{"id":37100,"date":"2025-01-19T11:35:59","date_gmt":"2025-01-19T11:35:59","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=37100"},"modified":"2025-01-19T11:35:59","modified_gmt":"2025-01-19T11:35:59","slug":"%e2%9a%96%ef%b8%8fare-tech-oligarchs-threatening-democracy","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=37100","title":{"rendered":"\u2696\ufe0fAre Tech Oligarchs Threatening Democracy?"},"content":{"rendered":"

Get in Front of 50k Tech Leaders: <\/em><\/strong>Grow With Us<\/em><\/strong><\/a>\u200a\u2014\u200aLet Us Feature Your Business.<\/em><\/strong><\/p>\n

It\u2019s Friday!\u00a0\ud83c\udf89<\/em><\/p>\n

By Monday, a new administration will take the reins, bringing with it fresh tech rules, crypto executive orders, and a wave of new emotions. The first 100 days often define an administration\u2019s direction, and the countdown begins\u00a0Monday.<\/em><\/p>\n

In this edition, we\u2019ll explore the anticipated changes, examine how tech leaders may pose risks to democracy, and highlight the top trends and news shaping the future. Let\u2019s dive\u00a0in!<\/em><\/p>\n

Biden Delays TikTok Ban, Leaves Decision to\u00a0Trump.Are Tech Oligarchs Threatening Democracy?\ud83e\uddf0 AI\u00a0ToolsNew Administration Prepares Crypto Executive Order.\ud83d\udcf0 News and\u00a0Trends.<\/p>\n

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Biden Delays TikTok Ban, Leaves Decision to\u00a0Trump.<\/h3>\n

The Biden administration announced it will not enforce<\/a> the TikTok ban set for Sunday, deferring the decision to the incoming Trump administration. The ban, tied to national security concerns over TikTok\u2019s Chinese ownership, could impose billions in fines on companies like Apple and Google if the app remains accessible.<\/p>\n

Officials cited the transition of power and a federal holiday as reasons for the delay. <\/strong>President-elect Trump has vowed to explore ways to keep TikTok operational under U.S. ownership. The Supreme Court\u2019s pending ruling could still impact the ban\u2019s\u00a0future.<\/p>\n

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Are Tech Oligarchs Threatening Democracy?<\/h3>\n

https:\/\/medium.com\/media\/d45c35a8af19cc262e51fa6779a5d8c1\/href<\/a><\/p>\n

In his farewell address, President Joe Biden cautioned against the growing power of tech leaders, warning of a \u201ctech industrial complex\u201d threatening democracy<\/a>. He criticized misinformation on social media and the rollback of fact-checking, calling it an \u201cavalanche of lies for power and\u00a0profit.\u201d<\/strong><\/p>\n

Biden\u2019s concerns likely target figures like Elon Musk and Mark Zuckerberg, highlighting the dangers of concentrated wealth and influence. The warning comes as these tech CEOs prepare to attend President-elect Trump\u2019s inauguration, signaling their increasing political sway.<\/p>\n

How Tech Controls Governments and\u00a0Society?<\/strong><\/p>\n

Lobbying Power<\/strong>
Top tech firms spend billions influencing policies on privacy, antitrust, and AI. Amazon and Alphabet alone spent over $20M each in lobbying in\u00a02024.Control of Data Centers<\/strong>
With governments reliant on cloud services from AWS, Google, and Microsoft, tech companies gain leverage in critical infrastructure and cybersecurity.Acquiring Competitors<\/strong>
Tech giants eliminate rivals and dominate markets by acquiring startups, as seen with Microsoft\u2019s Activision deal and Amazon\u2019s iRobot purchase.Shaping Public Opinion<\/strong>
Social media platforms control news algorithms, influencing elections and suppressing dissent. Meta\u2019s rollback of fact-checking highlights this\u00a0risk.Political Influence<\/strong>
CEOs like Elon Musk and Jeff Bezos fund campaigns and align with leaders to secure favorable policies, deepening their political ties.AI Domination<\/strong>
From job automation to predictive policing, tech companies control AI tools shaping societal structures, raising ethical and privacy concerns.Weakening Regulations<\/strong>
Tech lobbying delays antitrust and privacy laws, leaving consumers vulnerable and regulators struggling to keep\u00a0up.Economic Leverage<\/strong>
Tech\u2019s dominance in national economies makes governments hesitant to regulate, fearing job losses and market instability.<\/p>\n

Unchecked, this influence threatens democracy and competition, underscoring the need for stricter accountability.<\/p>\n

Leave a\u00a0comment<\/a><\/p>\n

\ud83d\udcf0 AI News and\u00a0Trends<\/h3>\n

ChatGPT now lets you schedule reminders and recurring tasks\u00a0(TC<\/a>)Shield AI in talks to raise from Palantir at $5B valuation (Investing<\/a>)AFP Partners with Mistral AI to Deliver Trusted, Real-Time News Insights\u00a0(AFP<\/a>)Microsoft bundles Office AI features into Microsoft 365, raises prices (TheVerge<\/a>)AI researcher Fran\u00e7ois Chollet founds a new AI lab focused on AGI\u00a0(TC<\/a>)Nvidia releases more tools and guardrails to nudge enterprises to adopt AI agents\u00a0(TC<\/a>)<\/p>\n

\ud83c\udf10 Other Tech\u00a0news<\/h3>\n

Red Note hires English moderators amid TikTok\u2019s U.S. uncertainty (Wired<\/a>)and Duolingo sees 216% spike in US users learning Chinese amid TikTok ban and move to RedNote\u00a0(TC<\/a>)Apple in talks with Barclays, Synchrony to replace Goldman in credit card deal (Reuters<\/a>)<\/p>\n

New Administration Prepares Crypto Executive Order.<\/h3>\n

https:\/\/medium.com\/media\/6fc14de303ebdd62a4769aad56727e9e\/href<\/a><\/p>\n

The upcoming administration\u2019s forthcoming executive order<\/a> on cryptocurrency, expected by Jan. 20, aims to clarify federal policy on digital assets. Feasible actions include designating crypto as a national priority, forming advisory councils, and directing agency reviews. <\/strong>However, more ambitious measures, such as halting litigation or creating a national Bitcoin reserve, would require Congressional approval.<\/p>\n

The order is expected to leverage existing agency frameworks, potentially fostering greater regulatory coordination and signaling the administration\u2019s approach to the crypto industry. The scope and impact of the order remain uncertain, but it may redefine federal interactions with digital\u00a0assets.<\/p>\n

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\u2696\ufe0fAre Tech Oligarchs Threatening Democracy?<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":"

Get in Front of 50k Tech Leaders: Grow With Us\u200a\u2014\u200aLet Us Feature Your Business. It\u2019s Friday!\u00a0\ud83c\udf89 By Monday, a new administration will take the reins, bringing with it fresh tech rules, crypto executive orders, and a wave of new emotions. The first 100 days often define an administration\u2019s direction, and the countdown begins\u00a0Monday. In this […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-37100","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/37100"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37100"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/37100\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}