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Equity

Trump's election throws tech regulation a curveball

Equity

TechCrunch

Founders, Silicon Valley, Finance, Ipo, Vc, Technology, Business News, Startups, Business, Venture Capital, News, Stock Market, Entrepreneurship, Techcrunch

4.2365 Ratings

🗓️ 8 November 2024

⏱️ 31 minutes

🧾️ Download transcript

Summary

A tech regulation shakeup is on the way with President-elect Donald Trump set to take office in January. Trump has made it clear that he plans to dismantle Biden’s AI policies on "day one," aligning himself with those who’ve pushed back against regulation. Today on TechCrunch’s Equity podcast, hosts Kirsten Korosec, Devin Coldewey and Margaux MacColl  dove into what Trump’s win could mean for AI policy and innovation moving forward. While AI is always on the mind these days, there was so much more startup and venture news for the Equity crew to get into this week. Listen to the full episode to hear about: OpenAI’s acquisition of Chat.com, the domain previously acquired by HubSpot co-founder and CTO Dharmesh Shah for a whopping $15.5 million. We’re not sure if this signals a brand change for the AI startup, but users’ trips to ChatGPT just got three letters shorter. DeepRoute’s $100 million raise and the startup’s race to get its automated systems out before Tesla FSD is available in China. Biotech startup Archon’s $20 million effort to power up drug development with its ‘antibody cages’. Of course, we couldn’t talk about the news without a biochemistry lesson from Devin where we learned a new scientific term: thingies. Google’s new AI-focused data center and collaboration with the Saudi Public Investment fund. The move had the team thinking more about tech’s climate commitments at large, and who is walking back their pledges in favor of AI. The election bidding boom - from Polymarket to Kalshi and a potential $450 million payout.

Transcript

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0:00.0

This episode is presented by Invest Puerto Rico.

0:03.6

If you believe your business can go anywhere, Puerto Rico is the place.

0:19.0

Hello and welcome back to Equity, TechRunch's flagship podcast about the business of startups.

0:24.9

Today is Friday, November 8th, 2024.

0:27.9

I'm Kirsten Koresak, and joining me today are my fellow T.C.ers, Devin Coldaway and Margo McCall.

0:35.1

Hey, y'all, you know, I wish it was a more exciting week.

0:39.6

Like, I wish that there had been things that happened this week that we could report on.

0:44.5

Things happened. Things happened.

0:46.5

Oh.

0:46.8

Did you hear that OpenAI bought chat.com?

0:50.0

Oh, wow.

0:51.3

So that was the big news of the week.

0:53.2

Yeah.

0:53.5

So now instead of typing out chat gpt, you can just write chat.com.

0:58.5

So it'll save you a couple of seconds, you know, the 40 times a day you open up chat GPT.

1:03.6

But yeah, yeah, they paid a bunch of money or I think they paid a bunch of stock.

1:07.4

The guy who bought it last year of HubSpot CTO Darmesh Shah. This guy has got enough money

1:12.3

that he's just buying up like super premium top level domains like chat.com. He paid $15 million

1:18.6

last year and now has sold it on to OpenAI and was paid, he implied anyway online

1:24.8

in a little like tease post that he had he was paid for it in open AI

1:28.7

shares, which may or may not be a good idea.

1:31.6

I mean, those are they're hard to get.

...

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