Contrary to the expectations of many, Donald Trump’s invitations to tech leaders had a pretty good audience who turned up to answer the call, and the tech summit which was held in the Trump Tower has lots of interesting highlights, some being totally shocking while some are just as usual.
Many tech leaders expectedly voiced that what they expect from the Trump administration is the enactment of regulations that will let businesses run on their own rather than relying on the government, or being held back by government regulations.
Someone like Eli Gelman feels that the merger between At&T and Time Warner and also Yahoo and Verizon will be helping his business, so obviously, the tech summit also included calls that the government should allow the expected mergers happen rather than hold the companies back with its regulations.
Donald Trump also promised that the administration will do everything it can do to help the tech industry which he threw fists at during the presidential campaign. In his words: “this is truly an amazing group of people, I want to add that I’m here to help you folks do well. We are going to try to have that bounce continue and perhaps even more importantly we want you to keep going with the incredible innovation. There is nobody like you in the world, there’s nobody like the people in this room.”
Trump concludes the opening speech by saying. “We’re going to make it a lot easier for you to trade across borders.” I believe that the relationship between the president-elect and the tech industry will have been a very amiable one had Trump always said these words to them, just wondering why he hadn’t.
Trump and the tech industry agreed that the tax code should be reformed. Donald Trump promised that he will be slashing the corporate tax rate from 15% to 35%, and that means tech companies would be more inclined to keep money in the US. It’s also expected that Trump’s anti-regulatory policies will be aiding start-ups, and there will, no doubt be an agreement there as tech leaders expect just that.
The summit was graced by big names like Apple’s Tim Cook, Alphabet’s Larry Page, Microsoft’s Satya Nadella, Amazon’s Jeff Bezos, Intel’s Brian Krzanich, Tesla’s Elon Musk and many others.