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Your guide to what the US election 2024 means for Washington and the world
Be careful what you wish. Silicon Valley's hectic promoting by Donald Trump seems to repay. In his first week, the US President scrapped a bidea -Executive Order for AI Security and said he desired to dominate the world in artificial intelligence. His support has brought one other trust and caused US technology firms to extend their pressure on regulatory accommodations in Brussels.
Even the undeniable fact that US technology firms have a postponement of their habitual role as Trump's box bags on social media is a turn for the higher – although that doesn’t mean.
But the risks of a counter response increase. As symbols and tools of the US power to be seen in a time of accelerating geopolitical tensions, has already been affected.
An obvious sign of that is the way in which Tech firms damage to wreck in fighting, because the latest administration swings trade tariffs as an all-purpose weapon.
In view of his proximity to the president, firms that belong to Elon Musk are first in the hearth line. The Financial Times reported this week that Tesla should not be tested as trading tensions from the testing of his driverless automobile software on the streets of China. There were also contributions with a broader effect. China initiated a brand new cartel examination in Alphabet and wanted to extend the examination of US chip company.
However, the larger risks are ahead. In the years of globalization led by the USA, a big a part of the world opened for booming US technology firms. With the international order, which works through the change within the deterioration, this appears to be apparently apparently the past – even when a raw effort of the US power gives a lift at short notice.
This combination of a brief -term advantage and long -term risk doesn’t appear to be more obvious anywhere than in Europe.
Even without pressure from the USA, Brussels showed signs that his role as a regulator is revised. The dangers of a regulating technology approach were emphasized by Mario Draghi, the previous European Central Bank boss, whose report on the digestion of the EU competitivity last 12 months was still reverberating. Draghi wrote within the FT last week and said that using regulation, with a purpose to reduce the risks of technology, reduced a commendable goal, didn’t help to strengthen the broader well -being of European residents.
In a reference to a shift, Brussels scrapped a plan to make technology firms for AI error-etwas, which was convicted in Silicon Valley, but additionally threatened to carry back its own tech start-ups in Europe.
The EU supervisory authorities have also considered how aggressively they need to apply the brand new digital markets act against US -Tech giants. It is simply too early to say what it will result in, but after years of receiving billions of dollars fines, Silicon Valley felt a change.
However, the transatlantic shock waves, that are spreading from Trump in Europe in the primary weeks of office, could lead on to a political counter response. For their critics in Europe, technology firms that match the brand new US administration have only confirmed the long-term suspicion. Well -being of the residents of the continent.
The concerns in regards to the US dependency have prolonged interest in the thought of ​​a “Eurostack” – a whole series of technical infrastructures which might be controlled in Europe, from chips to software applications.
The effects of such ideas are probably very limited at short notice. There are simply no alternatives to some strategic American technologies comparable to AI chips, and the extent of its cloud infrastructure firms and the dominance of many software areas make them irreplaceable.
The query is whether or not the increasing tensions with the USA – along with the broader use of AI, will probably be sufficient for the most important latest probability in Tech for years to galize the political decision -makers and tech entrepreneur in Europe.
Earlier attempts to own European versions of the infrastructure within the United States, as to which the Quaero-WEB search engine and the GAIA-X system for improving cloud data center-Sind don’t come much. As Deepseek's groundbreaking movements in AI have shown, AI may be wide open for disorders.
For the Silicon Valley, it is evident risks to be identified too closely with a president who withdraw the world of US power. But in view of your needs of his consent, chances are you’ll not have another alternative.
