Silicon Valley’s tech elite are throwing their support behind President Donald Trump’s 2024 campaign, anticipating a deregulatory boom that could supercharge AI development. Investor Louis Navellier, known for predicting early successes like Apple and Nvidia, is forecasting a massive “Trump boom” in AI, fueled by the former president’s plans to roll back regulations and promote technological innovation.
Trump’s focus on freeing up AI research and development has caught the attention of major players in the tech industry, including Andreessen Horowitz and Elon Musk. These industry giants see Trump’s commitment to deregulation as key to advancing the AI sector, which has increasingly been constrained by Democratic-led policies. Trump’s 2019 Executive Order #13,859, which provided the initial framework for AI regulation while doubling research funding, is viewed by many as laying the groundwork for what could be a golden era in AI development.
The addition of Sen. J.D. Vance as Trump’s vice-presidential pick underscores the campaign’s tech-centric approach. Vance, a former Silicon Valley venture capitalist, shares Trump’s deregulatory agenda and is expected to push for even more freedom in AI development.
Navellier has expressed confidence that Trump’s first executive order, if re-elected, will create unprecedented opportunities for investors seeking high returns in the AI space. With backing from some of Silicon Valley’s most influential names, Trump’s campaign is rapidly becoming a focal point for those betting on the future of AI and technological growth.
As tech insiders align with Trump, the convergence of politics and technology is poised to play a significant role in shaping the future of AI, potentially driving the next wave of innovation and investment.
