The real winners from Trump’s ‘AI action plan’? Tech companies

Millions spent by Alphabet, Meta, Microsoft and others appear to have paid off as president vows to cut red tape

Donald Trump's AI summit in Washington this week was a fanfare-filled event catered to the tech elite. The president took the stage on Wednesday evening, as the song God Bless the USA piped over the loudspeakers, and then he decreed: America must once again be a country where innovators are rewarded with a green light, not strangled with red tape, so they can't move, so they can't breathe."

The message was clear - the tech regulatory environment that was once the focus of federal lawmakers is no longer.