A shift toward less regulation would be a dramatic change for the industry, which has faced intense scrutiny from the Biden administration. Under FTC Chair Lina Khan’s leadership, regulators aggressively pursued cases against the industry’s biggest companies, including Amazon (AMZN), Apple (AAPL), Meta (META), and Alphabet (GOOG, GOOGL).
Trump, on the other hand, has promised to cut excess red tape, including his promise to throw out Biden’s executive order aimed at putting safety guardrails on AI — a move that would be viewed as controversial by those within the industry.