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(The Guardian) When the US election result pushed shares in the artificial intelligence chip giant Nvidia to a record high and did the same to the price of bitcoin cryptocurrency, the market gave its verdict on what Trump redux means for at least parts of the technology world – a boom.
Stock in the electric vehicle (EV) company Tesla surged by nearly 15%, which must have cheered its boss, Elon Musk, whom Trump called a “super genius” on Wednesday.
But what about the people who do not own stock in Silicon Valley firms, but do use their products? Tens of millions of users of Musk’s social media platform, X, will now have to decide if they are willing to post in a place owned by a figure who looks set to be a central part of Trump’s administration.
Musk could be tasked with “making recommendations for drastic reforms” aimed at the efficiency and performance of “the entire federal government”, Trump had said. This could grant him huge power over the agencies that regulate his and other tech companies.
X had already become, according to the independent tech analyst Benedict Evans, “a coordinating site for misinformation” and many felt its amplification of false claims polluted the election. Might a Trump administration then do anything about misinformation on social media?
“He won’t,” said Evans. “He likes misinformation. There is a widespread view in tech that content moderation got out of hand and we need to pull back on this. At most you might need to think about amplification [of misinformation] but not deleting stuff.” So expect a wilder ride on social platforms, perhaps, as they pitch towards the right.
www.theguardian.com
Stock in the electric vehicle (EV) company Tesla surged by nearly 15%, which must have cheered its boss, Elon Musk, whom Trump called a “super genius” on Wednesday.
But what about the people who do not own stock in Silicon Valley firms, but do use their products? Tens of millions of users of Musk’s social media platform, X, will now have to decide if they are willing to post in a place owned by a figure who looks set to be a central part of Trump’s administration.
Musk could be tasked with “making recommendations for drastic reforms” aimed at the efficiency and performance of “the entire federal government”, Trump had said. This could grant him huge power over the agencies that regulate his and other tech companies.
X had already become, according to the independent tech analyst Benedict Evans, “a coordinating site for misinformation” and many felt its amplification of false claims polluted the election. Might a Trump administration then do anything about misinformation on social media?
“He won’t,” said Evans. “He likes misinformation. There is a widespread view in tech that content moderation got out of hand and we need to pull back on this. At most you might need to think about amplification [of misinformation] but not deleting stuff.” So expect a wilder ride on social platforms, perhaps, as they pitch towards the right.
What a second Trump presidency means for big US tech firms
Instant boom enjoyed by some sectors belies complex decisions to be made on AI, monopolies and social media
www.theguardian.com
