The tech industry has consistently demonstrated its willingness to curry favor with the current administration, and this trend shows no signs of abating under President Trump. A year after his inauguration, it's clear that Silicon Valley giants have benefited significantly from their alliance with Trump.
This close relationship has yielded substantial rewards for these powerful companies. They've received billions in government funding and participated in massive, lucrative deals featuring diplomatic visits where CEOs were invited to negotiate alongside the president.
The expansion of datacenters across the US and Europe is another area where tech giants are poised to reap financial benefits. High energy prices in Germany have constrained growth in datacenter construction, but Chancellor Friedrich Merz's party has agreed to subsidize industrial electricity use until 2028. In contrast, Trump's administration is blocking renewable energy projects, which could lead to increased costs for domestic consumers.
In the US, President Trump's concerns about datacenters are rooted in their impact on the expensive electricity market. However, his efforts to force these companies to pay full property taxes and accept neither tax reductions nor electricity rate discounts may ultimately prove futile. The president's anxiety is also evident in his recent announcement that Microsoft will pay more for its datacenters, paying full property taxes and accepting neither tax reductions nor electricity rate discounts.
The effects of Australia's social media ban on under-16s are being closely watched. Despite the government's assertion that millions of accounts have been deleted or restricted, critics argue that the ban has "fallen flat" due to the ease with which new accounts can be created. The lack of effective age verification tools is a concern that needs to be addressed.
The wider tech landscape is filled with other stories and news items. This includes reports about a notorious hacker who was dubbed an 'untouchable hacker god', the introduction of ads on the US version of ChatGPT, and the use of AI in child abuse images, among others.
This close relationship has yielded substantial rewards for these powerful companies. They've received billions in government funding and participated in massive, lucrative deals featuring diplomatic visits where CEOs were invited to negotiate alongside the president.
The expansion of datacenters across the US and Europe is another area where tech giants are poised to reap financial benefits. High energy prices in Germany have constrained growth in datacenter construction, but Chancellor Friedrich Merz's party has agreed to subsidize industrial electricity use until 2028. In contrast, Trump's administration is blocking renewable energy projects, which could lead to increased costs for domestic consumers.
In the US, President Trump's concerns about datacenters are rooted in their impact on the expensive electricity market. However, his efforts to force these companies to pay full property taxes and accept neither tax reductions nor electricity rate discounts may ultimately prove futile. The president's anxiety is also evident in his recent announcement that Microsoft will pay more for its datacenters, paying full property taxes and accepting neither tax reductions nor electricity rate discounts.
The effects of Australia's social media ban on under-16s are being closely watched. Despite the government's assertion that millions of accounts have been deleted or restricted, critics argue that the ban has "fallen flat" due to the ease with which new accounts can be created. The lack of effective age verification tools is a concern that needs to be addressed.
The wider tech landscape is filled with other stories and news items. This includes reports about a notorious hacker who was dubbed an 'untouchable hacker god', the introduction of ads on the US version of ChatGPT, and the use of AI in child abuse images, among others.