Here’s an excerpt from the article “The Trump Era of Tech: Impacts and Changes in the U.S. Technology Sector”:

As the world continues to navigate the complex landscape of technology, the Trump administration has made significant changes to the U.S. technology sector, sparking debates and uncertainty among tech giants, entrepreneurs, and policymakers. Upon taking office, President Trump aimed to reduce regulatory hurdles, streamline approval processes, and boost investment in the tech sector. He implemented policies aimed at promoting competition, innovation, and growth, with a focus on deregulation and privatization. In his first few months, Trump signed executive orders and memos aimed at cutting red tape, reducing bureaucracy, and fostering a more favorable business environment.

This climate drew in new investors, entrepreneurs, and startups, eager to take advantage of the reduced regulatory burden. For instance, the Federal Communications Commission (FCC) under Ajit Pai, a Trump appointee, repealed net neutrality regulations, allowing internet service providers (ISPs) increased flexibility to manage their networks and create new business models. This change encouraged innovation and cost savings, as ISPs invested in upgrading their infrastructure and offering more competitive services.