CEOs like Elon Musk and Tim Cook still have – Business News
On Inauguration Day, CEOs lined up behind Donald Trump on the podium. Ten months into his presidency, they haven’t gone anyplace. If something, they’ve grow to be fixtures at dinners and boards — and that’s a good factor for the economic system and national security alike.
At a latest dinner honoring Saudi Crown Prince Mohammed bin Salman — who dedicated to invest $1 trillion within the US — the desk was full of company America’s heaviest hitters: Coinbase CEO Brian Armstrong, Salesforce’s Marc Benioff, GM’s Mary Barra, Pfizer’s Albert Bourla, Apple’s Tim Cook, JPMorgan’s Jane Fraser, Nvidia’s Jensen Huang, Palantir’s Alex Karp, Elon Musk, Blackstone’s Steve Schwarzman, Robinhood’s Vlad Tenev, and Chevron’s Mike Wirth.
A handful of celebrities, similar to Cristiano Ronald, and content material creators have been sprinkled in for good measure.
Elon Musk was notably back within the fold at Trump’s state dinner earlier this week. REUTERS
“It was interesting to see how giddy these CEOs are to be part of this — they are excited to be there because the president actually likes them and helps them with the deregulation to advance AI,” one dinner attendee who spoke on the situation of anonymity informed me.
Elon Musk was notably back within the fold and “visibly happy to be there” — although one attendee noticed that his seat wasn’t nearly as good because it had been earlier than the breakup.
The subsequent day, Trump spoke at an investment discussion board alongside a number of CEOs, an prevalence that has grow to be de rigueur for the administration.
“Trump has always prioritized private sector relationships — his entire presidency is predicated on the belief that “both parties have failed,” longtime adviser Jason Miller informed me. “Coming from the private sector and the first CEO to become president, he values the opinions of other business leaders and job creators. He wants to go right to the top to hear solutions.”
President Trump spoke at an investment discussion board this week alongside a number of CEOs, an prevalence that has grow to be de rigueur for the administration. REUTERS
These relationships aren’t nearly securing investment and creating jobs. They’re emblematic of the growing significance of technology to geopolitics and national security. As Nvidia CEO Jensen Huang said in a latest interview, “Technology is now too important in politics.”
“The president has this huge level of respect for what’s at stake,” one other dinner attendee informed me. “This is the whole game and he doesn’t want to lose to China.”
President Trump’s emphasis on building relationships with consultants in technology is emblematic of the growing significance of technology to geopolitics and national security. Here, Sam Altman attends a State Banquet at Windsor Castle, in Windsor, Britain, that was half of a Trump State go to in September. by way of REUTERS
That urgency facilities on artificial intelligence. Trump believes whoever wins the AI race will win every thing— and that the race will probably be determined within the subsequent three years.
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“He knows we’re in a technological arms race with China and that if America is going to get winning results, the country’s best and brightest need to come together, work with the government, and build things that secure American dominance and deter our adversaries,” Mike Gallagher, Head of Defense at Palantir informed me.
“President Trump speaks the same language as business leaders: you either get results or you don’t.”
To be sure, each president hosts state dinners with business leaders. But beneath Biden, such occasions have been dominated by bureaucrats and coverage consultants, not tech titans.
“The Trump administration has completely changed how Washington thinks about technology,” mentioned Alex Jacobson, a associate at 137 Ventures, which just lately opened a DC workplace. “Tech is now treated as a core tool of governance and a driver of American strength in manufacturing, military capacity, healthcare, and energy.”
Michael Kratsios, director of the White House Office of Science and Technology Policy provides, “Technology is no longer a vertical; it’s the backbone of national security and economic strength.”
