The news: Business optimism surged after the news of a decisive victory for former President Donald Trump on Wednesday, with markets closing at record highs. The Dow spiked 1,507 points—marking its first 1,000-point gain in two years, per CNN.
A second Trump presidency is expected to usher in a dramatic regulatory shift in favor of Big Tech and AI industries that could accelerate innovation, but at the expense of safety and ethical standards.
Change is inevitable for Big Tech and AI: Trump could dial back some of the sweeping antitrust policies initiated by President Joe Biden’s administration, including ceasing efforts to break up Google over its monopoly in search, per Reuters.