AI Startups, Investors Eagerly Await Less ‘Red Tape’ Under Trump
Practitioners expect more acquisitions and less oversight in a Trump administration expected to repeal Biden’s executive order. But Elon Musk’s influence is one question mark.
Some artificial intelligence industry leaders are hopeful that Trump's administration will adopt more innovation-friendly policies.
As Donald Trump prepares to return to the White House, artificial intelligence executives and investors in Silicon Valley are expecting the new administration to make it easier to build — and lucratively sell — AI startup companies.
In public posts on social media and in private conversations, AI leaders said they were preparing for loosened regulatory mandates and more expansive export controls on chips — as well as the return of full acquisitions of AI startups by tech giants, which has been largely curtailed due to fears of antitrust scrutiny.
Cofounders from OpenAI and Anthropic, two of the leading AI research labs behind popular models GPT-4 and Claude 3, took to X, the social media site owned by billionaire and Trump whisperer Elon Musk, to acknowledge the election win, alongside the CEOs of corporations with significant AI divisions such as Google and Meta.
