{"id":659116,"date":"2025-01-21T00:00:00","date_gmt":"2025-01-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/21\/tech-titans-tighten-grip-on-trumps-second-term\/"},"modified":"2025-01-21T00:00:00","modified_gmt":"2025-01-21T00:00:00","slug":"tech-titans-tighten-grip-on-trumps-second-term","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/21\/tech-titans-tighten-grip-on-trumps-second-term\/","title":{"rendered":"Tech titans tighten grip on Trump\u2019s second term"},"content":{"rendered":"

As Donald Trump returns to the White House, an unprecedented constellation of tech bn\u2019aires is positioned to shape his administration\u2019s policies.<\/strong> At Trump\u2019s inauguration<\/a>, Meta\u2019s Mark Zuckerberg, Amazon\u2019s Jeff Bezos, Google co-founder Sergey Brin, and most notably, Elon Musk \u2014 now the world\u2019s wealthiest person, and self-proclaimed \u201cfirst buddy\u201d in chief at the White House \u2014 occupied seats<\/a> typically reserved for distinguished government officials. <\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to external sources.)<\/p>\n

This wasn\u2019t just ceremonial \u2014 it signaled a new power dynamic in Washington.<\/strong> Musk\u2019s influence has already proved significant. Fresh off spending over USD 250 mn<\/a> to help secure Trump\u2019s victory, he flexed his new political muscles by helping derail an emergency spending measure, nearly triggering a government shutdown. Trump has appointed Musk to lead a new non-governmental office focused on reducing government inefficiencies, though he dismisses<\/a> suggestions that Musk might overshadow his presidency.<\/p>\n

The tech influence extends beyond Musk.<\/strong> The new administration features an unprecedented number of bn\u2019aires in key positions, with around thirteen serving in various roles. The total net worth of the rich members of Trump\u2019s administration could reach USD 460 bn, as per ABC News<\/a> calculations \u2014 a dramatic shift from Joe Biden\u2019s cabinet, which had a total net worth of approximately USD 118 mn<\/a>.<\/p>\n

Despite receiving substantial financial support from tech leaders, Trump maintains that they won\u2019t receive special treatment: <\/strong>\u201cThey\u2019re not going to get anything from me. I don\u2019t need money, but I do want the nation to do well, and they\u2019re smart people [who] create a lot of jobs.\u201d This came as a response<\/a> to Biden\u2019s warning<\/a> that the US was becoming an \u201coligarchy of tech bn\u2019aires wielding dangerous levels of power\u201d during his farewell address.<\/p>\n

As AI and other technological advances reshape society, the implications of this tech-wealthy coalition extend far beyond traditional policy debates. <\/strong>With Silicon Valley\u2019s most powerful figures now directly shaping government policy, questions remain about how this will affect everything from industry regulation to social media oversight and AI development, especially after Trump issued an executive order yesterday reversing a Biden decision on restriction on AI systems that could pose risks on national security, economy, or public safety.<\/p>\n

Power by pandering:<\/strong> In 2017, the Meta CEO publicly opposed Trump\u2019s immigration policies, citing his own family\u2019s immigrant background. Now, Zuckerberg has maneuvered to co-host an exclusive black-tie inaugural event alongside Trump\u2019s top donors, after making a series of moves to curry favor<\/a> with the new administration, including praising \u201cmasculine energy\u201d on Joe Rogan\u2019s<\/a> podcast, shifting in the tech community\u2019s DEI initiatives to overtly enforce a status quo that has always been exclusionary, and is in line with MAGA\u2019s policies.<\/p>\n

Jeff Bezos, who once worried that Trump \u201cerodes [US] democracy around the edges,\u201d has also changed course.<\/strong> Amazon contributed USD 1 mn to the inaugural committee, and agreed to produce a documentary about First Lady Melania Trump.<\/p>\n

Why? The stakes for these tech leaders are enormous.<\/strong> Zuckerberg faces a Federal Trade Commission lawsuit against Meta. Bezos\u2019 Amazon is battling antitrust cases. Musk\u2019s Tesla is under federal investigation for its auto-driving technology, while SpaceX competes with Bezos\u2019 Blue Origin for lucrative government contracts as they both try to edge out NASA. The question remains: Will these tech titans\u2019 expensive bet on Trump pay off? Or will they live and see that Trump\u2019s favor can be as fleeting as it is expensive?<\/p>\n","protected":false},"excerpt":{"rendered":"

Despite substantial support from tech titans, Trump maintains that they won\u2019t receive special treatment<\/p>\n","protected":false},"author":1,"featured_media":659117,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[12094,633,638,2712,3389],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-659116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-dei","tag-enterprisepm","tag-for-your-commute","tag-mark-zuckerberg","tag-silicon-valley","wpautop","entry"],"acf":{"mongo_id":"8a27ce40-e28c-4eb0-a836-94b26f5ff8fd","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/1467.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[659111],"teaser":"Despite substantial support from tech titans, Trump maintains that they won\u2019t receive special treatment","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.58b76dbf-430e-45db-8a5c-627c3c4ccdf5.mp3"},"yoast_head":"\nTech titans tighten grip on Trump\u2019s second term - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/01\/21\/tech-titans-tighten-grip-on-trumps-second-term\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tech titans tighten grip on Trump\u2019s second term\" \/>\n<meta property=\"og:description\" content=\"Despite substantial support from tech titans, Trump maintains that they won\u2019t receive special treatment\" \/>\n<meta property=\"og:url\" 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The milestone comes in line with the FTSE Women Leaders Review\u2019s\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/504.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553162,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/24\/st-catherines-monastery-played-host-to-the-worlds-oldest-star-map-is-metas-bet-on-the-metaverse-sinking\/","url_meta":{"origin":659116,"position":3},"title":"St Catherine\u2019s Monastery played host to the world\u2019s oldest star map + Is Meta\u2019s bet on the metaverse sinking?","author":"enterpriseam admin","date":"24 October 2022","format":false,"excerpt":"The world's oldest star map has been found in Egypt: Researchers discovered what is believed to be a fragment of the world\u2019s oldest complete star map at St Catherine\u2019s Monastery, science and tech journal Nature reports. 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