Tech giants back Trump’s AI deregulation plan amid public concern over societal impacts

Donald Trump recently hosted an AI summit in Washington, titled ‘Winning the AI Race,’ geared towards a deregulated atmosphere for AI innovation. Key figures from the tech industry, including Nvidia’s CEO Jensen Huang and Palantir’s CTO Shyam Sankar, attended the event.

Co-hosted by the Hill and Valley Forum and the Silicon Valley All-in Podcast, the summit was a platform for Trump to introduce his ‘AI Action Plan‘, comprised of three executive orders focusing on deregulation. Trump’s objective is to dismantle regulatory restrictions he perceives as obstacles to innovation, aiming to re-establish the US as a leader in AI exportation globally.

The executive orders announced target the elimination of ‘ideological dogmas such as diversity, equity, and inclusion (DEI)’ in AI models developed by federally funded companies. Additionally, one order promotes exporting US-developed AI technologies internationally, while another seeks to lessen environmental restrictions and speed up approvals for energy-intensive data centres.

These measures are seen as reversing the Biden administration’s policies, which stressed the importance of safety and security in AI development. Technology giants Apple, Meta, Amazon, and Alphabet have shown significant support for Trump’s initiatives, contributing to his inauguration fund and engaging with him at his Mar-a-Lago estate. Leaders like OpenAI’s Sam Altman and Nvidia’s Jensen Huang have also pledged substantial investments in US AI infrastructure.

Despite this backing, over 100 groups, including labour, environmental, civil rights, and academic organisations, have voiced their opposition through a ‘People’s AI action plan’. These groups warn of the potential risks of unregulated AI, which they fear could undermine civil liberties, equality, and environmental safeguards.

They argue that public welfare should not be compromised for corporate gains, highlighting the dangers of allowing tech giants to dominate policy-making. That discourse illustrates the divide between industry aspirations and societal consequences.

The tech industry’s influence on AI legislation through lobbying is noteworthy, with a report from Issue One indicating that eight of the largest tech companies spent a collective $36 million on lobbying in 2025 alone. Meta led with $13.8 million, employing 86 lobbyists, while Nvidia and OpenAI saw significant increases in their expenditure compared to previous years. The substantial financial outlay reflects the industry’s vested interest in shaping regulatory frameworks to favour business interests, igniting a debate over the ethical responsibilities of unchecked AI progress.

As tech companies and pro-business entities laud Trump’s deregulation efforts, concerns persist over the societal impacts of such policies.

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