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TechCheck

Elon Musk as Tech Policy’s Newest Wildcard 11/20/24

TechCheck

CNBC

Disruptors, Investing, Faang, Technology, Business, Management, Cnbc, Tech

4.856 Ratings

🗓️ 20 November 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

Elon Musk is emerging as a new wild card for big tech in Trump’s second administration. His empire of companies and ventures compete with megacaps on numerous levels, particularly Google, whose Waymo, Gemini and YouTube frequently go up against Musk’s Tesla, xAI and X.

Transcript

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0:00.0

Turns out when Alphabet CEO Sundar Pichai called President-elect Trump to congratulate his win,

0:05.0

they weren't alone. The information now reporting that Elon Musk was also on that call.

0:10.0

Our Dear Jrabosa joins us with more on Musk's own empire of tech interests.

0:14.0

And what would that mean for Trump's tech policy in today's tech check?

0:18.0

I'm sure Sundar must have been surprised.

0:21.6

I think he was very surprised, at least that's according to the information.

0:25.6

Now, Musk serving dual roles as both public official and tech entrepreneur, that could lead

0:31.6

to unprecedented levels of conflict of interest.

0:34.6

And that phone call between Pichai and President-elect Trump may just be the beginning of a new wildcard emerging for big tech in Trump's second

0:41.8

administration, that being Elon Musk. His empire of companies and ventures compete with Google

0:47.2

on several different levels. Let us outline them for you. There's Google versus XAI. This is the

0:53.0

hottest race in tech at the moment. Who can

0:54.9

develop and deploy generative AI quickest and most effectively, a race that requires access

1:00.4

to chips and talent, but also infrastructure and energy, areas that do come under government

1:05.2

purview. Google DeepMine competes with XAI on the development of LLMs, while Musk's GROC is a consumer-facing

1:12.0

AI application competing with Gemini that powers Google's AI apps.

1:17.0

Next, you've got Waymo versus Tesla.

1:19.0

The Alphabet subsidiary has been expanding operations state-by-state navigating the different

1:23.5

regulatory frameworks along the way.

1:25.6

Tesla's Robotaxi ambitions, meanwhile, they haven't even

1:29.4

started, but they would benefit from federal framework, which Musk could push as efficiencies are.

1:35.5

There's also X, formerly Twitter versus YouTube. They compete for ad dollars and for content,

...

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