What big tech CEOs want from second Trump presidency

Leaders of major tech firms have expressed their hopes for a more favourable environment under a potential second term of President Donald Trump, following his victory in the 2024 US election.

CEOs of Amazon, Apple, Google, Meta, and Microsoft, who have faced increasing scrutiny under the Biden administration, posted supportive messages to Trump, signalling their desire to rebuild ties and benefit from a business-friendly administration, Caliber.Az reports per foreign media.

The tech giants are eager for relief from antitrust investigations and regulatory hurdles that have intensified under President Biden. Under Trump, they anticipate a more lenient stance on mergers and acquisitions, which have been stymied by heightened regulatory scrutiny. Microsoft, Amazon, and Google, for instance, have adapted by acquiring smaller tech companies in ways that avoid antitrust challenges, but they hope for a more straightforward path to growth under Trump.

Trump’s potential return could also bring relief from international antitrust scrutiny, particularly from the European Union, which has imposed fines and regulations on US tech firms. Apple CEO Tim Cook has expressed interest in engaging with Trump, who has been critical of the EU’s treatment of American companies. The tech sector hopes Trump could intervene to reduce regulatory pressures from Brussels.

In terms of social media, companies like Meta are keen to avoid the wrath of Trump, who has accused tech firms of censoring conservative voices. Zuckerberg, who has shown more public openness to Trump, congratulated him on his victory and expressed willingness to work together.

Another key area of interest is artificial intelligence (AI). Trump has voiced support for minimal regulation, promising to roll back Biden’s more cautious AI policies. This aligns with tech leaders like Musk, who sees AI as crucial for global competitiveness, especially with China.

Overall, Big Tech hopes that a second Trump presidency will create a more business-friendly environment, reduce regulatory barriers, and allow for greater freedom to innovate and grow.

By Vafa Guliyeva