Jan 22, 2025 - Politics & Policy
Trump tech forecast
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"Volatile" captures the tech industry's new reality under the second Trump administration.
- With AI booming, social media splintering and crypto inflating, the giant companies that drive today's economy face a huge spike in uncertainty, Axios managing editor for tech Scott Rosenberg writes.
Even today, the unpredictability was public.
- Hours after Trump announced $500 billion AI project Stargate, DOGE head Elon Musk undermined it on X, Axios' April Rubin writes.
- "They don't actually have the money," Musk said on X late yesterday after the project was announced at a White House event with President Trump.
Open AI's Sam Altman — with whom Musk has had a fraught relationship — later responded in a thread with Musk: "Wrong, as you surely know."
- Just over an hour earlier, Altman had posted: "i genuinely respect your accomplishments and think you are the most inspiring entrepreneur of our time."
Buckle up. Four trends that will shape tech's free-for-all world under Trump:
- Rail-free AI: Regulation takes a back seat.
- Unchained crypto: The blockchain gets another shot at glory.
- Deals dynamo: Companies will be less cautious of anti-trust lawsuits.
- Social media's "big sort": The great partisan segregation online continues.
