Trump’s victory will profit Elon Musk and xAI

Disclaimer: I voted for Kamala Harris within the 2024 presidential election and stand by my alternative.

Republican politician and businessman Donald J. Trump has gained the 2024 U.S. presidential election in a powerful political comeback, regardless of numerous pre-election polls displaying him neck-and-neck together with his opponent Kamala Harris (the present and now outgoing Vice President, a Democrat).

As many who observe the information know all too effectively, certainly one of his most outspoken allies on this election was none different six-company proprietor/operator and know-how multibillionaire Elon Musk, who dedicated tens of thousands and thousands in funding to a political motion committee advocating Trump’s re-election.

All of Musk’s know-how corporations stand to profit from Trump’s return to workplace

Musk owns or operates the next corporations, all of which stand to profit from Trump retaking energy:

• Tesla Motors: Although Trump has pledged to not implement electrical automobile mandates or tighter emissions requirements, Musk’s common electrical automobile and autonomous automobile firm may benefit from loosened restrictions on automobile requirements general, particularly with reference to autonomy. Already, Tesla inventory is up greater than 13% at present on the election being referred to as for Trump.
• SpaceX: Musk’s rocketry and spacefaring firm has feuded earlier than with the federal authorities, significantly the Federal Aviation Administration (FAA) which simply final month levied $633,009 in fines to SpaceX alleging it didn’t “observe its license necessities throughout two launches in 2023.” Musk would probably search to make use of the Trump Administration to recall this high quality and take away future licensing necessities stopping what he sees as essential velocity and nimbleness from the company or a extra “hands-off” method.
• Starlink: Equally, Musk’s satellite tv for pc web offshoot Starlink, which at the moment has greater than 6,000 satellites beaming web from orbit, would probably profit from Trump’s pledges to cut back administrative burdens and crimson tape from federal regulatory businesses such because the Federal Communications Fee (FCC) and FAA.
• Neuralink: Musk’s experimental mind implant firm has reportedly triggered the loss of life, damage and dismemberment of check monkeys but in addition additionally been efficiently implanted right into a paralyzed human affected person, permitting them to manage a pc with their mind indicators. Given it’s a medical machine, it’s overseen by the federal Meals and Drug Administration, which has already accepted Neuralink implantation in people and trials. However the Trump victory will probably solely additional clear the way in which for Neuralink to ramp up its trials on extra human topics and accomplish that quicker.
• X: Musk’s social community, the renamed Twitter he bought for $44 billion two years in the past, has already been via a strategy of mass and focused layoffs, in addition to coverage and have updates allowing extra freewheeling and extremist speech and content material, and led to a extra political right-wing oriented userbase and content material. This pattern is prone to proceed and X to achieve much more prominence as a mouthpiece for Musk’s, Trump’s, and their allies’ positions.

xAI could profit and transfer from being a runner-up within the AI race to a frontrunner

However most significantly of all, xAI, Musk’s AI startup offshoot of X designed to rival his former firm OpenAI, is now prone to turn out to be way more of a viable different to the U.S. authorities and navy as a contractor and AI know-how providers supplier.

Already, the U.S. authorities has been courted by and is reportedly working with OpenAI, Anthropic, and Meta to combine generative AI fashions into numerous departments.

Nonetheless, now that Musk helped propel Trump to a victory, count on xAI to affix within the record of federally accepted AI distributors and presumably even most popular AI distributors — although after all, the federal government is technically supposed to stay vendor-neutral for corporations working inside the U.S., signing contracts primarily based on request-for-proposals and the companies’ health for the job.

xAI may even probably profit from repealed Biden-era AI Government Order

But as AI influencer Andrew Curran famous on Musk’s X community this morning, one other direct end result of Trump reassuming the White Home come January 2025 (when he’s to be sworn in) is a powerful chance — outlined within the Republican Occasion election platform — of the repeal of outgoing President Joe Biden’s Government Order (EO) on AI, which Biden issued in October 2023 and requires builders of highly effective basis fashions to share security check outcomes and different important info with the US authorities and topics corporations coaching AI fashions to red-teaming workouts by the federal company The Nationwide Institute of Requirements and Know-how (NIST).

Whereas many within the AI {industry} and outdoors of it applauded this order as a method of guaranteeing security of AI deployments on American and world society, some analysts steered it might result in undermining U.S. AI competitiveness on the worldwide stage, each within the business (direct-to-consumer and business-to-business) market and the navy area.

As such, with the probably repeal of this EO come January 2025 or early 2025, it might assist xAI and its rivals in delivery new fashions quicker — although as we’ve seen with xAI’s Grok-2 and its permissive picture technology characteristic, that may additionally result in an increase in deepfakes and different wild, offensive, but in addition inventive and imaginative AI imagery.

Both method, issues are trying good for Musk’s corporations and xAI specifically – and that will assist the corporate’s fashions turn out to be extra attractive to builders and enterprise clients.