November 18, 2024

IBM CEO on Trump: ‘Less regulation, more innovation’ is a win for business

In this article:

Shift in Regulatory Climate: A potential Trump administration would mark a significant departure from the Biden era’s regulatory scrutiny, particularly under FTC Chair Lina Khan, who aggressively targeted major tech companies like Amazon, Apple, Meta, and Alphabet.
Promise of Reduced Red Tape: Trump has pledged to dismantle Biden’s executive order focused on AI safety regulations, which has sparked mixed reactions within the tech industry.
Uncertainty Around Antitrust Policies: While Trump’s stance on antitrust remains unclear, there’s optimism in the industry about a potentially lighter regulatory approach compared to Biden’s administration.
Market Optimism for Tech Stocks: Analysts anticipate a rally in tech stocks, buoyed by expectations of reduced regulatory pressures, enhanced AI initiatives, and a more favorable environment for Big Tech.
Broader Industry Implications: A hands-off regulatory framework could foster innovation but might raise concerns over unchecked practices in areas like AI and monopolistic behavio

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