@BuyFromEU
Any opportunity to deregulate Big Tech is seized upon by them.

This deregulation involves obtaining more data for the benefit of these Big Tech companies, namely profit from personal data.

Additionally, if there is no regulation on sustainability, there will also be irreversible damage to the environment, especially now that global warming is worsening and AI is not helping. At this point, I only see abuses (such as the use of aircraft turbines as a primary source of energy) and no one is doing anything about it.

Regulation is important, otherwise there will be abuse and more and more monopoly, which is exactly what these Big Tech companies are looking for.

#bigtech #deregulate #eu #ai #genai #privacy

#RussVought had carefully analyzed mistakes from the first term. And he had laid out steps to achieve the long-sought conservative goal of a president with dramatically expanded #authority over the #ExecutiveBranch, including the #power to cut off #spending, #fire employees, control #independent #FederalAgencies & #deregulate the #economy.

#Musk, who spent >$250M to help elect #Trump, had celebrity, access to the president & political capital that the budget director could never hope for.

The payoff from Thiel’s early gamble in Trump is a lesson that has not passed others by.

As with their other obsession, #crypto, the best time to have invested in Trump was 2016,
and the second best time is today.

We already have a word for what we’re watching now:
it’s #oligarchy.

And we’ve already seen how this plays out.

In Putin’s Russia, political and commercial interests are one and the same.

Thiel is betting
– again
– on the same phenomenon in America.

Betting that he will be first among a new breed of tech bro oligarchs
– a new super-class of #broligarchs.

In Trump’s America, there will be hard choices for everyone, including the billionaires. --
Though it may be less hard for them.

Vance has said he wants to #deregulate crypto and
unshackle AI.

He’s said he’d #dismantle Biden’s attempts to place safeguards around AI development.

And while he has it in for the #legacy #monopolies of Google and Facebook
– the platforms that his ideological bedfellows in the “new right” see as part of the “censorship industrial complex” suffocating rightwing speech
– Silicon Valley is betting on a gloves-off, regulation-free, pro-business #goldrush.

Another Peter Thiel acolyte was on stage at the Republican National Convention last week,
electrifying the crowd:
#Hulk #Hogan.

Hogan is less well known as one of Thiel’s longterm bets, though in some ways he’s even more instructive than Vance.

In 2007, the online magazine #Gawker outed Thiel and ran a series of unflattering articles about him.

It took him years, but he ultimately got his revenge, covertly funding Hulk Hogan to the tune of $10m to sue the publication for invasion of privacy and forcing it into #bankruptcy.

On stage at the RNC, the wrestler, a permatanned orange, ripped off his shirt for the man who increasingly looks like he’ll be America’s next president.

Or, if JD Vance, is correct, the man who will prove to be the #Caesar he says America needs.

A man who he has already urged to fire the nation’s civil servants to
💥 “replace them with our people”,
to defy the courts and rule his own way.

Or, to put this in simple terms:
to foment a #coup.

Thiel knows what every investor knows. That a crisis is an opportunity.

And that if Trump succeeds in tearing up the federal administration,
there is not only billions to be made in the ensuing market #turmoil but that a new breed of oligarchs,
close to Caesar’s throne, will be the first to share the spoils.

And chief among them will be Thiel.

It’s not a stretch to see how #Palantir, his data-mining company
– that under the Conservatives got its teeth into the NHS
– will profile and surveil and target Caesar’s enemies.

And Thiel’s track record in winning, in successfully betting on the longest of odds, on biding his time, is maybe the most chilling of all the factors in a fortnight that has started to feel like the start of a run on the bank.

Biden’s debate disaster,
Trump’s victorious assassination survival,
and now Silicon Valley’s ascension to the presidential ticket.

The broligarchs have made their move
– and the rest of us need to understand exactly what that means.

#tech #elite #Sandberg #Page #Bezos #Peter #Thiel #tech #bro #Vance #Elon #Musk #Marc #Andreessen #Ben #Horowitz #Winklevoss #Chamath #Palihapitiya #David #Sacks #Palantir #Vance #Mithril #Capital #Narya #Capital