\n\n\n  Alphabet CEO Sundar Pichai speaks at a Google I/O event in Mountain View, Calif., May 14, 2024. (AP Photo/Jeff Chiu, File)\n \n\n  ASSOCIATED PRESS\n \n\nBut a second Trump administration may be less aggressive on antitrust regulation. During an interview with Bloomberg editor in chief John Micklethwait, for example, Trump said that rather than breaking up Google, which the Department of Justice under the Biden administration has floated as a possibility, he would make changes to make the business “more fair.”\nIt doesn’t hurt that, according to the New York Times, tech CEOs reached out to Trump in the lead-up to the election, with Pichai praising the president-elect’s stop at a McDonald’s during the campaign and Bezos calling Trump after surviving his first assassination attempt in July. Bezos and Pichai were also among the major tech leaders who congratulated Trump on his election win last week.\n“The fact that he has the support of a lot of these tech titans is emblematic of a sense that they think he's warmer to tech, but also less concerned about trying to quote 'break up Big Tech' on the antitrust side,” explained director of Cornell University’s Tech Policy Institute, Sarah Kreps.\nAI legislation\nGenerative AI didn’t take the world by storm until well after Trump’s first term was over. As he enters his second term, the technology is all Silicon Valley, and Wall Street, want to talk about. But tech companies are also interested in hammering down some kind of AI regulation.\n\n\n\n  FILE - Intel CEO Pat Gelsinger speaks during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023. (AP Photo/Seth Wenig, File)\n \n\n  ASSOCIATED PRESS\n \n\nRegulation takes the onus off of Big Tech to make important decisions about how they operate their services while ensuring there’s a single piece of legislation that governs the use of AI across the country, rather than a state-by-state patchwork of rules.\nThe Biden Administration attempted to implement AI regulation through an executive order seeking to allow for the development of new AI technologies while protecting against potential misuses. But Trump’s penchant for deregulation could dismantle Biden’s executive order in favor of a more laissez-faire approach.\nHowever, a lack of regulation in AI could be problematic down the line.\n“We've seen when that happens,” explained Carnegie Mellon University Heinz College professor Ari Lightman. “When that occurs and sort of guardrails are taken off, we have a lot of societal implications associated with it. A lot of harms that get perpetrated, and a lot of people become very, very rich.”\nTrump surrogate Musk has repeatedly raised the specter of unchecked AI development, and as the head of xAI, it would make sense for Musk to appeal to Trump for some kind of rules around AI. Of course, it wouldn’t hurt Musk if those rules were relatively malleable.\nThe CHIPS Act and tariffs\nThe second Trump administration will also have plenty of input when it comes to the fate of the CHIPS Act. A hallmark piece of legislation under the Biden Administration, the CHIPS Act is designed to provide funding to semiconductor designers and manufacturers in an attempt to bring chip building back to the US.\nBut Trump has signaled his displeasure with the $52.7 billion legislation, and House Speaker Mike Johnson said that Republicans would likely repeal the act, before walking the statement back earlier this month.\n\n\n\n  Nvidia CEO Jensen Huang speaks during Computex 2024 in Taipei on June 4, 2024. (I-HWA CHENG/AFP via Getty Images)\n \n\n  I-HWA CHENG via Getty Images\n \n\nWhile it’s unlikely that the CHIPS Act will be repealed, Trump could seek to push the funding out to companies faster while cutting down on red tape around the development of manufacturing facilities.\n“The CHIPS Act is extremely unlikely to be repealed. There is bipartisan support for industrial policy, especially for chips,” Rhodium Group director Reva Goujon told Yahoo Finance.\nBut during an appearance on Joe Rogan's podcast, Trump derided the CHIPS Act and said that he preferred to instead put tariffs on chips from overseas as a way to force companies to build chip plants in the US.\nTariffs would mean companies importing chips from overseas, whether from Taiwan or China, would have to raise prices on devices that include those semiconductors. And that could hurt the entire tech industry.\n“Hardware businesses are going to be impacted because some part of their supply chain exists in China,” explained Harvard Business School professor David Yoffie.\n“So whether we're talking about computers or hard drives or telecommunications equipment, there's some piece of every part of a supply chain that has either assembly or manufacturing in the Chinese state.”\nThat could mean higher prices on everything from consumer goods like PCs and smartphones to AI chips for high-powered enterprise servers. Now we just have to wait until Trump is sworn in on Jan. 20 before we can find out the full impact of his proposals on the tech industry.\n\n\n\n   Sign up for Yahoo Finance's Week in Tech newsletter.\n  \n\n   yahoofinance\n  \n\nEmail Daniel Howley at dhowley@yahoofinance.com. Follow him on Twitter at @DanielHowley.\nFor the latest earnings reports and analysis, earnings whispers and expectations, and company earnings news, click here\nRead the latest financial and business news from Yahoo Finance.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483545518"}